Jinko Solar Co (SHSE:688223) Days Payable : 216.42 (As of Mar. 2024)

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What is Jinko Solar Co Days Payable?

Jinko Solar Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥49,504 Mil. Jinko Solar Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥20,873 Mil. Hence, Jinko Solar Co's Days Payable for the three months ended in Mar. 2024 was 216.42.

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

SHSE:688223' s Days Payable Range Over the Past 10 Years
Min: 144.61 Med: 166.61 Max: 208.95
Current: 144.96

During the past 13 years, Jinko Solar Co's highest Days Payable was 208.95. The lowest was 144.61. And the median was 166.61.

SHSE:688223's Days Payable is ranked better than
85.86% of 962 companies
in the Semiconductors industry
Industry Median: 51.78 vs SHSE:688223: 144.96

Jinko Solar Co's Days Payable increased from Mar. 2023 (164.01) to Mar. 2024 (216.42). It may suggest that Jinko Solar Co delayed paying its suppliers.

Jinko Solar Co Days Payable Historical Data

The historical data trend for Jinko Solar 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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Jinko Solar Co Days Payable Chart

Jinko Solar Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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199.40

208.95

197.22

203.12

144.61

Jinko Solar Co Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															164.01	134.61	143.80	137.62	216.42

Competitive Comparison of Jinko Solar Co's Days Payable

For the Solar subindustry, Jinko Solar 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.

Jinko Solar Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Jinko Solar Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jinko Solar Co's Days Payable falls into.

Jinko Solar 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.

Jinko Solar Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (22921.877	+	35742.072)	/	2 )	/	74036.873	*	365
=	29331.9745					/	74036.873	*	365
=	144.61

Jinko Solar 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
=	( (48279.173	+	50729.401)	/	2 )	/	20873.062	*	365 / 4
=	49504.287					/	20873.062	*	365 / 4
=	216.42

Jinko Solar Co Days Payable Related Terms

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Jinko Solar Co (SHSE:688223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Jinko Solar Co Ltd (SHSE:688223) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Jinke Avenue, Economic Development Zone, Jiangxi Province, Shangrao City, CHN, 334000

Website

https://www.jinkosolar.com

Jinko Solar Co Ltd is engaged in the research and development, production and sales of solar photovoltaic modules, cells and silicon wafers.

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