Springsnow Food Group Co (SHSE:605567) Days Payable : 47.90 (As of Sep. 2024)

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What is Springsnow Food Group Co Days Payable?

Springsnow Food Group Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥311 Mil. Springsnow Food Group Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥592 Mil. Hence, Springsnow Food Group Co's Days Payable for the three months ended in Sep. 2024 was 47.90.

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

SHSE:605567' s Days Payable Range Over the Past 10 Years
Min: 39.18 Med: 48.2 Max: 80.94
Current: 45.92

During the past 7 years, Springsnow Food Group Co's highest Days Payable was 80.94. The lowest was 39.18. And the median was 48.20.

SHSE:605567's Days Payable is ranked better than
50.68% of 1825 companies
in the Consumer Packaged Goods industry
Industry Median: 45.26 vs SHSE:605567: 45.92

Springsnow Food Group Co's Days Payable increased from Sep. 2023 (35.79) to Sep. 2024 (47.90). It may suggest that Springsnow Food Group Co delayed paying its suppliers.

Springsnow Food Group Co Days Payable Historical Data

The historical data trend for Springsnow Food Group 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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Springsnow Food Group Co Days Payable Chart

Springsnow Food Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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57.21

48.20

39.18

40.51

40.85

Springsnow Food Group Co Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															35.79	34.43	60.03	48.04	47.90

Competitive Comparison of Springsnow Food Group Co's Days Payable

For the Packaged Foods subindustry, Springsnow Food Group 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.

Springsnow Food Group Co's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Springsnow Food Group Co's Days Payable falls into.

Springsnow Food Group 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.

Springsnow Food Group 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
=	( (291.401	+	301.975)	/	2 )	/	2651.068	*	365
=	296.688					/	2651.068	*	365
=	40.85

Springsnow Food Group Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (279.915	+	341.798)	/	2 )	/	592.18	*	365 / 4
=	310.8565					/	592.18	*	365 / 4
=	47.90

Springsnow Food Group Co Days Payable Related Terms

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Springsnow Food Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Springsnow Food Group Co Ltd (SHSE:605567) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 382, Fushan Road, Laiyang City, Shandong Province, Yantai, CHN

Website

http://www.springsnowfood.com

Springsnow Food Group Co Ltd is engaged in the research and development, production, processing, and sales of white feather chicken and chicken food. Its business activities include the production and marketing of chicken prepared foods (prepared meals), commercial broiler breeding and broiler slaughtering, cutting and processing, feed production, and production and sales of bio-organic fertilizers.

Executives

Wang Lei	Supervisors
Chen Fei	Directors, senior managers
Sun Yu Wen	Director
Li Lei	senior management
Xu Jian Xiang	senior management
Li Yan Lin	Directors, senior managers
Zhang Ji Rong	senior management
Huang Shi Min	senior management
Zheng Jun	senior management
Lv Gao Feng	Supervisors
Wang Ke Zhu	Directors, senior managers
Liu Xian Shuai	senior management
Hao Kong Chen	senior management

Springsnow Food Group Co Headlines

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