Shandong Zhonglu Oceanic Fisheries Co (SZSE:200992) Days Payable : 63.63 (As of Mar. 2024)

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What is Shandong Zhonglu Oceanic Fisheries Co Days Payable?

Shandong Zhonglu Oceanic Fisheries Co's average Accounts Payable for the three months ended in Mar. 2024 was HK$151 Mil. Shandong Zhonglu Oceanic Fisheries Co's Cost of Goods Sold for the three months ended in Mar. 2024 was HK$217 Mil. Hence, Shandong Zhonglu Oceanic Fisheries Co's Days Payable for the three months ended in Mar. 2024 was 63.63.

The historical rank and industry rank for Shandong Zhonglu Oceanic Fisheries Co's Days Payable or its related term are showing as below:

SZSE:200992' s Days Payable Range Over the Past 10 Years
Min: 25.3 Med: 38.66 Max: 51.77
Current: 47.26

During the past 13 years, Shandong Zhonglu Oceanic Fisheries Co's highest Days Payable was 51.77. The lowest was 25.30. And the median was 38.66.

SZSE:200992's Days Payable is ranked better than
51.14% of 1791 companies
in the Consumer Packaged Goods industry
Industry Median: 46.12 vs SZSE:200992: 47.26

Shandong Zhonglu Oceanic Fisheries Co's Days Payable increased from Mar. 2023 (52.06) to Mar. 2024 (63.63). It may suggest that Shandong Zhonglu Oceanic Fisheries Co delayed paying its suppliers.

Shandong Zhonglu Oceanic Fisheries Co Days Payable Historical Data

The historical data trend for Shandong Zhonglu Oceanic Fisheries 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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Shandong Zhonglu Oceanic Fisheries Co Days Payable Chart

Shandong Zhonglu Oceanic Fisheries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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39.50

33.00

25.30

39.53

47.80

Shandong Zhonglu Oceanic Fisheries 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															52.06	49.02	53.41	31.48	63.63

Competitive Comparison of Shandong Zhonglu Oceanic Fisheries Co's Days Payable

For the Packaged Foods subindustry, Shandong Zhonglu Oceanic Fisheries 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.

Shandong Zhonglu Oceanic Fisheries Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shandong Zhonglu Oceanic Fisheries Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong Zhonglu Oceanic Fisheries Co's Days Payable falls into.

Shandong Zhonglu Oceanic Fisheries 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.

Shandong Zhonglu Oceanic Fisheries 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
=	( (149.944	+	135.985)	/	2 )	/	1091.564	*	365
=	142.9645					/	1091.564	*	365
=	47.80

Shandong Zhonglu Oceanic Fisheries 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
=	( (135.985	+	166.601)	/	2 )	/	216.976	*	365 / 4
=	151.293					/	216.976	*	365 / 4
=	63.63

Shandong Zhonglu Oceanic Fisheries Co Days Payable Related Terms

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Shandong Zhonglu Oceanic Fisheries Co (SZSE:200992) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shandong Zhonglu Oceanic Fisheries Co Ltd (SZSE:200992) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 29 Miaoling Road, Laoshan District, Shandong Province, Qingdao, CHN, 266061

Website

http://www.zofco.cn

Shandong Zhonglu Oceanic Fisheries Co Ltd engages in the business of oceanic fishing. It primarily offers tuna and its products. It operates through the following segments: Oceanic Fishing, Vessels Leasing, Aquatic Products Processing, and Others. The company is also involved in the refrigeration, processing, and trading of aquatic products; and vessel leasing, refrigeration transportation, and other businesses. The firm's majority revenue comes from the Aquatic Products Processing segment. Its geographical segments are Japan, America, Russia, the European Union, South Korea, Israel, and other countries.

Executives

Chi Wei Zhen	Executives
Jiang Peng	Securities Affairs Representative

Shandong Zhonglu Oceanic Fisheries Co (SZSE:200992) Headlines

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