Cedar Development Co (SZSE:002485) Days Payable : 44.46 (As of Sep. 2024)

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What is Cedar Development Co Days Payable?

Cedar Development Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥133.4 Mil. Cedar Development Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥273.8 Mil. Hence, Cedar Development Co's Days Payable for the three months ended in Sep. 2024 was 44.46.

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

SZSE:002485' s Days Payable Range Over the Past 10 Years
Min: 18.32 Med: 66.65 Max: 105.71
Current: 72.78

During the past 13 years, Cedar Development Co's highest Days Payable was 105.71. The lowest was 18.32. And the median was 66.65.

SZSE:002485's Days Payable is ranked better than
62.78% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 55.93 vs SZSE:002485: 72.78

Cedar Development Co's Days Payable declined from Sep. 2023 (135.54) to Sep. 2024 (44.46). It may suggest that Cedar Development Co accelerated paying its suppliers.

Cedar Development Co Days Payable Historical Data

The historical data trend for Cedar Development 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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Cedar Development Co Days Payable Chart

Cedar Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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22.18

63.32

69.97

60.90

105.71

Cedar Development Co Quarterly Data
	Dec19	Mar20	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															135.54	172.03	87.71	55.05	44.46

Competitive Comparison of Cedar Development Co's Days Payable

For the Apparel Manufacturing subindustry, Cedar Development 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.

Cedar Development Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Cedar Development Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Cedar Development Co's Days Payable falls into.

Cedar Development 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.

Cedar Development 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
=	( (275.89	+	152.507)	/	2 )	/	739.574	*	365
=	214.1985					/	739.574	*	365
=	105.71

Cedar Development 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
=	( (137.285	+	129.549)	/	2 )	/	273.81	*	365 / 4
=	133.417					/	273.81	*	365 / 4
=	44.46

Cedar Development Co Days Payable Related Terms

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Cedar Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Cedar Development Co Ltd (SZSE:002485) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7877, Shunwang Avenue, Shunwang Street, Shandong Province, Zhucheng, CHN, 262200

Website

http://www.sinoer.com

Cedar Development Co Ltd formerly Sinoer Men's Wear Co Ltd designs produce and sales suits, shirts, and apparel products. Its products include men's suits, trousers, shirts, and coats; T-shirts, jackets, and long-sleeved shirts; and women's coats, as well as other clothing products. The company distributes its products in domestic market and to overseas markets.

Executives

Wu Tie Ji	Supervisors
Wang Jin Bin	Executives
Wang Gui Bo	Director
Xu Guang Ning	Director

Cedar Development Co Headlines

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