Changzhou Langbo Sealing Technologies Co (SHSE:603655) Days Payable : 55.77 (As of Mar. 2024)

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What is Changzhou Langbo Sealing Technologies Co Days Payable?

Changzhou Langbo Sealing Technologies Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥18.8 Mil. Changzhou Langbo Sealing Technologies Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥30.7 Mil. Hence, Changzhou Langbo Sealing Technologies Co's Days Payable for the three months ended in Mar. 2024 was 55.77.

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

SHSE:603655' s Days Payable Range Over the Past 10 Years
Min: 41.23 Med: 65.57 Max: 109.44
Current: 41.23

During the past 11 years, Changzhou Langbo Sealing Technologies Co's highest Days Payable was 109.44. The lowest was 41.23. And the median was 65.57.

SHSE:603655's Days Payable is ranked worse than
74.42% of 1259 companies
in the Vehicles & Parts industry
Industry Median: 65.87 vs SHSE:603655: 41.23

Changzhou Langbo Sealing Technologies Co's Days Payable increased from Mar. 2023 (42.12) to Mar. 2024 (55.77). It may suggest that Changzhou Langbo Sealing Technologies Co delayed paying its suppliers.

Changzhou Langbo Sealing Technologies Co Days Payable Historical Data

The historical data trend for Changzhou Langbo Sealing 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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Changzhou Langbo Sealing Technologies Co Days Payable Chart

Changzhou Langbo Sealing Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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68.67

53.66

43.62

43.48

45.60

Changzhou Langbo Sealing 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															42.12	34.16	38.08	41.52	55.77

Competitive Comparison of Changzhou Langbo Sealing Technologies Co's Days Payable

For the Auto Parts subindustry, Changzhou Langbo Sealing 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.

Changzhou Langbo Sealing Technologies Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Changzhou Langbo Sealing Technologies Co's Days Payable distribution charts can be found below:

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

Changzhou Langbo Sealing 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.

Changzhou Langbo Sealing 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
=	( (13.06	+	19.879)	/	2 )	/	131.815	*	365
=	16.4695					/	131.815	*	365
=	45.60

Changzhou Langbo Sealing 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
=	( (19.879	+	17.638)	/	2 )	/	30.69	*	365 / 4
=	18.7585					/	30.69	*	365 / 4
=	55.77

Changzhou Langbo Sealing Technologies Co Days Payable Related Terms

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Changzhou Langbo Sealing Technologies Co (SHSE:603655) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Changzhou Langbo Sealing Technologies Co Ltd (SHSE:603655) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 1, Jinbo Road, Yaotang Street, Jintan District, Jiangsu Province, Changzhou, CHN, 213200

Website

http://www.jmp-seal.com

Changzhou Langbo Sealing Technologies Co Ltd produces rubber sealing parts and rubber products. The company's products are used in various industries including automotive, rail transit, machine-made and other fields including aviation.

Changzhou Langbo Sealing Technologies Co (SHSE:603655) Headlines

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