Shandong Huifa Foodstuff Co (SHSE:603536) Days Payable : 69.03 (As of Mar. 2024)

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What is Shandong Huifa Foodstuff Co Days Payable?

Shandong Huifa Foodstuff Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥264 Mil. Shandong Huifa Foodstuff Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥350 Mil. Hence, Shandong Huifa Foodstuff Co's Days Payable for the three months ended in Mar. 2024 was 69.03.

The historical rank and industry rank for Shandong Huifa Foodstuff Co's Days Payable or its related term are showing as below:

SHSE:603536' s Days Payable Range Over the Past 10 Years
Min: 30.43 Med: 45.92 Max: 76.25
Current: 56.51

During the past 12 years, Shandong Huifa Foodstuff Co's highest Days Payable was 76.25. The lowest was 30.43. And the median was 45.92.

SHSE:603536's Days Payable is ranked better than
60.48% of 1794 companies
in the Consumer Packaged Goods industry
Industry Median: 46.105 vs SHSE:603536: 56.51

Shandong Huifa Foodstuff Co's Days Payable declined from Mar. 2023 (71.73) to Mar. 2024 (69.03). It may suggest that Shandong Huifa Foodstuff Co accelerated paying its suppliers.

Shandong Huifa Foodstuff Co Days Payable Historical Data

The historical data trend for Shandong Huifa Foodstuff Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Shandong Huifa Foodstuff Co Days Payable Chart

Shandong Huifa Foodstuff Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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34.29

40.23

44.76

63.92

57.44

Shandong Huifa Foodstuff Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															71.73	59.25	61.31	41.26	69.03

Competitive Comparison of Shandong Huifa Foodstuff Co's Days Payable

For the Packaged Foods subindustry, Shandong Huifa Foodstuff Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Shandong Huifa Foodstuff Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shandong Huifa Foodstuff Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong Huifa Foodstuff Co's Days Payable falls into.

Shandong Huifa Foodstuff Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Shandong Huifa Foodstuff Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (267.244	+	247.664)	/	2 )	/	1636.082	*	365
=	257.454					/	1636.082	*	365
=	57.44

Shandong Huifa Foodstuff Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (247.664	+	281.259)	/	2 )	/	349.576	*	365 / 4
=	264.4615					/	349.576	*	365 / 4
=	69.03

Shandong Huifa Foodstuff Co Days Payable Related Terms

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Shandong Huifa Foodstuff Co (SHSE:603536) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shandong Huifa Foodstuff Co Ltd (SHSE:603536) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

139 Shuncheng Road, Shandong Province, Zhucheng, CHN, 262200

Website

http://www.huifafoods.com

Shandong Huifa Foodstuff Co Ltd is a China based company engages in the research and development, production and sales of frozen food products. Its products include frozen noodles and meat, ready-to-eat meatballs, fried food, pre-packaged food, vegetables, sausage, seafood, meal food and other frozen food and beverages.

Executives

Zang Fang Yun	senior management
Jie Pei Jin	senior management
Wang Rui Rong	senior management
Song Zhang Wei	Director
Zhang Qing Yu	senior management
Wei Xue Jun	senior management
Hui Zeng Yu	Directors, senior managers
Meng Gao Dong	senior management

Shandong Huifa Foodstuff Co (SHSE:603536) Headlines

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