Hefei Fengle Seed Co (SZSE:000713) Days Payable : 46.47 (As of Mar. 2024)

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What is Hefei Fengle Seed Co Days Payable?

Hefei Fengle Seed Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥260 Mil. Hefei Fengle Seed Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥510 Mil. Hence, Hefei Fengle Seed Co's Days Payable for the three months ended in Mar. 2024 was 46.47.

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

SZSE:000713' s Days Payable Range Over the Past 10 Years
Min: 29.63 Med: 41.57 Max: 73.61
Current: 41.46

During the past 13 years, Hefei Fengle Seed Co's highest Days Payable was 73.61. The lowest was 29.63. And the median was 41.57.

SZSE:000713's Days Payable is ranked worse than
56.02% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 46.07 vs SZSE:000713: 41.46

Hefei Fengle Seed Co's Days Payable declined from Mar. 2023 (48.98) to Mar. 2024 (46.47). It may suggest that Hefei Fengle Seed Co accelerated paying its suppliers.

Hefei Fengle Seed Co Days Payable Historical Data

The historical data trend for Hefei Fengle Seed 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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Hefei Fengle Seed Co Days Payable Chart

Hefei Fengle Seed Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

36.99

36.89

31.62

29.63

33.39

Hefei Fengle Seed 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															48.98	48.57	52.57	28.45	46.47

Competitive Comparison of Hefei Fengle Seed Co's Days Payable

For the Farm Products subindustry, Hefei Fengle Seed 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.

Hefei Fengle Seed Co's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Hefei Fengle Seed Co's Days Payable falls into.

Hefei Fengle Seed 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.

Hefei Fengle Seed 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
=	( (247.008	+	250.216)	/	2 )	/	2717.678	*	365
=	248.612					/	2717.678	*	365
=	33.39

Hefei Fengle Seed 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
=	( (250.216	+	269.128)	/	2 )	/	509.937	*	365 / 4
=	259.672					/	509.937	*	365 / 4
=	46.47

Hefei Fengle Seed Co Days Payable Related Terms

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Hefei Fengle Seed Co (SZSE:000713) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hefei Fengle Seed Co Ltd (SZSE:000713) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 4, Chuangye Avenue, Laoshan District, Anhui, Hefei, CHN, 230088

Website

http://www.fengle.com.cn

Hefei Fengle Seed Co Ltd is a China-based company engaged in the development, production sale of seeds, agrochemicals and spices. Geographically the activities are carried out through China.

Executives

Wang Hao Bo	Directors, executives
Chen Hui Zhong	Supervisors
Luo Song Biao	Directors, executives
Chen Mao Xin	Director
Xu Ji Ping	Directors, executives
Wu Da Xiang	Director

Hefei Fengle Seed Co (SZSE:000713) Headlines

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