Yechiu Metal Recycling (China) (SHSE:601388) Days Payable : 18.63 (As of Mar. 2024)

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What is Yechiu Metal Recycling (China) Days Payable?

Yechiu Metal Recycling (China)'s average Accounts Payable for the three months ended in Mar. 2024 was ¥298 Mil. Yechiu Metal Recycling (China)'s Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,461 Mil. Hence, Yechiu Metal Recycling (China)'s Days Payable for the three months ended in Mar. 2024 was 18.63.

The historical rank and industry rank for Yechiu Metal Recycling (China)'s Days Payable or its related term are showing as below:

SHSE:601388' s Days Payable Range Over the Past 10 Years
Min: 6.44 Med: 12.25 Max: 18.52
Current: 15.25

During the past 13 years, Yechiu Metal Recycling (China)'s highest Days Payable was 18.52. The lowest was 6.44. And the median was 12.25.

SHSE:601388's Days Payable is ranked worse than
94.85% of 1068 companies
in the Metals & Mining industry
Industry Median: 131.36 vs SHSE:601388: 15.25

Yechiu Metal Recycling (China)'s Days Payable increased from Mar. 2023 (15.04) to Mar. 2024 (18.63). It may suggest that Yechiu Metal Recycling (China) delayed paying its suppliers.

Yechiu Metal Recycling (China) Days Payable Historical Data

The historical data trend for Yechiu Metal Recycling (China)'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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Yechiu Metal Recycling (China) Days Payable Chart

Yechiu Metal Recycling (China) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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12.42

14.11

13.58

15.34

18.52

Yechiu Metal Recycling (China) 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															15.04	13.33	13.63	16.78	18.63

Competitive Comparison of Yechiu Metal Recycling (China)'s Days Payable

For the Aluminum subindustry, Yechiu Metal Recycling (China)'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.

Yechiu Metal Recycling (China)'s Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Yechiu Metal Recycling (China)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Yechiu Metal Recycling (China)'s Days Payable falls into.

Yechiu Metal Recycling (China) 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.

Yechiu Metal Recycling (China)'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
=	( (287.325	+	347.494)	/	2 )	/	6254.13	*	365
=	317.4095					/	6254.13	*	365
=	18.52

Yechiu Metal Recycling (China)'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
=	( (347.494	+	248.858)	/	2 )	/	1460.746	*	365 / 4
=	298.176					/	1460.746	*	365 / 4
=	18.63

Yechiu Metal Recycling (China) Days Payable Related Terms

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Yechiu Metal Recycling (China) (SHSE:601388) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Yechiu Metal Recycling (China) Ltd (SHSE:601388) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.88 Hufuhuang Road, Fuqiao Town, Jiangsu, Taicang, CHN

Website

http://www.yechiu.com.cn

Yechiu Metal Recycling (China) Ltd is engaged in the recycling, sorting, processing, melting and processing of metal resources. It involves in the collection of aluminum scrap resources from waste automobiles, construction materials, home appliances, etc. Its products are aluminum alloy ingots of various specifications and models. The products are widely used in automobiles, electrical appliances, machinery, construction, electricity, transportation, computers, packaging, hardware and other fields.

Yechiu Metal Recycling (China) (SHSE:601388) Headlines

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