Shijiazhuang Shangtai Technology Co (SZSE:001301) Days Payable : 29.32 (As of Mar. 2024)

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What is Shijiazhuang Shangtai Technology Co Days Payable?

Shijiazhuang Shangtai Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥203 Mil. Shijiazhuang Shangtai Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥632 Mil. Hence, Shijiazhuang Shangtai Technology Co's Days Payable for the three months ended in Mar. 2024 was 29.32.

The historical rank and industry rank for Shijiazhuang Shangtai Technology Co's Days Payable or its related term are showing as below:

SZSE:001301' s Days Payable Range Over the Past 10 Years
Min: 14.86 Med: 33.91 Max: 42.09
Current: 28.01

During the past 6 years, Shijiazhuang Shangtai Technology Co's highest Days Payable was 42.09. The lowest was 14.86. And the median was 33.91.

SZSE:001301's Days Payable is ranked worse than
90.35% of 2923 companies
in the Industrial Products industry
Industry Median: 76.67 vs SZSE:001301: 28.01

Shijiazhuang Shangtai Technology Co's Days Payable declined from Mar. 2023 (58.27) to Mar. 2024 (29.32). It may suggest that Shijiazhuang Shangtai Technology Co accelerated paying its suppliers.

Shijiazhuang Shangtai Technology Co Days Payable Historical Data

The historical data trend for Shijiazhuang Shangtai Technology 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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Shijiazhuang Shangtai Technology Co Days Payable Chart

Shijiazhuang Shangtai Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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40.91

42.09

14.86

32.17

35.64

Shijiazhuang Shangtai Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial										58.27	37.71	21.71	20.77	29.32

Competitive Comparison of Shijiazhuang Shangtai Technology Co's Days Payable

For the Electrical Equipment & Parts subindustry, Shijiazhuang Shangtai Technology 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.

Shijiazhuang Shangtai Technology Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shijiazhuang Shangtai Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shijiazhuang Shangtai Technology Co's Days Payable falls into.

Shijiazhuang Shangtai Technology 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.

Shijiazhuang Shangtai Technology 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
=	( (417.999	+	201.569)	/	2 )	/	3172.76	*	365
=	309.784					/	3172.76	*	365
=	35.64

Shijiazhuang Shangtai Technology 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
=	( (201.569	+	204.384)	/	2 )	/	631.771	*	365 / 4
=	202.9765					/	631.771	*	365 / 4
=	29.32

Shijiazhuang Shangtai Technology Co Days Payable Related Terms

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Shijiazhuang Shangtai Technology Co (SZSE:001301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shijiazhuang Shangtai Technology Co Ltd (SZSE:001301) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

West side of Nansha Highway, Lichengdao Township, Wuji County, Hebei Province, Shijiazhuang, CHN, 052461

Website

http://www.shangtaitech.com

Shijiazhuang Shangtai Technology Co Ltd specializes in the research and development, production, processing and sales of lithium-ion battery anode materials and graphitized coke. The company's products are widely used in new energy electric vehicle power batteries, consumer batteries and energy storage batteries.

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