Jiangsu Shuangxing Color Plastic New Materials Co (SZSE:002585) Days Payable : 128.13 (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Jiangsu Shuangxing Color Plastic New Materials Co Days Payable?

Jiangsu Shuangxing Color Plastic New Materials Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,915 Mil. Jiangsu Shuangxing Color Plastic New Materials Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,364 Mil. Hence, Jiangsu Shuangxing Color Plastic New Materials Co's Days Payable for the three months ended in Mar. 2024 was 128.13.

The historical rank and industry rank for Jiangsu Shuangxing Color Plastic New Materials Co's Days Payable or its related term are showing as below:

SZSE:002585' s Days Payable Range Over the Past 10 Years
Min: 61.5 Med: 90.76 Max: 122.05
Current: 105.49

During the past 13 years, Jiangsu Shuangxing Color Plastic New Materials Co's highest Days Payable was 122.05. The lowest was 61.50. And the median was 90.76.

SZSE:002585's Days Payable is ranked better than
82.43% of 370 companies
in the Packaging & Containers industry
Industry Median: 57.555 vs SZSE:002585: 105.49

Jiangsu Shuangxing Color Plastic New Materials Co's Days Payable increased from Mar. 2023 (89.39) to Mar. 2024 (128.13). It may suggest that Jiangsu Shuangxing Color Plastic New Materials Co delayed paying its suppliers.

Jiangsu Shuangxing Color Plastic New Materials Co Days Payable Historical Data

The historical data trend for Jiangsu Shuangxing Color Plastic New 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.

* Premium members only.

Jiangsu Shuangxing Color Plastic New Materials Co Days Payable Chart

Jiangsu Shuangxing Color Plastic New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

80.21

106.38

121.42

105.83

122.05

Jiangsu Shuangxing Color Plastic New 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															89.39	92.13	92.69	110.75	128.13

Competitive Comparison of Jiangsu Shuangxing Color Plastic New Materials Co's Days Payable

For the Packaging & Containers subindustry, Jiangsu Shuangxing Color Plastic New 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.

Jiangsu Shuangxing Color Plastic New Materials Co's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Jiangsu Shuangxing Color Plastic New Materials Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangsu Shuangxing Color Plastic New Materials Co's Days Payable falls into.

Jiangsu Shuangxing Color Plastic New 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.

Jiangsu Shuangxing Color Plastic New 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
=	( (1383.598	+	1999.007)	/	2 )	/	5057.946	*	365
=	1691.3025					/	5057.946	*	365
=	122.05

Jiangsu Shuangxing Color Plastic New 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
=	( (1999.007	+	1830.58)	/	2 )	/	1363.61	*	365 / 4
=	1914.7935					/	1363.61	*	365 / 4
=	128.13

Jiangsu Shuangxing Color Plastic New Materials Co Days Payable Related Terms

Thank you for viewing the detailed overview of Jiangsu Shuangxing Color Plastic New Materials Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Jiangsu Shuangxing Color Plastic New Materials Co (SZSE:002585) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Jiangsu Shuangxing Color Plastic New Materials Co Ltd (SZSE:002585) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Jingtou Street, Suqian City, Jiangsu Province, CHN, 223808

Website

http://www.cpp.com.cn

Jiangsu Shuangxing Color Plastic New Materials Co Ltd is engaged in the development and production of plastic packaging materials in China. Its products include Metallized Film, Ployester Film, Hot Stamping Film, Transfer Film, Card Protection Film, Yarn Grade Film, Decorative Film, Laser Film, Thermal Sealable Film and Solar Film. The company distributes its products in domestic and to overseas markets.

Jiangsu Shuangxing Color Plastic New Materials Co (SZSE:002585) Headlines

No Headlines