Nanjing Hanrui Cobalt Co (SZSE:300618) Days Payable : 62.13 (As of Mar. 2024)

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What is Nanjing Hanrui Cobalt Co Days Payable?

Nanjing Hanrui Cobalt Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥745 Mil. Nanjing Hanrui Cobalt Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,093 Mil. Hence, Nanjing Hanrui Cobalt Co's Days Payable for the three months ended in Mar. 2024 was 62.13.

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

SZSE:300618' s Days Payable Range Over the Past 10 Years
Min: 47.78 Med: 65.67 Max: 98.91
Current: 56.9

During the past 12 years, Nanjing Hanrui Cobalt Co's highest Days Payable was 98.91. The lowest was 47.78. And the median was 65.67.

SZSE:300618's Days Payable is ranked worse than
70.79% of 1068 companies
in the Metals & Mining industry
Industry Median: 130.44 vs SZSE:300618: 56.90

Nanjing Hanrui Cobalt Co's Days Payable increased from Mar. 2023 (56.06) to Mar. 2024 (62.13). It may suggest that Nanjing Hanrui Cobalt Co delayed paying its suppliers.

Nanjing Hanrui Cobalt Co Days Payable Historical Data

The historical data trend for Nanjing Hanrui Cobalt 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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Nanjing Hanrui Cobalt Co Days Payable Chart

Nanjing Hanrui Cobalt Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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54.33

89.00

77.79

56.57

61.40

Nanjing Hanrui Cobalt 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															56.06	54.75	42.93	71.27	62.13

Competitive Comparison of Nanjing Hanrui Cobalt Co's Days Payable

For the Copper subindustry, Nanjing Hanrui Cobalt 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.

Nanjing Hanrui Cobalt Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Nanjing Hanrui Cobalt Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Nanjing Hanrui Cobalt Co's Days Payable falls into.

Nanjing Hanrui Cobalt 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.

Nanjing Hanrui Cobalt 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
=	( (538.558	+	815.177)	/	2 )	/	4023.557	*	365
=	676.8675					/	4023.557	*	365
=	61.40

Nanjing Hanrui Cobalt 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
=	( (815.177	+	673.843)	/	2 )	/	1093.409	*	365 / 4
=	744.51					/	1093.409	*	365 / 4
=	62.13

Nanjing Hanrui Cobalt Co Days Payable Related Terms

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Nanjing Hanrui Cobalt Co (SZSE:300618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nanjing Hanrui Cobalt Co Ltd (SZSE:300618) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 115, Jinghuai Street, Jiangning Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 211100

Website

http://www.hrcobalt.com

Nanjing Hanrui Cobalt Co Ltd is a China-based company engaged in the extraction of cobalt and copper ore. The business activities of the group include development and deep processing of cobalt and copper mineral resources and forming an integrated industrial chain from mineral resources development and smelting the same to produce cobalt intermediate products and cobalt powder which guarantee the stable supply of resources. Geographically the group holds a marketing network in multiple countries and regions including South Korea, Japan, Germany, Switzerland, Israel, India, and the USA.

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