CNFC Overseas Fisheries Co (SZSE:000798) Days Payable : 29.10 (As of Mar. 2024)

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What is CNFC Overseas Fisheries Co Days Payable?

CNFC Overseas Fisheries Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥299 Mil. CNFC Overseas Fisheries Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥936 Mil. Hence, CNFC Overseas Fisheries Co's Days Payable for the three months ended in Mar. 2024 was 29.10.

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

SZSE:000798' s Days Payable Range Over the Past 10 Years
Min: 15.01 Med: 18.87 Max: 37.17
Current: 16.59

During the past 13 years, CNFC Overseas Fisheries Co's highest Days Payable was 37.17. The lowest was 15.01. And the median was 18.87.

SZSE:000798's Days Payable is ranked worse than
90.21% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs SZSE:000798: 16.59

CNFC Overseas Fisheries Co's Days Payable increased from Mar. 2023 (22.77) to Mar. 2024 (29.10). It may suggest that CNFC Overseas Fisheries Co delayed paying its suppliers.

CNFC Overseas Fisheries Co Days Payable Historical Data

The historical data trend for CNFC Overseas Fisheries 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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CNFC Overseas Fisheries Co Days Payable Chart

CNFC Overseas Fisheries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

15.35

17.37

15.64

20.94

37.17

CNFC Overseas Fisheries 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															22.77	-	4.42	23.99	29.10

Competitive Comparison of CNFC Overseas Fisheries Co's Days Payable

For the Packaged Foods subindustry, CNFC Overseas Fisheries 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.

CNFC Overseas Fisheries Co's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where CNFC Overseas Fisheries Co's Days Payable falls into.

CNFC Overseas Fisheries 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.

CNFC Overseas Fisheries 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
=	( (390.722	+	390.601)	/	2 )	/	3835.803	*	365
=	390.6615					/	3835.803	*	365
=	37.17

CNFC Overseas Fisheries 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
=	( (390.601	+	206.469)	/	2 )	/	936.208	*	365 / 4
=	298.535					/	936.208	*	365 / 4
=	29.10

CNFC Overseas Fisheries Co Days Payable Related Terms

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CNFC Overseas Fisheries Co (SZSE:000798) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » CNFC Overseas Fisheries Co Ltd (SZSE:000798) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 31 Minfeng Hutong, Xicheng District, 6th Floor, Zhongshui Building, Beijing, CHN, 100032

Website

http://www.cofc.com.cn

CNFC Overseas Fisheries Co Ltd is a China-based company mainly engaged in distant water fishing operation and international economic and trading cooperation. It owns various ocean-going fishing vessels and carries out fishing operations in the Pacific Ocean, Indian Ocean, and the Atlantic Ocean. Its product offerings include squid from Argentina and Peru, saury, tuna, and by-catches as well as associated processed marine products. The company is also engaged in aquatic products trading, ship repair, import and export of fishing machinery, gears, other related equipment, and supplies.

CNFC Overseas Fisheries Co (SZSE:000798) Headlines

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