Shanghai Qifan Cable Co (SHSE:605222) Days Payable : 33.21 (As of Mar. 2024)

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What is Shanghai Qifan Cable Co Days Payable?

Shanghai Qifan Cable Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,632 Mil. Shanghai Qifan Cable Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,483 Mil. Hence, Shanghai Qifan Cable Co's Days Payable for the three months ended in Mar. 2024 was 33.21.

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

SHSE:605222' s Days Payable Range Over the Past 10 Years
Min: 22.21 Med: 37.21 Max: 109.56
Current: 24.66

During the past 8 years, Shanghai Qifan Cable Co's highest Days Payable was 109.56. The lowest was 22.21. And the median was 37.21.

SHSE:605222's Days Payable is ranked worse than
92.37% of 2937 companies
in the Industrial Products industry
Industry Median: 76.66 vs SHSE:605222: 24.66

Shanghai Qifan Cable Co's Days Payable increased from Mar. 2023 (28.39) to Mar. 2024 (33.21). It may suggest that Shanghai Qifan Cable Co delayed paying its suppliers.

Shanghai Qifan Cable Co Days Payable Historical Data

The historical data trend for Shanghai Qifan Cable 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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Shanghai Qifan Cable Co Days Payable Chart

Shanghai Qifan Cable Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

40.29

34.12

22.21

24.51

22.29

Shanghai Qifan Cable 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															28.39	21.07	22.82	22.41	33.21

Competitive Comparison of Shanghai Qifan Cable Co's Days Payable

For the Electrical Equipment & Parts subindustry, Shanghai Qifan Cable 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.

Shanghai Qifan Cable Co's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Shanghai Qifan Cable Co's Days Payable falls into.

Shanghai Qifan Cable 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.

Shanghai Qifan Cable 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
=	( (1250.211	+	1433.56)	/	2 )	/	21978.186	*	365
=	1341.8855					/	21978.186	*	365
=	22.29

Shanghai Qifan Cable 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
=	( (1433.56	+	1829.78)	/	2 )	/	4483.412	*	365 / 4
=	1631.67					/	4483.412	*	365 / 4
=	33.21

Shanghai Qifan Cable Co Days Payable Related Terms

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Shanghai Qifan Cable Co (SHSE:605222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Qifan Cable Co Ltd (SHSE:605222) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 238 Zhenkang Road, Zhangyan Town, Jinshan District, Shanghai, CHN, 201514

Website

http://www.qifancable.com

Shanghai Qifan Cable Co Ltd is engaged in wire and cable production, sales and service. The company's products cover low voltage power cable, medium voltage power cable, extra high voltage power cable, control cable, instrumentation cable, building wire, flexible rubber cable, fire rated cable, renewable cable, industrial cable, Lan cable, coaxial cable. Its products are categorized into Building Wire, Building Wire, Power Distribution, Fire Resistant Cable, Renewable Energy, Mining, Oil and Gas, and Data Communication.

Executives

Zhou Gui Xing	Director
Zhou Kai Min	Supervisors
Chen Zhi Yuan	senior management
Li Su Guo	senior management
Han Bao Zhong	Director
Chen Yong Da	Directors, senior managers
Guan Zi Fang	Directors, senior managers
Zhang Shang Yi	senior management
Zhou Xian Lai	senior management

Shanghai Qifan Cable Co (SHSE:605222) Headlines

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