Chongqing Shunbo Aluminum Co (SZSE:002996) Days Payable : 15.49 (As of Mar. 2024)

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What is Chongqing Shunbo Aluminum Co Days Payable?

Chongqing Shunbo Aluminum Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥486 Mil. Chongqing Shunbo Aluminum Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,866 Mil. Hence, Chongqing Shunbo Aluminum Co's Days Payable for the three months ended in Mar. 2024 was 15.49.

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

SZSE:002996' s Days Payable Range Over the Past 10 Years
Min: 16.5 Med: 19.64 Max: 32.54
Current: 16.72

During the past 13 years, Chongqing Shunbo Aluminum Co's highest Days Payable was 32.54. The lowest was 16.50. And the median was 19.64.

SZSE:002996's Days Payable is ranked worse than
94.28% of 1066 companies
in the Metals & Mining industry
Industry Median: 138.105 vs SZSE:002996: 16.72

Chongqing Shunbo Aluminum Co's Days Payable declined from Mar. 2023 (22.55) to Mar. 2024 (15.49). It may suggest that Chongqing Shunbo Aluminum Co accelerated paying its suppliers.

Chongqing Shunbo Aluminum Co Days Payable Historical Data

The historical data trend for Chongqing Shunbo Aluminum 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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Chongqing Shunbo Aluminum Co Days Payable Chart

Chongqing Shunbo Aluminum Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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23.82

25.06

16.52

16.50

16.58

Chongqing Shunbo Aluminum 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															22.55	19.74	18.75	15.67	15.49

Competitive Comparison of Chongqing Shunbo Aluminum Co's Days Payable

For the Aluminum subindustry, Chongqing Shunbo Aluminum 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.

Chongqing Shunbo Aluminum Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Chongqing Shunbo Aluminum Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Chongqing Shunbo Aluminum Co's Days Payable falls into.

Chongqing Shunbo Aluminum 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.

Chongqing Shunbo Aluminum 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
=	( (456.683	+	612.103)	/	2 )	/	11763.564	*	365
=	534.393					/	11763.564	*	365
=	16.58

Chongqing Shunbo Aluminum 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
=	( (612.103	+	360.86)	/	2 )	/	2865.989	*	365 / 4
=	486.4815					/	2865.989	*	365 / 4
=	15.49

Chongqing Shunbo Aluminum Co Days Payable Related Terms

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Chongqing Shunbo Aluminum Co (SZSE:002996) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Chongqing Shunbo Aluminum Co Ltd (SZSE:002996) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Caojie Development Park, Hechuan District, Chongqing, CHN, 402760

Website

http://www.soonbest.com

Chongqing Shunbo Aluminum Co Ltd formerly known as Chongqing Soonbest Aluminum Alloy Co Ltd is engaged in production and sales of secondary aluminum alloy ingots. The company produces and sells aluminum alloy ingots for auto parts, motorcycle parts; metal materials, mechanical and electrical products, building materials, industrial silicon.

Executives

Wang Zeng Chao	Directors, executives
Wang Qi	Director
Wang Zhen Jian	Director
Luo Le	Supervisors
Wang Hui	Directors, Directors, and Executives

Chongqing Shunbo Aluminum Co (SZSE:002996) Headlines

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