Gansu Shangfeng Cement Co (SZSE:000672) Days Payable : 356.78 (As of Mar. 2024)

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What is Gansu Shangfeng Cement Co Days Payable?

Gansu Shangfeng Cement Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,760 Mil. Gansu Shangfeng Cement Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥706 Mil. Hence, Gansu Shangfeng Cement Co's Days Payable for the three months ended in Mar. 2024 was 356.78.

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

SZSE:000672' s Days Payable Range Over the Past 10 Years
Min: 85.76 Med: 132.44 Max: 243.9
Current: 243.9

During the past 13 years, Gansu Shangfeng Cement Co's highest Days Payable was 243.90. The lowest was 85.76. And the median was 132.44.

SZSE:000672's Days Payable is ranked better than
91.11% of 371 companies
in the Building Materials industry
Industry Median: 66.44 vs SZSE:000672: 243.90

Gansu Shangfeng Cement Co's Days Payable increased from Mar. 2023 (237.78) to Mar. 2024 (356.78). It may suggest that Gansu Shangfeng Cement Co delayed paying its suppliers.

Gansu Shangfeng Cement Co Days Payable Historical Data

The historical data trend for Gansu Shangfeng Cement 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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Gansu Shangfeng Cement Co Days Payable Chart

Gansu Shangfeng Cement Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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85.76

106.20

104.99

170.74

210.66

Gansu Shangfeng Cement Co 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															237.78	202.28	221.98	252.80	356.78

Competitive Comparison of Gansu Shangfeng Cement Co's Days Payable

For the Building Materials subindustry, Gansu Shangfeng Cement 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.

Gansu Shangfeng Cement Co's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Gansu Shangfeng Cement Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Gansu Shangfeng Cement Co's Days Payable falls into.

Gansu Shangfeng Cement 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.

Gansu Shangfeng Cement 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
=	( (2651.085	+	2684.046)	/	2 )	/	4622.029	*	365
=	2667.5655					/	4622.029	*	365
=	210.66

Gansu Shangfeng Cement 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
=	( (2684.046	+	2835.634)	/	2 )	/	705.848	*	365 / 4
=	2759.84					/	705.848	*	365 / 4
=	356.78

Gansu Shangfeng Cement Co Days Payable Related Terms

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Gansu Shangfeng Cement Co (SZSE:000672) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Gansu Shangfeng Cement Co Ltd (SZSE:000672) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 738, Wenshan West Road, Unit E, Building 1, Xixi Legu Creative Industrial Park, Zhejiang Province, Hangzhou, CHN, 310000

Website

http://www.sfsn.cn

Gansu Shangfeng Cement Co Ltd is a China-based company engaged in the business of manufacturing and selling cement and building materials. The company's projects are mainly located in Jining Weishan, Jinling, Anhui, Tongling and Yuhuaiyuan, Zhejiang Zhuji and other cities.

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