Ningbo Ligong Environment and Energy Technology Co (SZSE:002322) Days Payable : 297.89 (As of Mar. 2024)

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What is Ningbo Ligong Environment and Energy Technology Co Days Payable?

Ningbo Ligong Environment and Energy Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥148 Mil. Ningbo Ligong Environment and Energy Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥45 Mil. Hence, Ningbo Ligong Environment and Energy Technology Co's Days Payable for the three months ended in Mar. 2024 was 297.89.

The historical rank and industry rank for Ningbo Ligong Environment and Energy Technology Co's Days Payable or its related term are showing as below:

SZSE:002322' s Days Payable Range Over the Past 10 Years
Min: 60.64 Med: 132.68 Max: 155.65
Current: 121.04

During the past 13 years, Ningbo Ligong Environment and Energy Technology Co's highest Days Payable was 155.65. The lowest was 60.64. And the median was 132.68.

SZSE:002322's Days Payable is ranked better than
70.05% of 2932 companies
in the Industrial Products industry
Industry Median: 76.415 vs SZSE:002322: 121.04

Ningbo Ligong Environment and Energy Technology Co's Days Payable increased from Mar. 2023 (238.69) to Mar. 2024 (297.89). It may suggest that Ningbo Ligong Environment and Energy Technology Co delayed paying its suppliers.

Ningbo Ligong Environment and Energy Technology Co Days Payable Historical Data

The historical data trend for Ningbo Ligong Environment and Energy 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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Ningbo Ligong Environment and Energy Technology Co Days Payable Chart

Ningbo Ligong Environment and Energy Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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153.70

155.65

146.76

151.37

128.90

Ningbo Ligong Environment and Energy Technology 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															238.69	193.61	129.35	65.44	297.89

Competitive Comparison of Ningbo Ligong Environment and Energy Technology Co's Days Payable

For the Tools & Accessories subindustry, Ningbo Ligong Environment and Energy 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.

Ningbo Ligong Environment and Energy Technology Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ningbo Ligong Environment and Energy Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ningbo Ligong Environment and Energy Technology Co's Days Payable falls into.

Ningbo Ligong Environment and Energy 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.

Ningbo Ligong Environment and Energy 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
=	( (138.097	+	166.322)	/	2 )	/	431.018	*	365
=	152.2095					/	431.018	*	365
=	128.90

Ningbo Ligong Environment and Energy 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
=	( (166.322	+	129.24)	/	2 )	/	45.268	*	365 / 4
=	147.781					/	45.268	*	365 / 4
=	297.89

Ningbo Ligong Environment and Energy Technology Co Days Payable Related Terms

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Ningbo Ligong Environment and Energy Technology Co (SZSE:002322) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Ligong Environment and Energy Technology Co Ltd (SZSE:002322) » Definitions » Days Payable

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Traded in Other Exchanges

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Address

No. 22, Caofeijiang Road, Bonded Area, Zhejiang, Ningbo, CHN, 315806

Website

http://www.lgom.com.cn

Ningbo Ligong Environment and Energy Technology Co Ltd develops and supplies online monitoring products and service for electric power industry in China. Its products and solutions include smart grid online monitoring, environmental monitoring, environmental protection and power information and environmental governance.

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