Fujian Jinsen Forestry Co (SZSE:002679) Days Payable : 1,110.16 (As of Mar. 2024)

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What is Fujian Jinsen Forestry Co Days Payable?

Fujian Jinsen Forestry Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥27.8 Mil. Fujian Jinsen Forestry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2.3 Mil. Hence, Fujian Jinsen Forestry Co's Days Payable for the three months ended in Mar. 2024 was 1,110.16.

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

SZSE:002679' s Days Payable Range Over the Past 10 Years
Min: 132.87 Med: 174.47 Max: 691.48
Current: 136.62

During the past 13 years, Fujian Jinsen Forestry Co's highest Days Payable was 691.48. The lowest was 132.87. And the median was 174.47.

SZSE:002679's Days Payable is ranked better than
89.68% of 281 companies
in the Forest Products industry
Industry Median: 56.57 vs SZSE:002679: 136.62

Fujian Jinsen Forestry Co's Days Payable increased from Mar. 2023 (536.41) to Mar. 2024 (1,110.16). It may suggest that Fujian Jinsen Forestry Co delayed paying its suppliers.

Fujian Jinsen Forestry Co Days Payable Historical Data

The historical data trend for Fujian Jinsen Forestry 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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Fujian Jinsen Forestry Co Days Payable Chart

Fujian Jinsen Forestry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

197.46

177.71

132.87

151.87

171.23

Fujian Jinsen Forestry 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															536.41	282.10	111.19	62.18	1,110.16

Competitive Comparison of Fujian Jinsen Forestry Co's Days Payable

For the Lumber & Wood Production subindustry, Fujian Jinsen Forestry 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.

Fujian Jinsen Forestry Co's Days Payable Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Fujian Jinsen Forestry Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Fujian Jinsen Forestry Co's Days Payable falls into.

Fujian Jinsen Forestry 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.

Fujian Jinsen Forestry 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
=	( (33.326	+	32.249)	/	2 )	/	69.889	*	365
=	32.7875					/	69.889	*	365
=	171.23

Fujian Jinsen Forestry 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
=	( (32.249	+	23.423)	/	2 )	/	2.288	*	365 / 4
=	27.836					/	2.288	*	365 / 4
=	1,110.16

Fujian Jinsen Forestry Co Days Payable Related Terms

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Fujian Jinsen Forestry Co (SZSE:002679) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Fujian Jinsen Forestry Co Ltd (SZSE:002679) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.16,South Shuinansanhua Rd, Fujian Province, Sanming, CHN

Website

http://www.jinsenforestry.com

Fujian Jinsen Forestry Co Ltd is the forest resource cultivation enterprise in China. The principal business activities of the company include forest management, afforestation, and renewal; planting of flowers and other horticultural plants. In addition, the company sales wood products, bamboo products, and primary agricultural products. The company also invest in forestry and agricultural projects.

Fujian Jinsen Forestry Co (SZSE:002679) Headlines

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