Xiamen Tungsten Co (SHSE:600549) Days Payable : 71.34 (As of Mar. 2024)

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What is Xiamen Tungsten Co Days Payable?

Xiamen Tungsten Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥5,386 Mil. Xiamen Tungsten Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥6,890 Mil. Hence, Xiamen Tungsten Co's Days Payable for the three months ended in Mar. 2024 was 71.34.

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

SHSE:600549' s Days Payable Range Over the Past 10 Years
Min: 50.53 Med: 64.43 Max: 118.89
Current: 54.91

During the past 13 years, Xiamen Tungsten Co's highest Days Payable was 118.89. The lowest was 50.53. And the median was 64.43.

SHSE:600549's Days Payable is ranked worse than
71.76% of 1066 companies
in the Metals & Mining industry
Industry Median: 130.44 vs SHSE:600549: 54.91

Xiamen Tungsten Co's Days Payable declined from Mar. 2023 (76.48) to Mar. 2024 (71.34). It may suggest that Xiamen Tungsten Co accelerated paying its suppliers.

Xiamen Tungsten Co Days Payable Historical Data

The historical data trend for Xiamen Tungsten 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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Xiamen Tungsten Co Days Payable Chart

Xiamen Tungsten Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

58.97

55.50

65.70

60.49

69.40

Xiamen Tungsten 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															76.48	47.02	44.86	59.14	71.34

Competitive Comparison of Xiamen Tungsten Co's Days Payable

For the Other Industrial Metals & Mining subindustry, Xiamen Tungsten 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.

Xiamen Tungsten Co's Days Payable Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Xiamen Tungsten Co's Days Payable falls into.

Xiamen Tungsten 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.

Xiamen Tungsten 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
=	( (6940.858	+	5566.319)	/	2 )	/	32888.087	*	365
=	6253.5885					/	32888.087	*	365
=	69.40

Xiamen Tungsten 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
=	( (5566.319	+	5206.055)	/	2 )	/	6889.653	*	365 / 4
=	5386.187					/	6889.653	*	365 / 4
=	71.34

Xiamen Tungsten Co Days Payable Related Terms

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Xiamen Tungsten Co (SHSE:600549) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xiamen Tungsten Co Ltd (SHSE:600549) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Number 619 Hubin South Road, 16th Floor, Xiamen, Fujian, CHN, 361004

Website

http://www.cxtc.com

Xiamen Tungsten Co Ltd is engaged in smelting, processing, and developing tungsten, molybdenum, and rare earth metals in the People's Republic of China. It offers tungsten concentrates, such as WO3, WOX, RTP, tungsten powders, cast WC, cemented carbide rods, tungsten steel products, tungsten bars and tungsten wires. The company is also engaged in Rare Earth Business, Molybdenum Business, New Energy Materials Business and Real Estate Business.

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