Rendong Holdings Co (SZSE:002647) Days Payable : 64.03 (As of Mar. 2024)

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What is Rendong Holdings Co Days Payable?

Rendong Holdings Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥209 Mil. Rendong Holdings Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥298 Mil. Hence, Rendong Holdings Co's Days Payable for the three months ended in Mar. 2024 was 64.03.

The historical rank and industry rank for Rendong Holdings Co's Days Payable or its related term are showing as below:

SZSE:002647' s Days Payable Range Over the Past 10 Years
Min: 2.15 Med: 20.84 Max: 53
Current: 53

During the past 13 years, Rendong Holdings Co's highest Days Payable was 53.00. The lowest was 2.15. And the median was 20.84.

SZSE:002647's Days Payable is ranked worse than
63.16% of 76 companies
in the Diversified Financial Services industry
Industry Median: 84.53 vs SZSE:002647: 53.00

Rendong Holdings Co's Days Payable increased from Mar. 2023 (44.61) to Mar. 2024 (64.03). It may suggest that Rendong Holdings Co delayed paying its suppliers.

Rendong Holdings Co Days Payable Historical Data

The historical data trend for Rendong Holdings 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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Rendong Holdings Co Days Payable Chart

Rendong Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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11.60

24.65

45.84

47.98

50.09

Rendong Holdings 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															44.61	49.39	49.51	53.57	64.03

Competitive Comparison of Rendong Holdings Co's Days Payable

For the Financial Conglomerates subindustry, Rendong Holdings 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.

Rendong Holdings Co's Days Payable Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Rendong Holdings Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Rendong Holdings Co's Days Payable falls into.

Rendong Holdings 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.

Rendong Holdings 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
=	( (192.982	+	221.699)	/	2 )	/	1510.794	*	365
=	207.3405					/	1510.794	*	365
=	50.09

Rendong Holdings 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
=	( (221.699	+	196.215)	/	2 )	/	297.77	*	365 / 4
=	208.957					/	297.77	*	365 / 4
=	64.03

Rendong Holdings Co Days Payable Related Terms

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Rendong Holdings Co (SZSE:002647) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Rendong Holdings Co Ltd (SZSE:002647) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

91 Jianguo Road, Chaoyang District, 16th Floor, Block A, Jindi Center, Beijing, CHN, 100025

Website

http://www.mesonft.com

Rendong Holdings Co Ltd operates in the financial services industry. It is organized into three main businesses: third-party payment, commercial factoring, and supply chain management. Its third-party payment related business develops, operates and maintains payment systems and clearing platform system; clearing of trading funds, generation and management of the master key of UnionPay card acceptance terminal. The commercial factoring business is mainly engaged in the insurance agency business. The company's supply chain management business focuses on supply chain management and supply chain financial services.

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