Shandong Newjf Technology Packaging Co (SZSE:301296) Days Payable : 120.43 (As of Mar. 2024)

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What is Shandong Newjf Technology Packaging Co Days Payable?

Shandong Newjf Technology Packaging Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥447 Mil. Shandong Newjf Technology Packaging Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥339 Mil. Hence, Shandong Newjf Technology Packaging Co's Days Payable for the three months ended in Mar. 2024 was 120.43.

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

SZSE:301296' s Days Payable Range Over the Past 10 Years
Min: 66.64 Med: 111.48 Max: 153.16
Current: 114.79

During the past 10 years, Shandong Newjf Technology Packaging Co's highest Days Payable was 153.16. The lowest was 66.64. And the median was 111.48.

SZSE:301296's Days Payable is ranked better than
84.11% of 365 companies
in the Packaging & Containers industry
Industry Median: 60.26 vs SZSE:301296: 114.79

Shandong Newjf Technology Packaging Co's Days Payable increased from Mar. 2023 (94.36) to Mar. 2024 (120.43). It may suggest that Shandong Newjf Technology Packaging Co delayed paying its suppliers.

Shandong Newjf Technology Packaging Co Days Payable Historical Data

The historical data trend for Shandong Newjf Technology Packaging 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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Shandong Newjf Technology Packaging Co Days Payable Chart

Shandong Newjf Technology Packaging Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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153.16

152.89

139.20

110.45

112.77

Shandong Newjf Technology Packaging Co Quarterly Data
	Dec15	Dec16	Dec17	Dec18	Dec19	Mar20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															94.36	105.01	142.96	106.07	120.43

Competitive Comparison of Shandong Newjf Technology Packaging Co's Days Payable

For the Packaging & Containers subindustry, Shandong Newjf Technology Packaging 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 Newjf Technology Packaging Co's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Shandong Newjf Technology Packaging Co's Days Payable distribution charts can be found below:

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

Shandong Newjf Technology Packaging 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 Newjf Technology Packaging 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
=	( (389.514	+	451.558)	/	2 )	/	1361.104	*	365
=	420.536					/	1361.104	*	365
=	112.77

Shandong Newjf Technology Packaging 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
=	( (451.558	+	442.204)	/	2 )	/	338.607	*	365 / 4
=	446.881					/	338.607	*	365 / 4
=	120.43

Shandong Newjf Technology Packaging Co Days Payable Related Terms

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Shandong Newjf Technology Packaging Co (SZSE:301296) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Shandong Newjf Technology Packaging Co Ltd (SZSE:301296) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Development Zone, Xiaoxie Town, Shandong Province, Xintai, CHN, 271221

Website

http://www.xinjufengpack.com

Shandong Xinjufeng Technology Packaging Co Ltd is engaged in the in the production of aseptic packaging materials for liquid food. Its business scope involves the research and development, production, sales of aseptic packaging materials and technical support for aseptic packaging equipment.

Shandong Newjf Technology Packaging Co (SZSE:301296) Headlines

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