Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Days Payable : 101.73 (As of Mar. 2024)

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What is Jiangsu Rainbow Heavy Industries Co Days Payable?

Jiangsu Rainbow Heavy Industries Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,260 Mil. Jiangsu Rainbow Heavy Industries Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,130 Mil. Hence, Jiangsu Rainbow Heavy Industries Co's Days Payable for the three months ended in Mar. 2024 was 101.73.

The historical rank and industry rank for Jiangsu Rainbow Heavy Industries Co's Days Payable or its related term are showing as below:

SZSE:002483' s Days Payable Range Over the Past 10 Years
Min: 80.32 Med: 138.53 Max: 194.03
Current: 80.32

During the past 13 years, Jiangsu Rainbow Heavy Industries Co's highest Days Payable was 194.03. The lowest was 80.32. And the median was 138.53.

SZSE:002483's Days Payable is ranked better than
52.28% of 2936 companies
in the Industrial Products industry
Industry Median: 76.705 vs SZSE:002483: 80.32

Jiangsu Rainbow Heavy Industries Co's Days Payable declined from Mar. 2023 (145.63) to Mar. 2024 (101.73). It may suggest that Jiangsu Rainbow Heavy Industries Co accelerated paying its suppliers.

Jiangsu Rainbow Heavy Industries Co Days Payable Historical Data

The historical data trend for Jiangsu Rainbow Heavy Industries 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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Jiangsu Rainbow Heavy Industries Co Days Payable Chart

Jiangsu Rainbow Heavy Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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151.42

149.11

138.18

109.43

95.03

Jiangsu Rainbow Heavy Industries 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															145.63	82.48	72.93	71.83	101.73

Competitive Comparison of Jiangsu Rainbow Heavy Industries Co's Days Payable

For the Specialty Industrial Machinery subindustry, Jiangsu Rainbow Heavy Industries 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.

Jiangsu Rainbow Heavy Industries Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Rainbow Heavy Industries Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangsu Rainbow Heavy Industries Co's Days Payable falls into.

Jiangsu Rainbow Heavy Industries 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.

Jiangsu Rainbow Heavy Industries 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
=	( (1632.825	+	1343.318)	/	2 )	/	5715.497	*	365
=	1488.0715					/	5715.497	*	365
=	95.03

Jiangsu Rainbow Heavy Industries 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
=	( (1343.318	+	1176.811)	/	2 )	/	1130.304	*	365 / 4
=	1260.0645					/	1130.304	*	365 / 4
=	101.73

Jiangsu Rainbow Heavy Industries Co Days Payable Related Terms

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Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Rainbow Heavy Industries Co Ltd (SZSE:002483) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.9, Zhenxing West Road, Economic & Technology Development Zone, Natong, CHN, 226010

Website

http://www.jiangsurhi.com

Jiangsu Rainbow Heavy Industries Co Ltd is mainly engaged in the engineering, fabrication, sale, and maintenance of cranes in China. Its major business consists of 2 modules: high-end equipment manufactures and environmental protection. The high-end equipment manufacture module includes material lifting, offshore equipment, and shipbuilding, the products covered all kinds of lifting machinery, ship equipment, marine equipment, car parking equipment, engineering vessels and other related products. The environmental protection module includes industrial wastewater treatment, sludge treatment, hazardous solid waste disposal and other energy saving, recycling economy business.

Executives

Sha Ming Jun	Director
Wu Jian	Directors, executives
Xie Gui Xing	Directors, executives, directors
Sun Jian Cheng	Executives
Li Xiao Qin	Executives
Lin Bo	Executives

Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Headlines

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