Fujian Qingshan Paper Industry Co (SHSE:600103) Days Payable : 120.87 (As of Mar. 2024)

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What is Fujian Qingshan Paper Industry Co Days Payable?

Fujian Qingshan Paper Industry Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥748 Mil. Fujian Qingshan Paper Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥565 Mil. Hence, Fujian Qingshan Paper Industry Co's Days Payable for the three months ended in Mar. 2024 was 120.87.

The historical rank and industry rank for Fujian Qingshan Paper Industry Co's Days Payable or its related term are showing as below:

SHSE:600103' s Days Payable Range Over the Past 10 Years
Min: 54.34 Med: 84.25 Max: 123.34
Current: 107.41

During the past 13 years, Fujian Qingshan Paper Industry Co's highest Days Payable was 123.34. The lowest was 54.34. And the median was 84.25.

SHSE:600103's Days Payable is ranked better than
83.63% of 281 companies
in the Forest Products industry
Industry Median: 56.57 vs SHSE:600103: 107.41

Fujian Qingshan Paper Industry Co's Days Payable declined from Mar. 2023 (123.91) to Mar. 2024 (120.87). It may suggest that Fujian Qingshan Paper Industry Co accelerated paying its suppliers.

Fujian Qingshan Paper Industry Co Days Payable Historical Data

The historical data trend for Fujian Qingshan Paper Industry 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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Fujian Qingshan Paper Industry Co Days Payable Chart

Fujian Qingshan Paper Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

100.03

84.12

70.04

100.90

123.34

Fujian Qingshan Paper Industry 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															123.91	107.34	104.44	88.87	120.87

Competitive Comparison of Fujian Qingshan Paper Industry Co's Days Payable

For the Paper & Paper Products subindustry, Fujian Qingshan Paper Industry 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.

Fujian Qingshan Paper Industry Co's Days Payable Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Fujian Qingshan Paper Industry Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Fujian Qingshan Paper Industry Co's Days Payable falls into.

Fujian Qingshan Paper Industry 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.

Fujian Qingshan Paper Industry 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
=	( (744.32	+	755.004)	/	2 )	/	2218.516	*	365
=	749.662					/	2218.516	*	365
=	123.34

Fujian Qingshan Paper Industry 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
=	( (755.004	+	740.724)	/	2 )	/	564.587	*	365 / 4
=	747.864					/	564.587	*	365 / 4
=	120.87

Fujian Qingshan Paper Industry Co Days Payable Related Terms

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Fujian Qingshan Paper Industry Co (SHSE:600103) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Fujian Qingshan Paper Industry Co Ltd (SHSE:600103) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Junzhu Road, Mawei Economic and Technology Development Zone, Fuzhou, Fujian, CHN, 365506

Website

http://www.qingshanpaper.com

Fujian Qingshan Paper Industry Co Ltd is a China-based company engaged in the production and sales of paper products. Its principal products cover paper bags, pulp board, paperboard and corrugated paper products, paper products, optoelectronic products and forest products. The company distributes its products in domestic and overseas markets.

Fujian Qingshan Paper Industry Co (SHSE:600103) Headlines

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