AA Industrial Belting (Shanghai) Co (SHSE:603580) Days Payable : 121.92 (As of Mar. 2024)

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What is AA Industrial Belting (Shanghai) Co Days Payable?

AA Industrial Belting (Shanghai) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥29.6 Mil. AA Industrial Belting (Shanghai) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥22.2 Mil. Hence, AA Industrial Belting (Shanghai) Co's Days Payable for the three months ended in Mar. 2024 was 121.92.

The historical rank and industry rank for AA Industrial Belting (Shanghai) Co's Days Payable or its related term are showing as below:

SHSE:603580' s Days Payable Range Over the Past 10 Years
Min: 27.07 Med: 34.07 Max: 120.1
Current: 104.94

During the past 13 years, AA Industrial Belting (Shanghai) Co's highest Days Payable was 120.10. The lowest was 27.07. And the median was 34.07.

SHSE:603580's Days Payable is ranked better than
64.64% of 2933 companies
in the Industrial Products industry
Industry Median: 76.41 vs SHSE:603580: 104.94

AA Industrial Belting (Shanghai) Co's Days Payable declined from Mar. 2023 (152.75) to Mar. 2024 (121.92). It may suggest that AA Industrial Belting (Shanghai) Co accelerated paying its suppliers.

AA Industrial Belting (Shanghai) Co Days Payable Historical Data

The historical data trend for AA Industrial Belting (Shanghai) 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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AA Industrial Belting (Shanghai) Co Days Payable Chart

AA Industrial Belting (Shanghai) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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35.73

53.21

70.68

108.00

120.10

AA Industrial Belting (Shanghai) 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															152.75	101.99	115.01	86.82	121.92

Competitive Comparison of AA Industrial Belting (Shanghai) Co's Days Payable

For the Specialty Industrial Machinery subindustry, AA Industrial Belting (Shanghai) 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.

AA Industrial Belting (Shanghai) Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, AA Industrial Belting (Shanghai) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where AA Industrial Belting (Shanghai) Co's Days Payable falls into.

AA Industrial Belting (Shanghai) 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.

AA Industrial Belting (Shanghai) 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
=	( (36.109	+	31.093)	/	2 )	/	102.117	*	365
=	33.601					/	102.117	*	365
=	120.10

AA Industrial Belting (Shanghai) 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
=	( (31.093	+	28.129)	/	2 )	/	22.162	*	365 / 4
=	29.611					/	22.162	*	365 / 4
=	121.92

AA Industrial Belting (Shanghai) Co Days Payable Related Terms

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AA Industrial Belting (Shanghai) Co (SHSE:603580) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AA Industrial Belting (Shanghai) Co Ltd (SHSE:603580) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

580 Xiangyin Road, Shanghai, CHN, 200433

Website

http://www.aabelt.com.cn

AA Industrial Belting (Shanghai) Co Ltd is specialized in the research and development of light conveyor belts. Its main products include thermoplastic urethane (TPU) conveyor belts, thermoplastic polyester elastomeric (TPEE) conveyor belts, polyvinyl chloride (PVC) conveyor belts, polyethylene (PE) conveyor belts and seamless conveyor belts. Its product is widely used in food processing, airport logistics, textile printing, automotive and steel processing, tire, tobacco, and aluminum industry.

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