Shandong Bailong Chuangyuan Bio-Tech Co (SHSE:605016) Days Payable : 114.70 (As of Mar. 2024)

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What is Shandong Bailong Chuangyuan Bio-Tech Co Days Payable?

Shandong Bailong Chuangyuan Bio-Tech Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥209.9 Mil. Shandong Bailong Chuangyuan Bio-Tech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥167.0 Mil. Hence, Shandong Bailong Chuangyuan Bio-Tech Co's Days Payable for the three months ended in Mar. 2024 was 114.70.

The historical rank and industry rank for Shandong Bailong Chuangyuan Bio-Tech Co's Days Payable or its related term are showing as below:

SHSE:605016' s Days Payable Range Over the Past 10 Years
Min: 38.08 Med: 64.25 Max: 96.31
Current: 84.23

During the past 8 years, Shandong Bailong Chuangyuan Bio-Tech Co's highest Days Payable was 96.31. The lowest was 38.08. And the median was 64.25.

SHSE:605016's Days Payable is ranked better than
76.62% of 1792 companies
in the Consumer Packaged Goods industry
Industry Median: 46.25 vs SHSE:605016: 84.23

Shandong Bailong Chuangyuan Bio-Tech Co's Days Payable increased from Mar. 2023 (60.80) to Mar. 2024 (114.70). It may suggest that Shandong Bailong Chuangyuan Bio-Tech Co delayed paying its suppliers.

Shandong Bailong Chuangyuan Bio-Tech Co Days Payable Historical Data

The historical data trend for Shandong Bailong Chuangyuan Bio-Tech 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 Bailong Chuangyuan Bio-Tech Co Days Payable Chart

Shandong Bailong Chuangyuan Bio-Tech Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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77.25

71.15

38.08

51.57

96.31

Shandong Bailong Chuangyuan Bio-Tech Co Quarterly Data
	Dec18	Jun19	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															60.80	57.28	64.91	99.88	114.70

Competitive Comparison of Shandong Bailong Chuangyuan Bio-Tech Co's Days Payable

For the Packaged Foods subindustry, Shandong Bailong Chuangyuan Bio-Tech 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 Bailong Chuangyuan Bio-Tech Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shandong Bailong Chuangyuan Bio-Tech Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong Bailong Chuangyuan Bio-Tech Co's Days Payable falls into.

Shandong Bailong Chuangyuan Bio-Tech 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 Bailong Chuangyuan Bio-Tech 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
=	( (93.343	+	214.894)	/	2 )	/	584.105	*	365
=	154.1185					/	584.105	*	365
=	96.31

Shandong Bailong Chuangyuan Bio-Tech 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
=	( (214.894	+	204.976)	/	2 )	/	167.014	*	365 / 4
=	209.935					/	167.014	*	365 / 4
=	114.70

Shandong Bailong Chuangyuan Bio-Tech Co Days Payable Related Terms

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Shandong Bailong Chuangyuan Bio-Tech Co (SHSE:605016) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shandong Bailong Chuangyuan Bio-Tech Co Ltd (SHSE:605016) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Dexin Street, National High-tech Industrial Development Zone, Yucheng, Shandong Province, Dezhou, CHN, 251200

Website

http://www.sdblcy.com

Shandong Bailong Chuangyuan Bio-Tech Co Ltd is engaged in the research and development, production and sales of prebiotic series products, dietary fiber series products, other starch sugar (alcohol) series products and healthy sweetener products.

Executives

Zhang An Guo

Director

Shandong Bailong Chuangyuan Bio-Tech Co (SHSE:605016) Headlines

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