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Tianjin Guifaxiang 18th Street Mahua Food Co (SZSE:002820) Days Payable : 22.80 (As of Mar. 2024)


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What is Tianjin Guifaxiang 18th Street Mahua Food Co Days Payable?

Tianjin Guifaxiang 18th Street Mahua Food Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥21.8 Mil. Tianjin Guifaxiang 18th Street Mahua Food Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥87.3 Mil. Hence, Tianjin Guifaxiang 18th Street Mahua Food Co's Days Payable for the three months ended in Mar. 2024 was 22.80.

The historical rank and industry rank for Tianjin Guifaxiang 18th Street Mahua Food Co's Days Payable or its related term are showing as below:

SZSE:002820' s Days Payable Range Over the Past 10 Years
Min: 23.22   Med: 33.47   Max: 43.54
Current: 30.62

During the past 13 years, Tianjin Guifaxiang 18th Street Mahua Food Co's highest Days Payable was 43.54. The lowest was 23.22. And the median was 33.47.

SZSE:002820's Days Payable is ranked worse than
70.38% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 45.64 vs SZSE:002820: 30.62

Tianjin Guifaxiang 18th Street Mahua Food Co's Days Payable increased from Mar. 2023 (20.43) to Mar. 2024 (22.80). It may suggest that Tianjin Guifaxiang 18th Street Mahua Food Co delayed paying its suppliers.


Tianjin Guifaxiang 18th Street Mahua Food Co Days Payable Historical Data

The historical data trend for Tianjin Guifaxiang 18th Street Mahua Food 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.

* Premium members only.

Tianjin Guifaxiang 18th Street Mahua Food Co Days Payable Chart

Tianjin Guifaxiang 18th Street Mahua Food Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.25 43.54 30.15 35.50 23.22

Tianjin Guifaxiang 18th Street Mahua Food 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.43 29.36 31.70 45.18 22.80

Competitive Comparison of Tianjin Guifaxiang 18th Street Mahua Food Co's Days Payable

For the Packaged Foods subindustry, Tianjin Guifaxiang 18th Street Mahua Food 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.


Tianjin Guifaxiang 18th Street Mahua Food Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tianjin Guifaxiang 18th Street Mahua Food Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tianjin Guifaxiang 18th Street Mahua Food Co's Days Payable falls into.



Tianjin Guifaxiang 18th Street Mahua Food 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.

Tianjin Guifaxiang 18th Street Mahua Food 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
=( (14.04 + 20.553) / 2 ) / 271.88*365
=17.2965 / 271.88*365
=23.22

Tianjin Guifaxiang 18th Street Mahua Food 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
=( (20.553 + 23.069) / 2 ) / 87.275*365 / 4
=21.811 / 87.275*365 / 4
=22.80

* 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.


Tianjin Guifaxiang 18th Street Mahua Food Co Days Payable Related Terms

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Tianjin Guifaxiang 18th Street Mahua Food Co (SZSE:002820) Business Description

Traded in Other Exchanges
N/A
Address
32 Dongting Road, Hexi District,, Tianjin, CHN, 300221
Tianjin Guifaxiang 18th Street Mahua Food Co Ltd is engaged in the research, development, production and sales of traditional characteristics and other snack foods in China. Its products portfolio mainly includes fried dough twist, pastry, moon cake, traditional sweet dumpling, rice dumpling, chestnut, as well as nuts, among others.

Tianjin Guifaxiang 18th Street Mahua Food Co (SZSE:002820) Headlines

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