Jiujiang Defu Technology Co (SZSE:301511) Days Payable : 144.11 (As of Mar. 2024)

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What is Jiujiang Defu Technology Co Days Payable?

Jiujiang Defu Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,938 Mil. Jiujiang Defu Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,227 Mil. Hence, Jiujiang Defu Technology Co's Days Payable for the three months ended in Mar. 2024 was 144.11.

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

SZSE:301511' s Days Payable Range Over the Past 10 Years
Min: 19.06 Med: 118.52 Max: 228.68
Current: 143.74

During the past 6 years, Jiujiang Defu Technology Co's highest Days Payable was 228.68. The lowest was 19.06. And the median was 118.52.

SZSE:301511's Days Payable is ranked better than
51.5% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs SZSE:301511: 143.74

Jiujiang Defu Technology Co's Days Payable declined from Mar. 2023 (198.32) to Mar. 2024 (144.11). It may suggest that Jiujiang Defu Technology Co accelerated paying its suppliers.

Jiujiang Defu Technology Co Days Payable Historical Data

The historical data trend for Jiujiang Defu 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.

Jiujiang Defu Technology Co Days Payable Chart

Jiujiang Defu Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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195.89

228.68

116.92

111.96

120.12

Jiujiang Defu Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial									198.32	155.27	137.03	142.03	144.11

Competitive Comparison of Jiujiang Defu Technology Co's Days Payable

For the Copper subindustry, Jiujiang Defu 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.

Jiujiang Defu Technology Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Jiujiang Defu Technology Co's Days Payable distribution charts can be found below:

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

Jiujiang Defu 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.

Jiujiang Defu 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
=	( (2214.106	+	1759.681)	/	2 )	/	6037.366	*	365
=	1986.8935					/	6037.366	*	365
=	120.12

Jiujiang Defu 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
=	( (1759.681	+	2117.09)	/	2 )	/	1227.417	*	365 / 4
=	1938.3855					/	1227.417	*	365 / 4
=	144.11

Jiujiang Defu Technology Co Days Payable Related Terms

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Jiujiang Defu Technology Co (SZSE:301511) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jiujiang Defu Technology Co Ltd (SZSE:301511) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 15, Shunyi Road, Automobile Industrial Park, Development Zone, Jiangxi Province, Jiujiang, CHN, 332005

Website

http://www.jjdefu.com

Jiujiang Defu Technology Co Ltd is engaged in the research and development, production and sales of various high-performance electrolytic copper foils. The products mainly include various high-performance lithium battery copper foils and electronic circuit copper foils.

Jiujiang Defu Technology Co (SZSE:301511) Headlines

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