Fujian Longking Co (SHSE:600388) Days Payable : 272.20 (As of Mar. 2024)

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What is Fujian Longking Co Days Payable?

Fujian Longking Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥5,281 Mil. Fujian Longking Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,770 Mil. Hence, Fujian Longking Co's Days Payable for the three months ended in Mar. 2024 was 272.20.

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

SHSE:600388' s Days Payable Range Over the Past 10 Years
Min: 150.9 Med: 185.89 Max: 234.84
Current: 217.73

During the past 13 years, Fujian Longking Co's highest Days Payable was 234.84. The lowest was 150.90. And the median was 185.89.

SHSE:600388's Days Payable is ranked better than
88.66% of 2928 companies
in the Industrial Products industry
Industry Median: 76.5 vs SHSE:600388: 217.73

Fujian Longking Co's Days Payable increased from Mar. 2023 (239.12) to Mar. 2024 (272.20). It may suggest that Fujian Longking Co delayed paying its suppliers.

Fujian Longking Co Days Payable Historical Data

The historical data trend for Fujian Longking 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 Longking Co Days Payable Chart

Fujian Longking Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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175.45

205.13

196.32

203.19

234.84

Fujian Longking 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															239.12	225.18	218.42	177.24	272.20

Competitive Comparison of Fujian Longking Co's Days Payable

For the Pollution & Treatment Controls subindustry, Fujian Longking 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 Longking Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fujian Longking Co's Days Payable distribution charts can be found below:

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

Fujian Longking 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 Longking 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
=	( (5252.515	+	5523.661)	/	2 )	/	8374.453	*	365
=	5388.088					/	8374.453	*	365
=	234.84

Fujian Longking 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
=	( (5523.661	+	5038.66)	/	2 )	/	1770.412	*	365 / 4
=	5281.1605					/	1770.412	*	365 / 4
=	272.20

Fujian Longking Co Days Payable Related Terms

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Fujian Longking Co (SHSE:600388) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fujian Longking Co Ltd (SHSE:600388) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 81 Lingyuan Road, Xinluo District, Longyan, Fujian, CHN, 364000

Website

http://www.longking.com.cn

Fujian Longking Co Ltd is a atmospheric environmental protection equipment manufacturing company.It researches, develops, manufactures, and sells electrostatic precipitators, flue gas desulfuration units, air pollution control equipment, and other environmental protection products.

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