Guangdong Songyang Recycle Resources Co (SHSE:603863) Days Payable : 112.28 (As of Mar. 2024)

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What is Guangdong Songyang Recycle Resources Co Days Payable?

Guangdong Songyang Recycle Resources Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥181.1 Mil. Guangdong Songyang Recycle Resources Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥147.2 Mil. Hence, Guangdong Songyang Recycle Resources Co's Days Payable for the three months ended in Mar. 2024 was 112.28.

The historical rank and industry rank for Guangdong Songyang Recycle Resources Co's Days Payable or its related term are showing as below:

SHSE:603863' s Days Payable Range Over the Past 10 Years
Min: 12.82 Med: 33.47 Max: 88.24
Current: 88.24

During the past 12 years, Guangdong Songyang Recycle Resources Co's highest Days Payable was 88.24. The lowest was 12.82. And the median was 33.47.

SHSE:603863's Days Payable is ranked better than
77.14% of 280 companies
in the Forest Products industry
Industry Median: 56.585 vs SHSE:603863: 88.24

Guangdong Songyang Recycle Resources Co's Days Payable increased from Mar. 2023 (110.27) to Mar. 2024 (112.28). It may suggest that Guangdong Songyang Recycle Resources Co delayed paying its suppliers.

Guangdong Songyang Recycle Resources Co Days Payable Historical Data

The historical data trend for Guangdong Songyang Recycle Resources 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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Guangdong Songyang Recycle Resources Co Days Payable Chart

Guangdong Songyang Recycle Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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26.78

39.55

70.78

50.06

86.04

Guangdong Songyang Recycle Resources 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															110.27	80.46	90.60	78.89	112.28

Competitive Comparison of Guangdong Songyang Recycle Resources Co's Days Payable

For the Paper & Paper Products subindustry, Guangdong Songyang Recycle Resources 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.

Guangdong Songyang Recycle Resources Co's Days Payable Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Guangdong Songyang Recycle Resources Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Guangdong Songyang Recycle Resources Co's Days Payable falls into.

Guangdong Songyang Recycle Resources 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.

Guangdong Songyang Recycle Resources 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
=	( (163.562	+	189.55)	/	2 )	/	749.028	*	365
=	176.556					/	749.028	*	365
=	86.04

Guangdong Songyang Recycle Resources 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
=	( (189.55	+	172.579)	/	2 )	/	147.156	*	365 / 4
=	181.0645					/	147.156	*	365 / 4
=	112.28

Guangdong Songyang Recycle Resources Co Days Payable Related Terms

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Guangdong Songyang Recycle Resources Co (SHSE:603863) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Guangdong Songyang Recycle Resources Co Ltd (SHSE:603863) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Hongli Industrial Zone, Lianxia Town, Chenghai District, Guangdong Province, Shantou City, CHN, 515800

Website

http://www.sypaper.cn

Guangdong Songyang Recycle Resources Co Ltd is a high-tech enterprise engaged in the research and development, production and sales of environmentally-friendly recycled paper.

Guangdong Songyang Recycle Resources Co (SHSE:603863) Headlines

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