Shandong Daye Co (SHSE:603278) Days Payable : 122.17 (As of Mar. 2024)

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What is Shandong Daye Co Days Payable?

Shandong Daye Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,547 Mil. Shandong Daye Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,155 Mil. Hence, Shandong Daye Co's Days Payable for the three months ended in Mar. 2024 was 122.17.

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

SHSE:603278' s Days Payable Range Over the Past 10 Years
Min: 100.19 Med: 150.09 Max: 255.2
Current: 100.19

During the past 11 years, Shandong Daye Co's highest Days Payable was 255.20. The lowest was 100.19. And the median was 150.09.

SHSE:603278's Days Payable is ranked better than
62.65% of 2924 companies
in the Industrial Products industry
Industry Median: 76.835 vs SHSE:603278: 100.19

Shandong Daye Co's Days Payable increased from Mar. 2023 (99.25) to Mar. 2024 (122.17). It may suggest that Shandong Daye Co delayed paying its suppliers.

Shandong Daye Co Days Payable Historical Data

The historical data trend for Shandong Daye 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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Shandong Daye Co Days Payable Chart

Shandong Daye Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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215.48

255.20

189.73

139.70

103.81

Shandong Daye 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															99.25	87.91	87.58	107.66	122.17

Competitive Comparison of Shandong Daye Co's Days Payable

For the Metal Fabrication subindustry, Shandong Daye 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.

Shandong Daye Co's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Shandong Daye Co's Days Payable falls into.

Shandong Daye 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.

Shandong Daye 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
=	( (1347.586	+	1552.092)	/	2 )	/	5097.766	*	365
=	1449.839					/	5097.766	*	365
=	103.81

Shandong Daye 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
=	( (1552.092	+	1541.027)	/	2 )	/	1155.165	*	365 / 4
=	1546.5595					/	1155.165	*	365 / 4
=	122.17

Shandong Daye Co Days Payable Related Terms

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Shandong Daye Co (SHSE:603278) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong Daye Co Ltd (SHSE:603278) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhu Zhu Road, Xinxing Economic and Industrial Park, Shandong Province, Zhucheng, CHN, 262218

Website

http://www.ccdaye.com

Shandong Daye Co Ltd is engaged in the bead wire, steel cord and hose wires. Its customers include tyre manufacturers such as ZC Rubber, Cheng xin, CST, Double Coin, and Aeolus Tyre. The company has established the National Rubber Frame Material Standard R&D Base, Petroleum and Chemical Industry High-Performance Bead Wire Research Center, and Shandong High-Performance Bead Wire Engineering.

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