Ganzhou Yihao New Materials Co (SZSE:301176) Days Payable : 98.85 (As of Mar. 2024)

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What is Ganzhou Yihao New Materials Co Days Payable?

Ganzhou Yihao New Materials Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥325 Mil. Ganzhou Yihao New Materials Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥300 Mil. Hence, Ganzhou Yihao New Materials Co's Days Payable for the three months ended in Mar. 2024 was 98.85.

The historical rank and industry rank for Ganzhou Yihao New Materials Co's Days Payable or its related term are showing as below:

SZSE:301176' s Days Payable Range Over the Past 10 Years
Min: 65.04 Med: 83.88 Max: 119.44
Current: 67.77

During the past 6 years, Ganzhou Yihao New Materials Co's highest Days Payable was 119.44. The lowest was 65.04. And the median was 83.88.

SZSE:301176's Days Payable is ranked worse than
50.25% of 2418 companies
in the Hardware industry
Industry Median: 67.94 vs SZSE:301176: 67.77

Ganzhou Yihao New Materials Co's Days Payable increased from Mar. 2023 (77.06) to Mar. 2024 (98.85). It may suggest that Ganzhou Yihao New Materials Co delayed paying its suppliers.

Ganzhou Yihao New Materials Co Days Payable Historical Data

The historical data trend for Ganzhou Yihao New Materials 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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Ganzhou Yihao New Materials Co Days Payable Chart

Ganzhou Yihao New Materials Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

84.54

65.04

71.85

83.88

Ganzhou Yihao New Materials Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial										77.06	54.84	44.67	63.04	98.85

Competitive Comparison of Ganzhou Yihao New Materials Co's Days Payable

For the Electronic Components subindustry, Ganzhou Yihao New Materials 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.

Ganzhou Yihao New Materials Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ganzhou Yihao New Materials Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ganzhou Yihao New Materials Co's Days Payable falls into.

Ganzhou Yihao New Materials 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.

Ganzhou Yihao New Materials 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
=	( (294.816	+	275.049)	/	2 )	/	1239.809	*	365
=	284.9325					/	1239.809	*	365
=	83.88

Ganzhou Yihao New Materials 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
=	( (275.049	+	374.915)	/	2 )	/	300.01	*	365 / 4
=	324.982					/	300.01	*	365 / 4
=	98.85

Ganzhou Yihao New Materials Co Days Payable Related Terms

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Ganzhou Yihao New Materials Co (SZSE:301176) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ganzhou Yihao New Materials Co Ltd (SZSE:301176) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 16, Metallurgical Road, Zhanggong District, Jiangxi Province, Ganzhou, CHN, 341000

Website

https://www.yihaonm.com

Ganzhou Yihao New Materials Co Ltd engaged in the research and development, manufacturing and sales of high-precision electrolytic copper foil and new electronic components. The company's main products are electronic circuit copper foil, aluminum-based copper clad laminate and circuit board.

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