Shaanxi Sirui Advanced Materials Co (SHSE:688102) Days Payable : 45.12 (As of Mar. 2024)

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What is Shaanxi Sirui Advanced Materials Co Days Payable?

Shaanxi Sirui Advanced Materials Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥109 Mil. Shaanxi Sirui Advanced Materials Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥221 Mil. Hence, Shaanxi Sirui Advanced Materials Co's Days Payable for the three months ended in Mar. 2024 was 45.12.

The historical rank and industry rank for Shaanxi Sirui Advanced Materials Co's Days Payable or its related term are showing as below:

SHSE:688102' s Days Payable Range Over the Past 10 Years
Min: 36.85 Med: 51.16 Max: 80.94
Current: 36.85

During the past 7 years, Shaanxi Sirui Advanced Materials Co's highest Days Payable was 80.94. The lowest was 36.85. And the median was 51.16.

SHSE:688102's Days Payable is ranked worse than
80.99% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs SHSE:688102: 36.85

Shaanxi Sirui Advanced Materials Co's Days Payable increased from Mar. 2023 (38.12) to Mar. 2024 (45.12). It may suggest that Shaanxi Sirui Advanced Materials Co delayed paying its suppliers.

Shaanxi Sirui Advanced Materials Co Days Payable Historical Data

The historical data trend for Shaanxi Sirui Advanced Materials 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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Shaanxi Sirui Advanced Materials Co Days Payable Chart

Shaanxi Sirui Advanced Materials Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

55.76

51.16

38.53

38.50

38.18

Shaanxi Sirui Advanced Materials Co Quarterly Data
	Dec17	Dec18	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															38.12	31.52	34.46	38.57	45.12

Competitive Comparison of Shaanxi Sirui Advanced Materials Co's Days Payable

For the Copper subindustry, Shaanxi Sirui Advanced Materials 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.

Shaanxi Sirui Advanced Materials Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Shaanxi Sirui Advanced Materials Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shaanxi Sirui Advanced Materials Co's Days Payable falls into.

Shaanxi Sirui Advanced Materials 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.

Shaanxi Sirui Advanced Materials 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
=	( (84.905	+	110.068)	/	2 )	/	931.966	*	365
=	97.4865					/	931.966	*	365
=	38.18

Shaanxi Sirui Advanced Materials 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
=	( (110.068	+	108.161)	/	2 )	/	220.661	*	365 / 4
=	109.1145					/	220.661	*	365 / 4
=	45.12

Shaanxi Sirui Advanced Materials Co Days Payable Related Terms

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Shaanxi Sirui Advanced Materials Co (SHSE:688102) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shaanxi Sirui Advanced Materials Co Ltd (SHSE:688102) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 12, Zhangbaqi Road, High-tech Zone, Shaanxi Province, Xi'an, CHN, 710077

Website

https://www.sxsr.com

Shaanxi Sirui Advanced Materials Co Ltd focuses on the research and development and manufacture of high-performance copper alloy materials, products and other special copper alloy series materials.

Shaanxi Sirui Advanced Materials Co (SHSE:688102) Headlines

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