Fujian Ideal Jewellery Industrial Co (SZSE:002740) Days Payable : 298.01 (As of Sep. 2023)

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What is Fujian Ideal Jewellery Industrial Co Days Payable?

Fujian Ideal Jewellery Industrial Co's average Accounts Payable for the three months ended in Sep. 2023 was ¥283.9 Mil. Fujian Ideal Jewellery Industrial Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥86.9 Mil. Hence, Fujian Ideal Jewellery Industrial Co's Days Payable for the three months ended in Sep. 2023 was 298.01.

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

SZSE:002740' s Days Payable Range Over the Past 10 Years
Min: 28.99 Med: 35.97 Max: 164.21
Current: 152.5

During the past 12 years, Fujian Ideal Jewellery Industrial Co's highest Days Payable was 164.21. The lowest was 28.99. And the median was 35.97.

SZSE:002740's Days Payable is not ranked
in the Retail - Cyclical industry.
Industry Median: 54.48 vs SZSE:002740: 152.50

Fujian Ideal Jewellery Industrial Co's Days Payable declined from Sep. 2022 (748.06) to Sep. 2023 (298.01). It may suggest that Fujian Ideal Jewellery Industrial Co accelerated paying its suppliers.

Fujian Ideal Jewellery Industrial Co Days Payable Historical Data

The historical data trend for Fujian Ideal Jewellery Industrial 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 Ideal Jewellery Industrial Co Days Payable Chart

Fujian Ideal Jewellery Industrial Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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37.56

64.59

98.20

146.44

164.21

Fujian Ideal Jewellery Industrial Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															748.06	59.37	299.51	339.60	298.01

Competitive Comparison of Fujian Ideal Jewellery Industrial Co's Days Payable

For the Luxury Goods subindustry, Fujian Ideal Jewellery Industrial 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 Ideal Jewellery Industrial Co's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Fujian Ideal Jewellery Industrial Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Fujian Ideal Jewellery Industrial Co's Days Payable falls into.

Fujian Ideal Jewellery Industrial 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 Ideal Jewellery Industrial Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (275.896	+	258.779)	/	2 )	/	594.214	*	365
=	267.3375					/	594.214	*	365
=	164.21

Fujian Ideal Jewellery Industrial Co's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (267.675	+	300.051)	/	2 )	/	86.917	*	365 / 4
=	283.863					/	86.917	*	365 / 4
=	298.01

Fujian Ideal Jewellery Industrial Co Days Payable Related Terms

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Fujian Ideal Jewellery Industrial Co (SZSE:002740) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fujian Ideal Jewellery Industrial Co Ltd (SZSE:002740) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.14, Longteng South Road, Xinluo, 4th Floor, Pearl River Building, Fujian Province, Xinluo District, Longyan, CHN, 518020

Website

http://www.idr.com.cn

Fujian Ideal Jewellery Industrial Co Ltd, formerly Shenzhen Ideal Jewellery Co Ltd is engaged in manufacture and sale of jewellery products. It offers products including pendants, rings, earrings, and necklace.

Executives

Li Yong	Director
Liu Li	Director
Di Ai Ling	Director
Zhu Xin Wu	Secretary, Director
Su Ri Ming	Director
Su Jiang Hong	Supervisors
Su Qi Hao	Directors, executives
Li Cheng Feng	Executives
Su Yong Ming	Directors, executives
Wang Bin Kang	Independent director
Miao Zhi Guo	Directors, executives

Fujian Ideal Jewellery Industrial Co (SZSE:002740) Headlines

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