CIMCfeway Technologies Co (SZSE:301559) Days Payable : 54.00 (As of Mar. 2024)

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What is CIMCfeway Technologies Co Days Payable?

CIMCfeway Technologies Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥303 Mil. CIMCfeway Technologies Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥512 Mil. Hence, CIMCfeway Technologies Co's Days Payable for the three months ended in Mar. 2024 was 54.00.

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

SZSE:301559' s Days Payable Range Over the Past 10 Years
Min: 44.36 Med: 57.46 Max: 75.63
Current: 51.31

During the past 6 years, CIMCfeway Technologies Co's highest Days Payable was 75.63. The lowest was 44.36. And the median was 57.46.

SZSE:301559's Days Payable is ranked worse than
56.49% of 370 companies
in the Packaging & Containers industry
Industry Median: 58.225 vs SZSE:301559: 51.31

CIMCfeway Technologies Co's Days Payable increased from Mar. 2023 (53.99) to Mar. 2024 (54.00). It may suggest that CIMCfeway Technologies Co delayed paying its suppliers.

CIMCfeway Technologies Co Days Payable Historical Data

The historical data trend for CIMCfeway Technologies 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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CIMCfeway Technologies Co Days Payable Chart

CIMCfeway Technologies Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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69.20

63.38

44.36

51.53

49.41

CIMCfeway Technologies 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									53.99	50.10	50.88	67.00	54.00

Competitive Comparison of CIMCfeway Technologies Co's Days Payable

For the Packaging & Containers subindustry, CIMCfeway Technologies 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.

CIMCfeway Technologies Co's Days Payable Distribution in the Packaging & Containers Industry

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

* The bar in red indicates where CIMCfeway Technologies Co's Days Payable falls into.

CIMCfeway Technologies 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.

CIMCfeway Technologies 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
=	( (644.86	+	349.595)	/	2 )	/	3672.852	*	365
=	497.2275					/	3672.852	*	365
=	49.41

CIMCfeway Technologies 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
=	( (349.595	+	256.462)	/	2 )	/	512.099	*	365 / 4
=	303.0285					/	512.099	*	365 / 4
=	54.00

CIMCfeway Technologies Co Days Payable Related Terms

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CIMCfeway Technologies Co (SZSE:301559) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » CIMC Safeway Technologies Co Ltd (SZSE:301559) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 159, Chenggang Road, Jiangsu, Nantong, CHN, 226003

Website

https://www.cimctank.com

CIMC Safeway Technologies Co Ltd is engaged in the Design, development, manufacturing and sales of tank containers.

CIMCfeway Technologies Co (SZSE:301559) Headlines

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