Jiangsu Eastern Shenghong Co (SZSE:000301) Days Payable : 50.14 (As of Mar. 2024)

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What is Jiangsu Eastern Shenghong Co Days Payable?

Jiangsu Eastern Shenghong Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥17,989 Mil. Jiangsu Eastern Shenghong Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥32,740 Mil. Hence, Jiangsu Eastern Shenghong Co's Days Payable for the three months ended in Mar. 2024 was 50.14.

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

SZSE:000301' s Days Payable Range Over the Past 10 Years
Min: 25.19 Med: 78.93 Max: 302.79
Current: 46.29

During the past 13 years, Jiangsu Eastern Shenghong Co's highest Days Payable was 302.79. The lowest was 25.19. And the median was 78.93.

SZSE:000301's Days Payable is ranked worse than
59.31% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.73 vs SZSE:000301: 46.29

Jiangsu Eastern Shenghong Co's Days Payable declined from Mar. 2023 (59.71) to Mar. 2024 (50.14). It may suggest that Jiangsu Eastern Shenghong Co accelerated paying its suppliers.

Jiangsu Eastern Shenghong Co Days Payable Historical Data

The historical data trend for Jiangsu Eastern Shenghong 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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Jiangsu Eastern Shenghong Co Days Payable Chart

Jiangsu Eastern Shenghong Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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75.10

82.76

115.31

107.08

47.44

Jiangsu Eastern Shenghong 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															59.71	44.77	42.09	43.83	50.14

Competitive Comparison of Jiangsu Eastern Shenghong Co's Days Payable

For the Textile Manufacturing subindustry, Jiangsu Eastern Shenghong 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.

Jiangsu Eastern Shenghong Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Jiangsu Eastern Shenghong Co's Days Payable falls into.

Jiangsu Eastern Shenghong 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.

Jiangsu Eastern Shenghong 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
=	( (16049.981	+	16341.206)	/	2 )	/	124613.404	*	365
=	16195.5935					/	124613.404	*	365
=	47.44

Jiangsu Eastern Shenghong 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
=	( (16341.206	+	19637.188)	/	2 )	/	32739.677	*	365 / 4
=	17989.197					/	32739.677	*	365 / 4
=	50.14

Jiangsu Eastern Shenghong Co Days Payable Related Terms

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Jiangsu Eastern Shenghong Co (SZSE:000301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Jiangsu Eastern Shenghong Co Ltd (SZSE:000301) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.73, East Market Road, Shengze Town, Wujiang District, Jiangsu, Suzhou, CHN, 215228

Website

http://www.cesm.com.cn

Jiangsu Eastern Shenghong Co Ltd is primarily engaged in the manufacture of textiles. Its main products include textile raw materials, knitting textiles, dyed and printed silk and chemical fiber textiles. The company specializes in the research, development, production, and sales of civilian polyester filament products.

Executives

Qiu Hai Rong	Directors, executives
Ni Gen Yuan	Supervisors
Wang Jun	Directors, executives
Ji Gao Xiong	Directors, executives
Wang Ning	Supervisors
Shi Bin Feng	Director
Chen Tan	Supervisors
Zhang Yun Xia	Supervisors

Jiangsu Eastern Shenghong Co (SZSE:000301) Headlines

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