Bestore Co (SHSE:603719) Days Payable : 52.04 (As of Mar. 2024)

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What is Bestore Co Days Payable?

Bestore Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,029 Mil. Bestore Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,804 Mil. Hence, Bestore Co's Days Payable for the three months ended in Mar. 2024 was 52.04.

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

SHSE:603719' s Days Payable Range Over the Past 10 Years
Min: 56.09 Med: 90.87 Max: 171.99
Current: 56.09

During the past 9 years, Bestore Co's highest Days Payable was 171.99. The lowest was 56.09. And the median was 90.87.

SHSE:603719's Days Payable is ranked better than
60.19% of 1791 companies
in the Consumer Packaged Goods industry
Industry Median: 46.12 vs SHSE:603719: 56.09

Bestore Co's Days Payable increased from Mar. 2023 (50.01) to Mar. 2024 (52.04). It may suggest that Bestore Co delayed paying its suppliers.

Bestore Co Days Payable Historical Data

The historical data trend for Bestore 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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Bestore Co Days Payable Chart

Bestore Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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100.02

81.72

70.56

70.45

72.94

Bestore 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															50.01	60.47	54.54	66.14	52.04

Competitive Comparison of Bestore Co's Days Payable

For the Packaged Foods subindustry, Bestore 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.

Bestore Co's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Bestore Co's Days Payable falls into.

Bestore 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.

Bestore 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
=	( (1093.012	+	1230.25)	/	2 )	/	5813.164	*	365
=	1161.631					/	5813.164	*	365
=	72.94

Bestore 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
=	( (1230.25	+	827.06)	/	2 )	/	1803.582	*	365 / 4
=	1028.655					/	1803.582	*	365 / 4
=	52.04

Bestore Co Days Payable Related Terms

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Bestore Co (SHSE:603719) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bestore Co Ltd (SHSE:603719) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 8 Zaomaling Innovation Avenue, Dongxihu District, Hubei Province, Wuhan, CHN, 430000

Website

http://www.517lppz.com

Bestore Co Ltd is engaged in the procurement, sales and operation of snack foods. The company's products include bulk food including refrigerated frozen food, bulk cooked food; pre-packaged food including refrigerated frozen food; special food such as health products, infant formula milk powder, other infant formula; vegetables; dried fruits; flowers; daily necessities; agricultural products; agricultural and sideline products; hot foods including semi-finished foods; pastry foods including decorating foods; production and sale of homemade beverages including homemade fresh milk beverages; cold foods; raw foods including meat products, raw seafood foods; food packaging and processing; storage services, and venue rental.

Bestore Co (SHSE:603719) Headlines

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