Nine Dragons Paper (Holdings) (Nine Dragons Paper (Holdings)) Days Payable : 71.42 (As of Dec. 2023)

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What is Nine Dragons Paper (Holdings) Days Payable?

Nine Dragons Paper (Holdings)'s average Accounts Payable for the six months ended in Dec. 2023 was $1,529 Mil. Nine Dragons Paper (Holdings)'s Cost of Goods Sold for the six months ended in Dec. 2023 was $3,908 Mil. Hence, Nine Dragons Paper (Holdings)'s Days Payable for the six months ended in Dec. 2023 was 71.42.

The historical rank and industry rank for Nine Dragons Paper (Holdings)'s Days Payable or its related term are showing as below:

NDGPY' s Days Payable Range Over the Past 10 Years
Min: 23.64 Med: 43.54 Max: 69.84
Current: 69.84

During the past 13 years, Nine Dragons Paper (Holdings)'s highest Days Payable was 69.84. The lowest was 23.64. And the median was 43.54.

NDGPY's Days Payable is ranked better than
61.07% of 280 companies
in the Forest Products industry
Industry Median: 56.04 vs NDGPY: 69.84

Nine Dragons Paper (Holdings)'s Days Payable increased from Dec. 2022 (45.16) to Dec. 2023 (71.42). It may suggest that Nine Dragons Paper (Holdings) delayed paying its suppliers.

Nine Dragons Paper (Holdings) Days Payable Historical Data

The historical data trend for Nine Dragons Paper (Holdings)'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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Nine Dragons Paper (Holdings) Days Payable Chart

Nine Dragons Paper (Holdings) Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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35.89

48.76

34.08

35.52

55.47

Nine Dragons Paper (Holdings) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															29.28	40.05	45.16	66.60	71.42

Competitive Comparison of Nine Dragons Paper (Holdings)'s Days Payable

For the Paper & Paper Products subindustry, Nine Dragons Paper (Holdings)'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.

Nine Dragons Paper (Holdings)'s Days Payable Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Nine Dragons Paper (Holdings)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Nine Dragons Paper (Holdings)'s Days Payable falls into.

Nine Dragons Paper (Holdings) 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.

Nine Dragons Paper (Holdings)'s Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (995.929	+	1347.268)	/	2 )	/	7709.279	*	365
=	1171.5985					/	7709.279	*	365
=	55.47

Nine Dragons Paper (Holdings)'s Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1347.268	+	1711.614)	/	2 )	/	3908.238	*	365 / 2
=	1529.441					/	3908.238	*	365 / 2
=	71.42

Nine Dragons Paper (Holdings) Days Payable Related Terms

Thank you for viewing the detailed overview of Nine Dragons Paper (Holdings)'s Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Nine Dragons Paper (Holdings) (Nine Dragons Paper (Holdings)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Nine Dragons Paper (Holdings) Ltd (OTCPK:NDGPY) » Definitions » Days Payable

Traded in Other Exchanges

NDGPF:USA 02689:Hong Kong N3Y:Germany

Address

No.12, Xincheng Road, Songshan Lake High-Tech Industrial Development Zone, Guangdong Province, Dongguan, CHN

Website

http://www.ndpaper.com

Nine Dragons Paper (Holdings) Ltd operates as a paper products manufacturer. The company predominantly produces liner board, corrugating medium, and coated duplex boards. In addition to packaging paperboard, the Group is also engaged in the production of printing and writing a paper in Dongguan and Taicang and the development of packaging paperboard and specialty paper production in Leshan, Sichuan Province. Substantial part of the company's revenues are generated from the sale of packaging paper and the rest from sales of printing and writing paper, high-value specialty paper products, and Pulp.

Nine Dragons Paper (Holdings) (Nine Dragons Paper (Holdings)) Headlines

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