Western Metal Materials Co (SZSE:002149) Days Payable : 120.61 (As of Mar. 2024)

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What is Western Metal Materials Co Days Payable?

Western Metal Materials Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥732 Mil. Western Metal Materials Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥554 Mil. Hence, Western Metal Materials Co's Days Payable for the three months ended in Mar. 2024 was 120.61.

The historical rank and industry rank for Western Metal Materials Co's Days Payable or its related term are showing as below:

SZSE:002149' s Days Payable Range Over the Past 10 Years
Min: 91.89 Med: 126.73 Max: 165.68
Current: 119.07

During the past 13 years, Western Metal Materials Co's highest Days Payable was 165.68. The lowest was 91.89. And the median was 126.73.

SZSE:002149's Days Payable is ranked worse than
51.5% of 1068 companies
in the Metals & Mining industry
Industry Median: 135.555 vs SZSE:002149: 119.07

Western Metal Materials Co's Days Payable increased from Mar. 2023 (115.20) to Mar. 2024 (120.61). It may suggest that Western Metal Materials Co delayed paying its suppliers.

Western Metal Materials Co Days Payable Historical Data

The historical data trend for Western Metal Materials 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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Western Metal Materials Co Days Payable Chart

Western Metal Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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153.18

165.68

131.28

105.39

91.89

Western Metal Materials 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															115.20	122.48	134.57	98.97	120.61

Competitive Comparison of Western Metal Materials Co's Days Payable

For the Other Industrial Metals & Mining subindustry, Western Metal Materials 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.

Western Metal Materials Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Western Metal Materials Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Western Metal Materials Co's Days Payable falls into.

Western Metal Materials 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.

Western Metal Materials 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
=	( (639.698	+	628.276)	/	2 )	/	2518.238	*	365
=	633.987					/	2518.238	*	365
=	91.89

Western Metal Materials 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
=	( (628.276	+	835.292)	/	2 )	/	553.638	*	365 / 4
=	731.784					/	553.638	*	365 / 4
=	120.61

Western Metal Materials Co Days Payable Related Terms

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Western Metal Materials Co (SZSE:002149) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Metal Materials Co Ltd (SZSE:002149) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 56 Keji 3rd Road, New and High-Technology Development Zone, Xi'an, Shanxi, CHN, 710065

Website

http://www.c-wmm.com

Western Metal Materials Co Ltd is a China-based company engaged in the research and development, manufacture and sales of rare metal products. It provides rare metal clad materials and products, titanium products, metal fibers and products, refractory metal products, tungsten-molybdenum materials, as well as precious metal products and others. The company is also engaged in the rare metal testing and processing business. The company distributes its products in domestic market and to overseas markets.

Executives

Yang Li Rong	Independent director
Yang Yan An	Executives
Gu Liang	Directors, executives
Zheng Xue Jun	Executives
Yang Jian Chao	Executives
Liu Yong	Executives
Yan Xue Bai	Director
Li Zhang Liang	Supervisors
Gao Wen Zhu	Directors, executives
Zhang Hong Guo	Supervisors, within half a year of separation

Western Metal Materials Co (SZSE:002149) Headlines

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