Jiangsu Longda Superalloy Co (SHSE:688231) Days Payable : 73.02 (As of Mar. 2024)

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What is Jiangsu Longda Superalloy Co Days Payable?

Jiangsu Longda Superalloy Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥216 Mil. Jiangsu Longda Superalloy Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥270 Mil. Hence, Jiangsu Longda Superalloy Co's Days Payable for the three months ended in Mar. 2024 was 73.02.

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

SHSE:688231' s Days Payable Range Over the Past 10 Years
Min: 64.14 Med: 72.44 Max: 83.04
Current: 67.36

During the past 6 years, Jiangsu Longda Superalloy Co's highest Days Payable was 83.04. The lowest was 64.14. And the median was 72.44.

SHSE:688231's Days Payable is ranked worse than
65.45% of 1068 companies
in the Metals & Mining industry
Industry Median: 136.005 vs SHSE:688231: 67.36

Jiangsu Longda Superalloy Co's Days Payable increased from Mar. 2023 (63.08) to Mar. 2024 (73.02). It may suggest that Jiangsu Longda Superalloy Co delayed paying its suppliers.

Jiangsu Longda Superalloy Co Days Payable Historical Data

The historical data trend for Jiangsu Longda Superalloy 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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Jiangsu Longda Superalloy Co Days Payable Chart

Jiangsu Longda Superalloy Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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72.44

83.04

64.14

64.70

Jiangsu Longda Superalloy Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												63.08	52.67	76.27	77.15	73.02

Competitive Comparison of Jiangsu Longda Superalloy Co's Days Payable

For the Other Industrial Metals & Mining subindustry, Jiangsu Longda Superalloy 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.

Jiangsu Longda Superalloy Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Jiangsu Longda Superalloy Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangsu Longda Superalloy Co's Days Payable falls into.

Jiangsu Longda Superalloy 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.

Jiangsu Longda Superalloy 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
=	( (140.903	+	221.463)	/	2 )	/	1022.104	*	365
=	181.183					/	1022.104	*	365
=	64.70

Jiangsu Longda Superalloy 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
=	( (221.463	+	210.685)	/	2 )	/	270.027	*	365 / 4
=	216.074					/	270.027	*	365 / 4
=	73.02

Jiangsu Longda Superalloy Co Days Payable Related Terms

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Jiangsu Longda Superalloy Co (SHSE:688231) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jiangsu Longda Superalloy Co Ltd (SHSE:688231) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 18, Xiangyun Road, Anzhen Street, Xishan District, Jiangsu Province, Wuxi, CHN, 214105

Website

http://www.wxlongda.com

Jiangsu Longda Superalloy Co Ltd is engaged in the research and development, production and sales of alloy materials.

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