Ningxia Orient Tantalum Industry Co (SZSE:000962) Days Payable : 102.32 (As of Mar. 2024)

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What is Ningxia Orient Tantalum Industry Co Days Payable?

Ningxia Orient Tantalum Industry Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥237 Mil. Ningxia Orient Tantalum Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥211 Mil. Hence, Ningxia Orient Tantalum Industry Co's Days Payable for the three months ended in Mar. 2024 was 102.32.

The historical rank and industry rank for Ningxia Orient Tantalum Industry Co's Days Payable or its related term are showing as below:

SZSE:000962' s Days Payable Range Over the Past 10 Years
Min: 29.82 Med: 40.36 Max: 76.34
Current: 76.14

During the past 13 years, Ningxia Orient Tantalum Industry Co's highest Days Payable was 76.34. The lowest was 29.82. And the median was 40.36.

SZSE:000962's Days Payable is ranked worse than
61.16% of 1071 companies
in the Metals & Mining industry
Industry Median: 130.91 vs SZSE:000962: 76.14

Ningxia Orient Tantalum Industry Co's Days Payable increased from Mar. 2023 (48.82) to Mar. 2024 (102.32). It may suggest that Ningxia Orient Tantalum Industry Co delayed paying its suppliers.

Ningxia Orient Tantalum Industry Co Days Payable Historical Data

The historical data trend for Ningxia Orient Tantalum Industry 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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Ningxia Orient Tantalum Industry Co Days Payable Chart

Ningxia Orient Tantalum Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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42.55

48.14

53.16

53.61

76.34

Ningxia Orient Tantalum Industry 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															48.82	59.95	70.85	71.05	102.32

Competitive Comparison of Ningxia Orient Tantalum Industry Co's Days Payable

For the Other Industrial Metals & Mining subindustry, Ningxia Orient Tantalum Industry 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.

Ningxia Orient Tantalum Industry Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Ningxia Orient Tantalum Industry Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ningxia Orient Tantalum Industry Co's Days Payable falls into.

Ningxia Orient Tantalum Industry 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.

Ningxia Orient Tantalum Industry 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
=	( (135.053	+	245.787)	/	2 )	/	910.402	*	365
=	190.42					/	910.402	*	365
=	76.34

Ningxia Orient Tantalum Industry 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
=	( (245.787	+	228.351)	/	2 )	/	211.417	*	365 / 4
=	237.069					/	211.417	*	365 / 4
=	102.32

Ningxia Orient Tantalum Industry Co Days Payable Related Terms

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Ningxia Orient Tantalum Industry Co (SZSE:000962) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ningxia Orient Tantalum Industry Co Ltd (SZSE:000962) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.119 Yanjin Road, Ningxia, Shizuishan, CHN, 753000

Website

http://www.otic.com.cn

Ningxia Orient Tantalum Industry Co Ltd is specialized in research, development, and production of rare metals in China. It produces metals and alloys of tantalum, niobium, beryllium, and titanium, as well as SiC and PV abrasive materials, battery energy materials and others. These products are used in electronics, communication, aviation, airspace, metallurgy, oil chemicals, lighting, sports, medicals, atomic energy, solar energy and other fields. The company distributes its products in both Chinese and overseas markets.

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