Yinbang Clad Material Co (SZSE:300337) Days Payable : 33.88 (As of Mar. 2024)

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What is Yinbang Clad Material Co Days Payable?

Yinbang Clad Material Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥375 Mil. Yinbang Clad Material Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,011 Mil. Hence, Yinbang Clad Material Co's Days Payable for the three months ended in Mar. 2024 was 33.88.

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

SZSE:300337' s Days Payable Range Over the Past 10 Years
Min: 26.84 Med: 41.41 Max: 94.14
Current: 34.77

During the past 13 years, Yinbang Clad Material Co's highest Days Payable was 94.14. The lowest was 26.84. And the median was 41.41.

SZSE:300337's Days Payable is ranked worse than
82.12% of 1068 companies
in the Metals & Mining industry
Industry Median: 130.44 vs SZSE:300337: 34.77

Yinbang Clad Material Co's Days Payable declined from Mar. 2023 (37.58) to Mar. 2024 (33.88). It may suggest that Yinbang Clad Material Co accelerated paying its suppliers.

Yinbang Clad Material Co Days Payable Historical Data

The historical data trend for Yinbang Clad Material 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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Yinbang Clad Material Co Days Payable Chart

Yinbang Clad Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

44.34

50.52

38.48

32.62

29.24

Yinbang Clad Material 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															37.58	44.70	35.30	21.77	33.88

Competitive Comparison of Yinbang Clad Material Co's Days Payable

For the Aluminum subindustry, Yinbang Clad Material 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.

Yinbang Clad Material Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Yinbang Clad Material Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Yinbang Clad Material Co's Days Payable falls into.

Yinbang Clad Material 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.

Yinbang Clad Material 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
=	( (334.229	+	304.718)	/	2 )	/	3988.198	*	365
=	319.4735					/	3988.198	*	365
=	29.24

Yinbang Clad Material 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
=	( (304.718	+	445.594)	/	2 )	/	1010.532	*	365 / 4
=	375.156					/	1010.532	*	365 / 4
=	33.88

Yinbang Clad Material Co Days Payable Related Terms

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Yinbang Clad Material Co (SZSE:300337) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Yinbang Clad Material Co Ltd (SZSE:300337) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Houzhai, Hongshan Street, Wuxi New District, Wuxi, CHN, 214145

Website

http://www.cn-yinbang.com

Yinbang Clad Material Co Ltd is focusing on the research and development and production of aluminum clad material and multi-metal clad material. In addition, the company also focuses on metal processing, 3D printing and material research and development, sales and after-sale services. Its products are widely applied in fields like automobile heat exchangers, engineering machinery, air cooling in power station, rail transit, household appliances, aerospace, cellphone, and shipping.

Yinbang Clad Material Co (SZSE:300337) Headlines

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