Jiangsu Zhengdan Chemical Industry Co (SZSE:300641) Days Payable : 35.18 (As of Mar. 2024)

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What is Jiangsu Zhengdan Chemical Industry Co Days Payable?

Jiangsu Zhengdan Chemical Industry Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥171 Mil. Jiangsu Zhengdan Chemical Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥444 Mil. Hence, Jiangsu Zhengdan Chemical Industry Co's Days Payable for the three months ended in Mar. 2024 was 35.18.

The historical rank and industry rank for Jiangsu Zhengdan Chemical Industry Co's Days Payable or its related term are showing as below:

SZSE:300641' s Days Payable Range Over the Past 10 Years
Min: 13.31 Med: 33.25 Max: 70.45
Current: 30.75

During the past 12 years, Jiangsu Zhengdan Chemical Industry Co's highest Days Payable was 70.45. The lowest was 13.31. And the median was 33.25.

SZSE:300641's Days Payable is ranked worse than
80.11% of 1498 companies
in the Chemicals industry
Industry Median: 60.475 vs SZSE:300641: 30.75

Jiangsu Zhengdan Chemical Industry Co's Days Payable increased from Mar. 2023 (24.61) to Mar. 2024 (35.18). It may suggest that Jiangsu Zhengdan Chemical Industry Co delayed paying its suppliers.

Jiangsu Zhengdan Chemical Industry Co Days Payable Historical Data

The historical data trend for Jiangsu Zhengdan Chemical Industry 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 Zhengdan Chemical Industry Co Days Payable Chart

Jiangsu Zhengdan Chemical Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

34.00

18.18

13.31

13.98

32.50

Jiangsu Zhengdan Chemical Industry 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															24.61	26.33	23.19	34.48	35.18

Competitive Comparison of Jiangsu Zhengdan Chemical Industry Co's Days Payable

For the Chemicals subindustry, Jiangsu Zhengdan Chemical Industry 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 Zhengdan Chemical Industry Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangsu Zhengdan Chemical Industry Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangsu Zhengdan Chemical Industry Co's Days Payable falls into.

Jiangsu Zhengdan Chemical Industry 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 Zhengdan Chemical Industry 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
=	( (80.725	+	182.57)	/	2 )	/	1478.645	*	365
=	131.6475					/	1478.645	*	365
=	32.50

Jiangsu Zhengdan Chemical Industry 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
=	( (182.57	+	159.694)	/	2 )	/	443.849	*	365 / 4
=	171.132					/	443.849	*	365 / 4
=	35.18

Jiangsu Zhengdan Chemical Industry Co Days Payable Related Terms

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Jiangsu Zhengdan Chemical Industry Co (SZSE:300641) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Zhengdan Chemical Industry Co Ltd (SZSE:300641) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 18, Songlinshan Road, International Chemical Industrial Park, Zhenjiang New District, Jiangsu Province, Jiangsu, CHN, 212132

Website

http://www.zhengdanchem.com

Jiangsu Zhengdan Chemical Industry Co Ltd is a Chinese company operating in the field of specialty fine chemicals. It is engaged in research and development, manufacturing and sales of new materials and fine chemicals. The company's product portfolio includes Vinyl toluene, High-flash aromatic naphthas, Trimellitic anhydride, and Trimethylbenzene, among others.

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