Zhongfu Shenying Carbon Fiber Co (SHSE:688295) Days Payable : 343.47 (As of Mar. 2024)

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What is Zhongfu Shenying Carbon Fiber Co Days Payable?

Zhongfu Shenying Carbon Fiber Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,262 Mil. Zhongfu Shenying Carbon Fiber Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥335 Mil. Hence, Zhongfu Shenying Carbon Fiber Co's Days Payable for the three months ended in Mar. 2024 was 343.47.

The historical rank and industry rank for Zhongfu Shenying Carbon Fiber Co's Days Payable or its related term are showing as below:

SHSE:688295' s Days Payable Range Over the Past 10 Years
Min: 99.45 Med: 238.9 Max: 267.13
Current: 267.13

During the past 6 years, Zhongfu Shenying Carbon Fiber Co's highest Days Payable was 267.13. The lowest was 99.45. And the median was 238.90.

SHSE:688295's Days Payable is ranked better than
97.2% of 1501 companies
in the Chemicals industry
Industry Median: 60.63 vs SHSE:688295: 267.13

Zhongfu Shenying Carbon Fiber Co's Days Payable increased from Mar. 2023 (252.05) to Mar. 2024 (343.47). It may suggest that Zhongfu Shenying Carbon Fiber Co delayed paying its suppliers.

Zhongfu Shenying Carbon Fiber Co Days Payable Historical Data

The historical data trend for Zhongfu Shenying Carbon Fiber 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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Zhongfu Shenying Carbon Fiber Co Days Payable Chart

Zhongfu Shenying Carbon Fiber Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

108.33

254.63

227.27

250.53

257.91

Zhongfu Shenying Carbon Fiber 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												252.05	306.17	271.61	205.64	343.47

Competitive Comparison of Zhongfu Shenying Carbon Fiber Co's Days Payable

For the Specialty Chemicals subindustry, Zhongfu Shenying Carbon Fiber 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.

Zhongfu Shenying Carbon Fiber Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zhongfu Shenying Carbon Fiber Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhongfu Shenying Carbon Fiber Co's Days Payable falls into.

Zhongfu Shenying Carbon Fiber 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.

Zhongfu Shenying Carbon Fiber 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
=	( (881.361	+	1334.184)	/	2 )	/	1567.746	*	365
=	1107.7725					/	1567.746	*	365
=	257.91

Zhongfu Shenying Carbon Fiber 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
=	( (1334.184	+	1189.292)	/	2 )	/	335.204	*	365 / 4
=	1261.738					/	335.204	*	365 / 4
=	343.47

Zhongfu Shenying Carbon Fiber Co Days Payable Related Terms

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Zhongfu Shenying Carbon Fiber Co (SHSE:688295) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhongfu Shenying Carbon Fiber Co Ltd (SHSE:688295) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

North of South Ring Road, Economic and Technological Development Zone, Jiangsu Province, Dapu Industrial Zone, Lianyungang, CHN, 222000

Website

http://www.zfsycf.com.cn

Zhongfu Shenying Carbon Fiber Co Ltd is engaged in the research and development, production and sales of carbon fiber and composite materials.

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