Shandong Shuangyi Technology Co (SZSE:300690) Days Payable : 148.75 (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Shandong Shuangyi Technology Co Days Payable?

Shandong Shuangyi Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥166.2 Mil. Shandong Shuangyi Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥102.0 Mil. Hence, Shandong Shuangyi Technology Co's Days Payable for the three months ended in Mar. 2024 was 148.75.

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

SZSE:300690' s Days Payable Range Over the Past 10 Years
Min: 66.15 Med: 81.5 Max: 135.16
Current: 133.24

During the past 12 years, Shandong Shuangyi Technology Co's highest Days Payable was 135.16. The lowest was 66.15. And the median was 81.50.

SZSE:300690's Days Payable is ranked better than
73.57% of 2932 companies
in the Industrial Products industry
Industry Median: 76.415 vs SZSE:300690: 133.24

Shandong Shuangyi Technology Co's Days Payable declined from Mar. 2023 (243.80) to Mar. 2024 (148.75). It may suggest that Shandong Shuangyi Technology Co accelerated paying its suppliers.

Shandong Shuangyi Technology Co Days Payable Historical Data

The historical data trend for Shandong Shuangyi Technology 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.

Shandong Shuangyi Technology Co Days Payable Chart

Shandong Shuangyi Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

82.99

76.82

104.56

97.11

135.16

Shandong Shuangyi Technology 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															243.80	161.97	137.94	96.93	148.75

Competitive Comparison of Shandong Shuangyi Technology Co's Days Payable

For the Metal Fabrication subindustry, Shandong Shuangyi Technology 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.

Shandong Shuangyi Technology Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shandong Shuangyi Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong Shuangyi Technology Co's Days Payable falls into.

Shandong Shuangyi Technology 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.

Shandong Shuangyi Technology 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
=	( (248.631	+	158.99)	/	2 )	/	550.375	*	365
=	203.8105					/	550.375	*	365
=	135.16

Shandong Shuangyi Technology 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
=	( (158.99	+	173.492)	/	2 )	/	101.978	*	365 / 4
=	166.241					/	101.978	*	365 / 4
=	148.75

Shandong Shuangyi Technology Co Days Payable Related Terms

Thank you for viewing the detailed overview of Shandong Shuangyi Technology Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Shandong Shuangyi Technology Co (SZSE:300690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong Shuangyi Technology Co Ltd (SZSE:300690) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1, Shuangyi Road, Xinhua Industrial Park, Decheng District, Shandong Province, Dezhou, CHN, 253007

Website

http://www.shuangyitec.com

Shandong Shuangyi Technology Co Ltd is a metal fabrication company based in China. The company is primarily engaged in the design, research and development, production, sales and service of composite products. The products are categorized into non-metallic mould machining, wind turbine nacelle cover, advanced composite materials, public and rail transit, yacht and boat, engineering and agricultural machinery and medical appliance.

Shandong Shuangyi Technology Co (SZSE:300690) Headlines

No Headlines