Shandong Chenming Paper Holdings (SZSE:000488) Days Payable : 133.97 (As of Mar. 2024)

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What is Shandong Chenming Paper Holdings Days Payable?

Shandong Chenming Paper Holdings's average Accounts Payable for the three months ended in Mar. 2024 was ¥8,699 Mil. Shandong Chenming Paper Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,925 Mil. Hence, Shandong Chenming Paper Holdings's Days Payable for the three months ended in Mar. 2024 was 133.97.

The historical rank and industry rank for Shandong Chenming Paper Holdings's Days Payable or its related term are showing as below:

SZSE:000488' s Days Payable Range Over the Past 10 Years
Min: 88.17 Med: 107.75 Max: 138.81
Current: 118.56

During the past 13 years, Shandong Chenming Paper Holdings's highest Days Payable was 138.81. The lowest was 88.17. And the median was 107.75.

SZSE:000488's Days Payable is ranked better than
87.14% of 280 companies
in the Forest Products industry
Industry Median: 57.025 vs SZSE:000488: 118.56

Shandong Chenming Paper Holdings's Days Payable increased from Mar. 2023 (120.66) to Mar. 2024 (133.97). It may suggest that Shandong Chenming Paper Holdings delayed paying its suppliers.

Shandong Chenming Paper Holdings Days Payable Historical Data

The historical data trend for Shandong Chenming Paper Holdings'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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Shandong Chenming Paper Holdings Days Payable Chart

Shandong Chenming Paper Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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114.19

99.62

101.31

94.70

117.70

Shandong Chenming Paper Holdings Quarterly Data
	Jun19	Sep19	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															120.66	112.97	104.37	124.59	133.97

Competitive Comparison of Shandong Chenming Paper Holdings's Days Payable

For the Paper & Paper Products subindustry, Shandong Chenming Paper Holdings'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.

Shandong Chenming Paper Holdings's Days Payable Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Shandong Chenming Paper Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong Chenming Paper Holdings's Days Payable falls into.

Shandong Chenming Paper Holdings 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.

Shandong Chenming Paper Holdings'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
=	( (7243.563	+	8521.607)	/	2 )	/	24445.486	*	365
=	7882.585					/	24445.486	*	365
=	117.70

Shandong Chenming Paper Holdings'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
=	( (8521.607	+	8877.08)	/	2 )	/	5925.181	*	365 / 4
=	8699.3435					/	5925.181	*	365 / 4
=	133.97

Shandong Chenming Paper Holdings Days Payable Related Terms

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Shandong Chenming Paper Holdings (SZSE:000488) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shandong Chenming Paper Holdings Ltd (SZSE:000488) » Definitions » Days Payable

Traded in Other Exchanges

01812:Hong Kong SCD1:Germany 200488:China

Address

No. 2199 Nongsheng East Road, Shandong Province, Shouguang, CHN, 262705

Website

http://www.chenmingpaper.com

Shandong Chenming Paper Holdings Ltd is a paper making company. The company's product mix consists of printing paper, packaging paper, office paper, industrial paper and household paper, and various other types of paper mixes. Maximum revenue is derived from the sale of its paper products. The company's segments are Machine-made paper, Financial services, Hotels and property, and other segments. Geographically, it derives a majority of revenue from Mainland China.

Shandong Chenming Paper Holdings (SZSE:000488) Headlines

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