Wuxi Double Elephant Micro Fibre Material Co (SZSE:002395) Days Payable : 70.52 (As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Wuxi Double Elephant Micro Fibre Material Co Days Payable?

Wuxi Double Elephant Micro Fibre Material Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥289 Mil. Wuxi Double Elephant Micro Fibre Material Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥374 Mil. Hence, Wuxi Double Elephant Micro Fibre Material Co's Days Payable for the three months ended in Mar. 2024 was 70.52.

The historical rank and industry rank for Wuxi Double Elephant Micro Fibre Material Co's Days Payable or its related term are showing as below:

SZSE:002395' s Days Payable Range Over the Past 10 Years
Min: 63.33 Med: 79.89 Max: 100.87
Current: 71.94

During the past 13 years, Wuxi Double Elephant Micro Fibre Material Co's highest Days Payable was 100.87. The lowest was 63.33. And the median was 79.89.

SZSE:002395's Days Payable is ranked better than
62.39% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.44 vs SZSE:002395: 71.94

Wuxi Double Elephant Micro Fibre Material Co's Days Payable declined from Mar. 2023 (108.83) to Mar. 2024 (70.52). It may suggest that Wuxi Double Elephant Micro Fibre Material Co accelerated paying its suppliers.

Wuxi Double Elephant Micro Fibre Material Co Days Payable Historical Data

The historical data trend for Wuxi Double Elephant Micro Fibre Material 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.

* Premium members only.

Wuxi Double Elephant Micro Fibre Material Co Days Payable Chart

Wuxi Double Elephant Micro Fibre Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

87.24

89.58

100.87

100.36

80.95

Wuxi Double Elephant Micro Fibre Material 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															108.83	82.19	66.34	68.28	70.52

Competitive Comparison of Wuxi Double Elephant Micro Fibre Material Co's Days Payable

For the Footwear & Accessories subindustry, Wuxi Double Elephant Micro Fibre Material 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.

Wuxi Double Elephant Micro Fibre Material Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Wuxi Double Elephant Micro Fibre Material Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Wuxi Double Elephant Micro Fibre Material Co's Days Payable falls into.

Wuxi Double Elephant Micro Fibre Material 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.

Wuxi Double Elephant Micro Fibre Material 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
=	( (299.182	+	295.228)	/	2 )	/	1340.148	*	365
=	297.205					/	1340.148	*	365
=	80.95

Wuxi Double Elephant Micro Fibre Material 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
=	( (295.228	+	283.189)	/	2 )	/	374.216	*	365 / 4
=	289.2085					/	374.216	*	365 / 4
=	70.52

Wuxi Double Elephant Micro Fibre Material Co Days Payable Related Terms

Thank you for viewing the detailed overview of Wuxi Double Elephant Micro Fibre Material Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Wuxi Double Elephant Micro Fibre Material Co (SZSE:002395) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Wuxi Double Elephant Micro Fibre Material Co Ltd (SZSE:002395) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.188, Houzhai Middle Road, Hongshan Street, Xinwu District, Jiangsu Province, Wuxi, CHN

Website

http://www.sxcxgf.com

Wuxi Double Elephant Micro Fibre Material Co Ltd operates in the synthetic leather industry. The company is engaged in the production and supply of PVC artificial leather products. The products of the company include microfiber ultra-real leather, PVC artificial leather, and PU synthetic leather.

Wuxi Double Elephant Micro Fibre Material Co (SZSE:002395) Headlines

No Headlines