Atlantic China Welding Consumables (SHSE:600558) Days Payable : 26.29 (As of Mar. 2024)

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What is Atlantic China Welding Consumables Days Payable?

Atlantic China Welding Consumables's average Accounts Payable for the three months ended in Mar. 2024 was ¥246 Mil. Atlantic China Welding Consumables's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥853 Mil. Hence, Atlantic China Welding Consumables's Days Payable for the three months ended in Mar. 2024 was 26.29.

The historical rank and industry rank for Atlantic China Welding Consumables's Days Payable or its related term are showing as below:

SHSE:600558' s Days Payable Range Over the Past 10 Years
Min: 29.57 Med: 34.43 Max: 52.57
Current: 29.57

During the past 13 years, Atlantic China Welding Consumables's highest Days Payable was 52.57. The lowest was 29.57. And the median was 34.43.

SHSE:600558's Days Payable is ranked worse than
88.92% of 2933 companies
in the Industrial Products industry
Industry Median: 76.41 vs SHSE:600558: 29.57

Atlantic China Welding Consumables's Days Payable declined from Mar. 2023 (31.96) to Mar. 2024 (26.29). It may suggest that Atlantic China Welding Consumables accelerated paying its suppliers.

Atlantic China Welding Consumables Days Payable Historical Data

The historical data trend for Atlantic China Welding Consumables'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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Atlantic China Welding Consumables Days Payable Chart

Atlantic China Welding Consumables Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

33.05

34.00

32.66

34.19

32.93

Atlantic China Welding Consumables 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															31.96	30.24	29.30	33.93	26.29

Competitive Comparison of Atlantic China Welding Consumables's Days Payable

For the Specialty Industrial Machinery subindustry, Atlantic China Welding Consumables'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.

Atlantic China Welding Consumables's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Atlantic China Welding Consumables's Days Payable distribution charts can be found below:

* The bar in red indicates where Atlantic China Welding Consumables's Days Payable falls into.

Atlantic China Welding Consumables 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.

Atlantic China Welding Consumables'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
=	( (272.303	+	267.52)	/	2 )	/	2991.359	*	365
=	269.9115					/	2991.359	*	365
=	32.93

Atlantic China Welding Consumables'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
=	( (267.52	+	223.846)	/	2 )	/	852.888	*	365 / 4
=	245.683					/	852.888	*	365 / 4
=	26.29

Atlantic China Welding Consumables Days Payable Related Terms

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Atlantic China Welding Consumables (SHSE:600558) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Atlantic China Welding Consumables Inc (SHSE:600558) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 2 Machongkou Street, Da'an District, Zigong, Sichuan, CHN, 643010

Website

http://www.weldatlantic.com

Atlantic China Welding Consumables Inc is a welding consumable manufactory in China. Its products include mild steel electrodes, cellulose electrodes, high toughness electrodes, low alloy steel electrodes, hard facing electrodes, stainless steel electrodes, low-temperature steel electrodes, Mo and Cr-Mo heat resistant steel electrodes, and cast-iron electrodes. The company's products are widely used in power station boilers, pressure vessels, nuclear and space industries, bridges, ships, vehicles, petroleum and chemical industry, hydropower and thermal power stations.

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