Zibo Qixiang Tengda Chemical Co (SZSE:002408) Days Payable : 29.67 (As of Mar. 2024)

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What is Zibo Qixiang Tengda Chemical Co Days Payable?

Zibo Qixiang Tengda Chemical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,629 Mil. Zibo Qixiang Tengda Chemical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,011 Mil. Hence, Zibo Qixiang Tengda Chemical Co's Days Payable for the three months ended in Mar. 2024 was 29.67.

The historical rank and industry rank for Zibo Qixiang Tengda Chemical Co's Days Payable or its related term are showing as below:

SZSE:002408' s Days Payable Range Over the Past 10 Years
Min: 11.16 Med: 35.58 Max: 45.4
Current: 32.36

During the past 13 years, Zibo Qixiang Tengda Chemical Co's highest Days Payable was 45.40. The lowest was 11.16. And the median was 35.58.

SZSE:002408's Days Payable is ranked worse than
78.38% of 1503 companies
in the Chemicals industry
Industry Median: 60.89 vs SZSE:002408: 32.36

Zibo Qixiang Tengda Chemical Co's Days Payable declined from Mar. 2023 (51.01) to Mar. 2024 (29.67). It may suggest that Zibo Qixiang Tengda Chemical Co accelerated paying its suppliers.

Zibo Qixiang Tengda Chemical Co Days Payable Historical Data

The historical data trend for Zibo Qixiang Tengda Chemical 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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Zibo Qixiang Tengda Chemical Co Days Payable Chart

Zibo Qixiang Tengda Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

16.50

28.98

30.76

43.65

40.39

Zibo Qixiang Tengda Chemical 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															51.01	36.71	37.26	26.25	29.67

Competitive Comparison of Zibo Qixiang Tengda Chemical Co's Days Payable

For the Specialty Chemicals subindustry, Zibo Qixiang Tengda Chemical 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.

Zibo Qixiang Tengda Chemical Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zibo Qixiang Tengda Chemical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zibo Qixiang Tengda Chemical Co's Days Payable falls into.

Zibo Qixiang Tengda Chemical 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.

Zibo Qixiang Tengda Chemical 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
=	( (3694.927	+	1898.223)	/	2 )	/	25270.85	*	365
=	2796.575					/	25270.85	*	365
=	40.39

Zibo Qixiang Tengda Chemical 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
=	( (1898.223	+	1360.094)	/	2 )	/	5010.968	*	365 / 4
=	1629.1585					/	5010.968	*	365 / 4
=	29.67

Zibo Qixiang Tengda Chemical Co Days Payable Related Terms

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Zibo Qixiang Tengda Chemical Co (SZSE:002408) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zibo Qixiang Tengda Chemical Co Ltd (SZSE:002408) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shandong Province Rubber Factory Road on the 1st, Linzi District, Zibo, CHN, 255438

Website

http://www.qxtdgf.com

Zibo Qixiang Tengda Chemical Co Ltd is a China-based company dealing in methyl ethyl ketone, isobutylene, maleic anhydride, disproportioated, butadiene, and carboxyl styrene butadiene latex.

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