Jinzai Food Group Co (SZSE:003000) Days Payable : 23.72 (As of Mar. 2024)

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What is Jinzai Food Group Co Days Payable?

Jinzai Food Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥98 Mil. Jinzai Food Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥378 Mil. Hence, Jinzai Food Group Co's Days Payable for the three months ended in Mar. 2024 was 23.72.

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

SZSE:003000' s Days Payable Range Over the Past 10 Years
Min: 18.7 Med: 21.77 Max: 42.88
Current: 23.16

During the past 8 years, Jinzai Food Group Co's highest Days Payable was 42.88. The lowest was 18.70. And the median was 21.77.

SZSE:003000's Days Payable is ranked worse than
81.89% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 46.12 vs SZSE:003000: 23.16

Jinzai Food Group Co's Days Payable declined from Mar. 2023 (28.12) to Mar. 2024 (23.72). It may suggest that Jinzai Food Group Co accelerated paying its suppliers.

Jinzai Food Group Co Days Payable Historical Data

The historical data trend for Jinzai Food Group 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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Jinzai Food Group Co Days Payable Chart

Jinzai Food Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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20.68

18.70

20.18

26.41

25.66

Jinzai Food Group 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															28.12	23.95	21.08	25.05	23.72

Competitive Comparison of Jinzai Food Group Co's Days Payable

For the Packaged Foods subindustry, Jinzai Food Group 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.

Jinzai Food Group Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Jinzai Food Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jinzai Food Group Co's Days Payable falls into.

Jinzai Food Group 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.

Jinzai Food Group 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
=	( (100.338	+	108.233)	/	2 )	/	1483.51	*	365
=	104.2855					/	1483.51	*	365
=	25.66

Jinzai Food Group 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
=	( (108.233	+	88.253)	/	2 )	/	377.865	*	365 / 4
=	98.243					/	377.865	*	365 / 4
=	23.72

Jinzai Food Group Co Days Payable Related Terms

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Jinzai Food Group Co (SZSE:003000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Jinzai Food Group Co Ltd (SZSE:003000) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Pingjiang Industrial Park, Hunan Province, Wushi Town, Pingjiang County, Yueyang, CHN, 414517

Website

Jinzai Food Group Co Ltd formerly Huawen Food Co Ltd is primarily involved in the pre-packaged food and bulk food business. The business activities of the company include production and sales of traditional flavor snack foods such as flavored fish and flavored dried bean curd.

Executives

Su Che Hui	Executives
Liu Te Yuan	Directors, executives

Jinzai Food Group Co (SZSE:003000) Headlines

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