Anhui Korrun Co (SZSE:300577) Days Payable : 74.44 (As of Mar. 2024)

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What is Anhui Korrun Co Days Payable?

Anhui Korrun Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥563 Mil. Anhui Korrun Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥690 Mil. Hence, Anhui Korrun Co's Days Payable for the three months ended in Mar. 2024 was 74.44.

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

SZSE:300577' s Days Payable Range Over the Past 10 Years
Min: 74.2 Med: 120.46 Max: 163.49
Current: 74.2

During the past 12 years, Anhui Korrun Co's highest Days Payable was 163.49. The lowest was 74.20. And the median was 120.46.

SZSE:300577's Days Payable is ranked better than
63.73% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.86 vs SZSE:300577: 74.20

Anhui Korrun Co's Days Payable increased from Mar. 2023 (70.27) to Mar. 2024 (74.44). It may suggest that Anhui Korrun Co delayed paying its suppliers.

Anhui Korrun Co Days Payable Historical Data

The historical data trend for Anhui Korrun 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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Anhui Korrun Co Days Payable Chart

Anhui Korrun Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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119.69

163.49

121.22

93.97

86.34

Anhui Korrun 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															70.27	61.08	82.55	87.81	74.44

Competitive Comparison of Anhui Korrun Co's Days Payable

For the Footwear & Accessories subindustry, Anhui Korrun 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.

Anhui Korrun Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Anhui Korrun Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Anhui Korrun Co's Days Payable falls into.

Anhui Korrun 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.

Anhui Korrun 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
=	( (500.749	+	610.455)	/	2 )	/	2348.801	*	365
=	555.602					/	2348.801	*	365
=	86.34

Anhui Korrun 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
=	( (610.455	+	515.366)	/	2 )	/	690.037	*	365 / 4
=	562.9105					/	690.037	*	365 / 4
=	74.44

Anhui Korrun Co Days Payable Related Terms

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Anhui Korrun Co (SZSE:300577) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Anhui Korrun Co Ltd (SZSE:300577) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1555, Tongle East Road, Anhui Province, Nanxun District, Chenzhou, CHN, 239000

Website

http://www.korrun.com

Anhui Korrun Co Ltd is engaged in design, development and sales of luggage and lifestyle accessories. Its products include backpacks, briefcases, templates of smartphones and PADs, luggage, and outdoor and sports products.

Executives

Gao Xiao Min	Directors, executives
Fan Jin Song	Directors, executives
Zhong Zhi Guo	Directors, executives
Ding Li Jun	Executives
Cai Gang	Supervisors
Fan Li Juan	Supervisors

Anhui Korrun Co (SZSE:300577) Headlines

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