Shandong Molong Petroleum Machinery Co (SZSE:002490) Days Payable : 164.22 (As of Dec. 2023)

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What is Shandong Molong Petroleum Machinery Co Days Payable?

Shandong Molong Petroleum Machinery Co's average Accounts Payable for the three months ended in Dec. 2023 was ¥515.5 Mil. Shandong Molong Petroleum Machinery Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥286.5 Mil. Hence, Shandong Molong Petroleum Machinery Co's Days Payable for the three months ended in Dec. 2023 was 164.22.

The historical rank and industry rank for Shandong Molong Petroleum Machinery Co's Days Payable or its related term are showing as below:

SZSE:002490' s Days Payable Range Over the Past 10 Years
Min: 69.83 Med: 131.11 Max: 254.48
Current: 252.06

During the past 13 years, Shandong Molong Petroleum Machinery Co's highest Days Payable was 254.48. The lowest was 69.83. And the median was 131.11.

SZSE:002490's Days Payable is ranked better than
84.98% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs SZSE:002490: 252.06

Shandong Molong Petroleum Machinery Co's Days Payable increased from Dec. 2022 (122.67) to Dec. 2023 (164.22). It may suggest that Shandong Molong Petroleum Machinery Co delayed paying its suppliers.

Shandong Molong Petroleum Machinery Co Days Payable Historical Data

The historical data trend for Shandong Molong Petroleum Machinery 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 Molong Petroleum Machinery Co Days Payable Chart

Shandong Molong Petroleum Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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104.29

124.21

71.11

82.60

168.27

Shandong Molong Petroleum Machinery Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															147.44	149.98	267.85	164.22	-

Competitive Comparison of Shandong Molong Petroleum Machinery Co's Days Payable

For the Oil & Gas Equipment & Services subindustry, Shandong Molong Petroleum Machinery 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 Molong Petroleum Machinery Co's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Shandong Molong Petroleum Machinery Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong Molong Petroleum Machinery Co's Days Payable falls into.

Shandong Molong Petroleum Machinery 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 Molong Petroleum Machinery 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
=	( (611.264	+	509.647)	/	2 )	/	1215.72	*	365
=	560.4555					/	1215.72	*	365
=	168.27

Shandong Molong Petroleum Machinery Co'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (521.39	+	509.647)	/	2 )	/	286.452	*	365 / 4
=	515.5185					/	286.452	*	365 / 4
=	164.22

Shandong Molong Petroleum Machinery Co Days Payable Related Terms

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Shandong Molong Petroleum Machinery Co (SZSE:002490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shandong Molong Petroleum Machinery Co Ltd (SZSE:002490) » Definitions » Days Payable

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SHANY:USA SHANF:USA 00568:Hong Kong

Address

No. 99 Xingshang Road, Gucheng Street, Shandong Province, Shouguang, CHN, 262700

Website

http://www.molonggroup.com

Shandong Molong Petroleum Machinery Co Ltd is mainly engaged in design, research and development, processing and manufacturing, sales service and export trade of products for the energy equipment industry. The main products included petroleum-drilling machinery equipment, petroleum and natural gas transportation equipment, petroleum and natural gas exploitation equipment, and major critical components and castings and forgings products. The company's products are mainly used in petroleum, natural gas, coalbed methane, shale gas and other energy drilling, machinery processing, and urban pipe network. The sales of pipe products accounted for over 80% of the company's revenue.

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