Shandong Sunpaper Co (SZSE:002078) Days Payable : 56.66 (As of Dec. 2023)

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What is Shandong Sunpaper Co Days Payable?

Shandong Sunpaper Co's average Accounts Payable for the three months ended in Dec. 2023 was ¥5,322 Mil. Shandong Sunpaper Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥8,571 Mil. Hence, Shandong Sunpaper Co's Days Payable for the three months ended in Dec. 2023 was 56.66.

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

SZSE:002078' s Days Payable Range Over the Past 10 Years
Min: 54.03 Med: 70.44 Max: 95.71
Current: 56.18

During the past 13 years, Shandong Sunpaper Co's highest Days Payable was 95.71. The lowest was 54.03. And the median was 70.44.

SZSE:002078's Days Payable is ranked worse than
50.36% of 280 companies
in the Forest Products industry
Industry Median: 56.375 vs SZSE:002078: 56.18

Shandong Sunpaper Co's Days Payable increased from Dec. 2022 (54.06) to Dec. 2023 (56.66). It may suggest that Shandong Sunpaper Co delayed paying its suppliers.

Shandong Sunpaper Co Days Payable Historical Data

The historical data trend for Shandong Sunpaper 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 Sunpaper Co Days Payable Chart

Shandong Sunpaper Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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84.42

57.89

54.73

54.84

54.03

Shandong Sunpaper 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															54.06	53.10	56.60	60.65	56.66

Competitive Comparison of Shandong Sunpaper Co's Days Payable

For the Paper & Paper Products subindustry, Shandong Sunpaper 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 Sunpaper Co's Days Payable Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Shandong Sunpaper Co's Days Payable distribution charts can be found below:

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

Shandong Sunpaper 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 Sunpaper 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
=	( (5031.848	+	4814.993)	/	2 )	/	33260.521	*	365
=	4923.4205					/	33260.521	*	365
=	54.03

Shandong Sunpaper 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
=	( (5828.433	+	4814.993)	/	2 )	/	8571.158	*	365 / 4
=	5321.713					/	8571.158	*	365 / 4
=	56.66

Shandong Sunpaper Co Days Payable Related Terms

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Shandong Sunpaper Co (SZSE:002078) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shandong Sunpaper Co Ltd (SZSE:002078) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 1 Youyi Road, Shandong Province, Yanzhou District, Jining, CHN, 272100

Website

http://www.sunpapergroup.com

Shandong Sunpaper Co Ltd is a China-based paper making company. It manufactures and distributes paper products. The company's product lines includes premium coated packaging paperboard, high-class art paper, high-class cultural and office paper, specialty fiber dissolving pulp, household paper, and industrial paper. Its main brands include Golden Sun, Huaxia Sun, Brilliant Sun, Weier, Lecopy, Koolprint, Sun Elements, Suyappy, International Radiance, International Sun and International Union. The company has a presence in Laos and the United States of America.

Shandong Sunpaper Co (SZSE:002078) Headlines

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