Jiangsuinty (SHSE:600287) Days Payable : 51.28 (As of Mar. 2024)

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What is Jiangsuinty Days Payable?

Jiangsuinty's average Accounts Payable for the three months ended in Mar. 2024 was ¥379 Mil. Jiangsuinty's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥674 Mil. Hence, Jiangsuinty's Days Payable for the three months ended in Mar. 2024 was 51.28.

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

SHSE:600287' s Days Payable Range Over the Past 10 Years
Min: 62.61 Med: 79.19 Max: 227.95
Current: 72.5

During the past 13 years, Jiangsuinty's highest Days Payable was 227.95. The lowest was 62.61. And the median was 79.19.

SHSE:600287's Days Payable is ranked better than
71.33% of 143 companies
in the Industrial Distribution industry
Industry Median: 52.83 vs SHSE:600287: 72.50

Jiangsuinty's Days Payable declined from Mar. 2023 (72.29) to Mar. 2024 (51.28). It may suggest that Jiangsuinty accelerated paying its suppliers.

Jiangsuinty Days Payable Historical Data

The historical data trend for Jiangsuinty'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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Jiangsuinty Days Payable Chart

Jiangsuinty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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100.31

227.95

150.60

75.70

67.22

Jiangsuinty 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															72.29	101.24	76.82	63.45	51.28

Competitive Comparison of Jiangsuinty's Days Payable

For the Industrial Distribution subindustry, Jiangsuinty'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.

Jiangsuinty's Days Payable Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Jiangsuinty's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangsuinty's Days Payable falls into.

Jiangsuinty 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.

Jiangsuinty'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
=	( (683.46	+	375.187)	/	2 )	/	2874.334	*	365
=	529.3235					/	2874.334	*	365
=	67.22

Jiangsuinty'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
=	( (375.187	+	382.236)	/	2 )	/	673.859	*	365 / 4
=	378.7115					/	673.859	*	365 / 4
=	51.28

Jiangsuinty Days Payable Related Terms

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Jiangsuinty (SHSE:600287) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Jiangsu Sainty Corp Ltd (SHSE:600287) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 21 Software Avenue, Building B, Yuhuatai District, Jiangsu Province, Nanjing, CHN, 210012

Website

http://www.saintycorp.com

Jiangsu Sainty Corp Ltd is engaged in the export and import business, primarily with regards to the garment industry. The company also engages in real estate, cargo transportation, and the production of chemical products.

Executives

Jiang Ming	senior management
Ni Xiao Fei	senior management
Li Yan	senior management
Gui Sheng Chun	Director
Wang Zhong Ren	senior management
Wei Qing Wen	Supervisors
Jin Guo Jun	Director
Cao Xiao Jian	senior management
Lu Xiao Wei	Supervisors
Lu Yun Wei	senior management
Zhang Ping	senior management
Yang Qing Feng	senior management
Dong Qi Bin	Director
Hua Wei	Supervisors
Cheng Jun	Director

Jiangsuinty (SHSE:600287) Headlines

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