Lanpec Technologies Co (SHSE:601798) Days Payable : 555.65 (As of Mar. 2024)

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What is Lanpec Technologies Co Days Payable?

Lanpec Technologies Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥424 Mil. Lanpec Technologies Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥70 Mil. Hence, Lanpec Technologies Co's Days Payable for the three months ended in Mar. 2024 was 555.65.

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

SHSE:601798' s Days Payable Range Over the Past 10 Years
Min: 162.38 Med: 192.81 Max: 277.76
Current: 184.47

During the past 13 years, Lanpec Technologies Co's highest Days Payable was 277.76. The lowest was 162.38. And the median was 192.81.

SHSE:601798's Days Payable is ranked better than
80.98% of 899 companies
in the Oil & Gas industry
Industry Median: 61.11 vs SHSE:601798: 184.47

Lanpec Technologies Co's Days Payable increased from Mar. 2023 (490.43) to Mar. 2024 (555.65). It may suggest that Lanpec Technologies Co delayed paying its suppliers.

Lanpec Technologies Co Days Payable Historical Data

The historical data trend for Lanpec Technologies 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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Lanpec Technologies Co Days Payable Chart

Lanpec Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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193.34

162.38

185.49

204.51

173.92

Lanpec Technologies 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															490.43	149.25	157.19	173.45	555.65

Competitive Comparison of Lanpec Technologies Co's Days Payable

For the Oil & Gas Equipment & Services subindustry, Lanpec Technologies 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.

Lanpec Technologies Co's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Lanpec Technologies Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Lanpec Technologies Co's Days Payable falls into.

Lanpec Technologies 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.

Lanpec Technologies 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
=	( (450.704	+	463.467)	/	2 )	/	959.285	*	365
=	457.0855					/	959.285	*	365
=	173.92

Lanpec Technologies 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
=	( (463.467	+	385.141)	/	2 )	/	69.68	*	365 / 4
=	424.304					/	69.68	*	365 / 4
=	555.65

Lanpec Technologies Co Days Payable Related Terms

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Lanpec Technologies Co (SHSE:601798) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Lanpec Technologies Co Ltd (SHSE:601798) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 338 Wanxin Road, Anning District, Lanzhou, CHN, 730070

Website

http://www.lanpec.com

Lanpec Technologies Co Ltd is engaged in the oil drilling machinery and equipment, refining and chemical equipment, marine and desert petroleum equipment and engineering, refining and chemical processing, and light industry and food machinery research.

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