Guangxi Rural Investment Sugar Industry Group Co (SZSE:000911) Days Payable : 39.80 (As of Mar. 2024)

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What is Guangxi Rural Investment Sugar Industry Group Co Days Payable?

Guangxi Rural Investment Sugar Industry Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥366 Mil. Guangxi Rural Investment Sugar Industry Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥839 Mil. Hence, Guangxi Rural Investment Sugar Industry Group Co's Days Payable for the three months ended in Mar. 2024 was 39.80.

The historical rank and industry rank for Guangxi Rural Investment Sugar Industry Group Co's Days Payable or its related term are showing as below:

SZSE:000911' s Days Payable Range Over the Past 10 Years
Min: 34.44 Med: 78.07 Max: 100.52
Current: 34.44

During the past 13 years, Guangxi Rural Investment Sugar Industry Group Co's highest Days Payable was 100.52. The lowest was 34.44. And the median was 78.07.

SZSE:000911's Days Payable is ranked worse than
65.74% of 1792 companies
in the Consumer Packaged Goods industry
Industry Median: 46.25 vs SZSE:000911: 34.44

Guangxi Rural Investment Sugar Industry Group Co's Days Payable increased from Mar. 2023 (28.87) to Mar. 2024 (39.80). It may suggest that Guangxi Rural Investment Sugar Industry Group Co delayed paying its suppliers.

Guangxi Rural Investment Sugar Industry Group Co Days Payable Historical Data

The historical data trend for Guangxi Rural Investment Sugar Industry 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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Guangxi Rural Investment Sugar Industry Group Co Days Payable Chart

Guangxi Rural Investment Sugar Industry Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

71.61

91.28

94.28

72.15

58.85

Guangxi Rural Investment Sugar Industry Group 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															28.87	38.01	54.05	26.07	39.80

Competitive Comparison of Guangxi Rural Investment Sugar Industry Group Co's Days Payable

For the Confectioners subindustry, Guangxi Rural Investment Sugar Industry 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.

Guangxi Rural Investment Sugar Industry Group Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Guangxi Rural Investment Sugar Industry Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Guangxi Rural Investment Sugar Industry Group Co's Days Payable falls into.

Guangxi Rural Investment Sugar Industry 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.

Guangxi Rural Investment Sugar Industry 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
=	( (475.287	+	465.103)	/	2 )	/	2916.256	*	365
=	470.195					/	2916.256	*	365
=	58.85

Guangxi Rural Investment Sugar Industry Group 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
=	( (465.103	+	266.565)	/	2 )	/	838.759	*	365 / 4
=	365.834					/	838.759	*	365 / 4
=	39.80

Guangxi Rural Investment Sugar Industry Group Co Days Payable Related Terms

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Guangxi Rural Investment Sugar Industry Group Co (SZSE:000911) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Guangxi Rural Investment Sugar Industry Group Co Ltd (SZSE:000911) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 30, Xiangzhu Avenue, Qingxiu District, Guangxi Zhuang Autonomous Region, Nanning, CHN, 530023

Website

http://www.nnsugar.com

Guangxi Rural Investment Sugar Industry Group Co Ltd is a China-based company mainly engaged in the production and sales of mechanism sugar and mechanism paper. Its products include Mingyang brand white sugar, Yunou brand white sugar, and Damingshan brand white granulated sugar.

Executives

Liang Ge Fu	Independent director
Hu Chao Yong	Executives
Wang Guo Liang	Director
Lu Tian Mei	Director
Du Da Qiang	Supervisors
Wei Yong Shang	Executives

Guangxi Rural Investment Sugar Industry Group Co (SZSE:000911) Headlines

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