Ningbo Boway Alloy Material Co (SHSE:601137) Days Payable : 51.52 (As of Dec. 2023)

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What is Ningbo Boway Alloy Material Co Days Payable?

Ningbo Boway Alloy Material Co's average Accounts Payable for the three months ended in Dec. 2023 was ¥2,239 Mil. Ningbo Boway Alloy Material Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥3,966 Mil. Hence, Ningbo Boway Alloy Material Co's Days Payable for the three months ended in Dec. 2023 was 51.52.

The historical rank and industry rank for Ningbo Boway Alloy Material Co's Days Payable or its related term are showing as below:

SHSE:601137' s Days Payable Range Over the Past 10 Years
Min: 22.72 Med: 43.06 Max: 56.62
Current: 54.1

During the past 13 years, Ningbo Boway Alloy Material Co's highest Days Payable was 56.62. The lowest was 22.72. And the median was 43.06.

SHSE:601137's Days Payable is ranked worse than
71.92% of 1065 companies
in the Metals & Mining industry
Industry Median: 129.97 vs SHSE:601137: 54.10

Ningbo Boway Alloy Material Co's Days Payable declined from Dec. 2022 (56.67) to Dec. 2023 (51.52). It may suggest that Ningbo Boway Alloy Material Co accelerated paying its suppliers.

Ningbo Boway Alloy Material Co Days Payable Historical Data

The historical data trend for Ningbo Boway Alloy Material 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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Ningbo Boway Alloy Material Co Days Payable Chart

Ningbo Boway Alloy Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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40.46

51.70

51.16

56.62

51.32

Ningbo Boway Alloy Material Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															56.67	68.18	51.68	51.46	51.52

Competitive Comparison of Ningbo Boway Alloy Material Co's Days Payable

For the Copper subindustry, Ningbo Boway Alloy Material 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.

Ningbo Boway Alloy Material Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Ningbo Boway Alloy Material Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ningbo Boway Alloy Material Co's Days Payable falls into.

Ningbo Boway Alloy Material 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.

Ningbo Boway Alloy Material 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
=	( (2139.794	+	1991.704)	/	2 )	/	14692.82	*	365
=	2065.749					/	14692.82	*	365
=	51.32

Ningbo Boway Alloy Material Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2487.07	+	1991.704)	/	2 )	/	3966.43	*	365 / 4
=	2239.387					/	3966.43	*	365 / 4
=	51.52

Ningbo Boway Alloy Material Co Days Payable Related Terms

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Ningbo Boway Alloy Material Co (SHSE:601137) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ningbo Boway Alloy Material Co Ltd (SHSE:601137) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Number 288 Honggang Road, Yinzhou Economic Development Zone,Yinzhou District, Zhejiang Province, Ningbo, CHN, 314145

Website

http://www.pwalloy.com

Ningbo Boway Alloy Material Co Ltd is engaged in researching, developing, producing and selling non-ferrous alloy materials in China and internationally. It offers environmental, high conductivity, special, bronze, nickel-silver, and brass alloy materials, as well as copper alloys; and high precision copper alloy strips. The company also offers copper-titanium-zirconium- zinc alloy materials; and energy products, such as monocrystalline black components, polycrystalline, and solar modules.

Ningbo Boway Alloy Material Co (SHSE:601137) Headlines

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