Qinghai Huzhu TianYouDe Highland Barley Spirit Co (SZSE:002646) Days Payable : 50.76 (As of Mar. 2024)

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What is Qinghai Huzhu TianYouDe Highland Barley Spirit Co Days Payable?

Qinghai Huzhu TianYouDe Highland Barley Spirit Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥108 Mil. Qinghai Huzhu TianYouDe Highland Barley Spirit Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥195 Mil. Hence, Qinghai Huzhu TianYouDe Highland Barley Spirit Co's Days Payable for the three months ended in Mar. 2024 was 50.76.

The historical rank and industry rank for Qinghai Huzhu TianYouDe Highland Barley Spirit Co's Days Payable or its related term are showing as below:

SZSE:002646' s Days Payable Range Over the Past 10 Years
Min: 70.77 Med: 133.51 Max: 204.36
Current: 70.77

During the past 13 years, Qinghai Huzhu TianYouDe Highland Barley Spirit Co's highest Days Payable was 204.36. The lowest was 70.77. And the median was 133.51.

SZSE:002646's Days Payable is ranked worse than
57.84% of 204 companies
in the Beverages - Alcoholic industry
Industry Median: 80.985 vs SZSE:002646: 70.77

Qinghai Huzhu TianYouDe Highland Barley Spirit Co's Days Payable declined from Mar. 2023 (66.08) to Mar. 2024 (50.76). It may suggest that Qinghai Huzhu TianYouDe Highland Barley Spirit Co accelerated paying its suppliers.

Qinghai Huzhu TianYouDe Highland Barley Spirit Co Days Payable Historical Data

The historical data trend for Qinghai Huzhu TianYouDe Highland Barley Spirit 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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Qinghai Huzhu TianYouDe Highland Barley Spirit Co Days Payable Chart

Qinghai Huzhu TianYouDe Highland Barley Spirit Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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138.77

163.89

114.13

121.46

93.07

Qinghai Huzhu TianYouDe Highland Barley Spirit 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															66.08	77.25	86.53	85.25	50.76

Competitive Comparison of Qinghai Huzhu TianYouDe Highland Barley Spirit Co's Days Payable

For the Beverages - Wineries & Distilleries subindustry, Qinghai Huzhu TianYouDe Highland Barley Spirit 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.

Qinghai Huzhu TianYouDe Highland Barley Spirit Co's Days Payable Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Qinghai Huzhu TianYouDe Highland Barley Spirit Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Qinghai Huzhu TianYouDe Highland Barley Spirit Co's Days Payable falls into.

Qinghai Huzhu TianYouDe Highland Barley Spirit 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.

Qinghai Huzhu TianYouDe Highland Barley Spirit 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
=	( (126.047	+	102.253)	/	2 )	/	447.655	*	365
=	114.15					/	447.655	*	365
=	93.07

Qinghai Huzhu TianYouDe Highland Barley Spirit 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
=	( (102.253	+	114.216)	/	2 )	/	194.573	*	365 / 4
=	108.2345					/	194.573	*	365 / 4
=	50.76

Qinghai Huzhu TianYouDe Highland Barley Spirit Co Days Payable Related Terms

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Qinghai Huzhu TianYouDe Highland Barley Spirit Co (SZSE:002646) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Qinghai Huzhu TianYouDe Highland Barley Spirit Co Ltd (SZSE:002646) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 6 West Stree, Huzhu County, Qinghai Province, Weiyuan, CHN, 810500

Website

http://www.002646.com

Qinghai Huzhu TianYouDe Highland Barley Spirit Co Ltd is a China-based company operating in the liquor industry. The principal business activities of the company are research and development, production and sales of wine and alcoholic beverages. It specializes in Xizhu, Tianyoude, Ba Dafang, Yongqinghe, Shiyi De and many other series of barleywines, as well as the Maxwell brand.

Executives

Fan Wen Lai	Independent director
Guo Shou Ming	Director
Li Yin Hui	Directors, executives
Wang Zhao San	Directors, executives
Lu Yan	Supervisors

Qinghai Huzhu TianYouDe Highland Barley Spirit Co (SZSE:002646) Headlines

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