Changzhou Fusion New Material Co (SHSE:688503) Days Payable : 13.90 (As of Mar. 2024)

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What is Changzhou Fusion New Material Co Days Payable?

Changzhou Fusion New Material Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥413 Mil. Changzhou Fusion New Material Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,710 Mil. Hence, Changzhou Fusion New Material Co's Days Payable for the three months ended in Mar. 2024 was 13.90.

The historical rank and industry rank for Changzhou Fusion New Material Co's Days Payable or its related term are showing as below:

SHSE:688503' s Days Payable Range Over the Past 10 Years
Min: 3.82 Med: 13.01 Max: 18.59
Current: 18.59

During the past 6 years, Changzhou Fusion New Material Co's highest Days Payable was 18.59. The lowest was 3.82. And the median was 13.01.

SHSE:688503's Days Payable is ranked worse than
90.88% of 965 companies
in the Semiconductors industry
Industry Median: 51.8 vs SHSE:688503: 18.59

Changzhou Fusion New Material Co's Days Payable declined from Mar. 2023 (25.32) to Mar. 2024 (13.90). It may suggest that Changzhou Fusion New Material Co accelerated paying its suppliers.

Changzhou Fusion New Material Co Days Payable Historical Data

The historical data trend for Changzhou Fusion New Material 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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Changzhou Fusion New Material Co Days Payable Chart

Changzhou Fusion New Material Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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13.11

11.42

12.90

18.25

16.01

Changzhou Fusion New Material Co Quarterly Data
	Dec18	Dec19	Mar20	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											25.32	26.18	20.14	18.08	13.90

Competitive Comparison of Changzhou Fusion New Material Co's Days Payable

For the Solar subindustry, Changzhou Fusion New Material 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.

Changzhou Fusion New Material Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Changzhou Fusion New Material Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Changzhou Fusion New Material Co's Days Payable falls into.

Changzhou Fusion New Material 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.

Changzhou Fusion New Material 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
=	( (338.133	+	476.214)	/	2 )	/	9280.206	*	365
=	407.1735					/	9280.206	*	365
=	16.01

Changzhou Fusion New Material 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
=	( (476.214	+	349.089)	/	2 )	/	2709.586	*	365 / 4
=	412.6515					/	2709.586	*	365 / 4
=	13.90

Changzhou Fusion New Material Co Days Payable Related Terms

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Changzhou Fusion New Material Co (SHSE:688503) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Changzhou Fusion New Material Co Ltd (SHSE:688503) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 66 Liuyanghe Road, Xinbei District, Jiangsu Province, Changzhou, CHN, 213031

Website

http://www.fusion-cz.com

Changzhou Fusion New Material Co Ltd specializes in the research and development, production and sales of new electronic pastes. The company's main product is front silver paste for solar cells. Front silver paste is a functional material based on silver powder, which is the key material for the preparation of solar cell metal electrodes. Its product performance and preparation process are directly related to the photoelectric conversion efficiency of solar cells.

Changzhou Fusion New Material Co (SHSE:688503) Headlines

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