Weihai Guangwei Composites Co (SZSE:300699) Days Payable : 146.53 (As of Mar. 2024)

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What is Weihai Guangwei Composites Co Days Payable?

Weihai Guangwei Composites Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥436 Mil. Weihai Guangwei Composites Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥271 Mil. Hence, Weihai Guangwei Composites Co's Days Payable for the three months ended in Mar. 2024 was 146.53.

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

SZSE:300699' s Days Payable Range Over the Past 10 Years
Min: 108.16 Med: 139.96 Max: 187.89
Current: 129.26

During the past 12 years, Weihai Guangwei Composites Co's highest Days Payable was 187.89. The lowest was 108.16. And the median was 139.96.

SZSE:300699's Days Payable is ranked better than
85.5% of 1503 companies
in the Chemicals industry
Industry Median: 60.89 vs SZSE:300699: 129.26

Weihai Guangwei Composites Co's Days Payable declined from Mar. 2023 (146.56) to Mar. 2024 (146.53). It may suggest that Weihai Guangwei Composites Co accelerated paying its suppliers.

Weihai Guangwei Composites Co Days Payable Historical Data

The historical data trend for Weihai Guangwei Composites 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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Weihai Guangwei Composites Co Days Payable Chart

Weihai Guangwei Composites Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

135.50

134.85

129.10

165.32

149.27

Weihai Guangwei Composites 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															146.56	116.89	144.90	127.63	146.53

Competitive Comparison of Weihai Guangwei Composites Co's Days Payable

For the Chemicals subindustry, Weihai Guangwei Composites 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.

Weihai Guangwei Composites Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Weihai Guangwei Composites Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Weihai Guangwei Composites Co's Days Payable falls into.

Weihai Guangwei Composites 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.

Weihai Guangwei Composites 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
=	( (542.079	+	515.127)	/	2 )	/	1292.554	*	365
=	528.603					/	1292.554	*	365
=	149.27

Weihai Guangwei Composites 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
=	( (515.127	+	356.041)	/	2 )	/	271.257	*	365 / 4
=	435.584					/	271.257	*	365 / 4
=	146.53

Weihai Guangwei Composites Co Days Payable Related Terms

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Weihai Guangwei Composites Co (SZSE:300699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Weihai Guangwei Composites Co Ltd (SZSE:300699) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Tianjin High Road - 130, Hi-Tech District, Shandong Province, Weihai, CHN, 264202

Website

http://www.gwcfc.com

Weihai Guangwei Composites Co Ltd is engaged in research, development, and production of advanced composites. It offers carbon, reinforced fiber fabric, prepregs and composite products. It is also engaged in equipment manufacturing. The company's composites and products are widely applied in various industries which include wind power, shipbuilding, sports industry, transportation industry, medical apparatus and instrument, textile machinery, industrial machinery, musical equipment, photographic equipment and the building.

Weihai Guangwei Composites Co (SZSE:300699) Headlines

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