Chongqing Fenghwa Group Co (SHSE:600615) Days Payable : 101.15 (As of Mar. 2024)

View and export this data going back to 1992. Start your Free Trial

What is Chongqing Fenghwa Group Co Days Payable?

Chongqing Fenghwa Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥28.6 Mil. Chongqing Fenghwa Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥25.8 Mil. Hence, Chongqing Fenghwa Group Co's Days Payable for the three months ended in Mar. 2024 was 101.15.

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

SHSE:600615' s Days Payable Range Over the Past 10 Years
Min: 35.51 Med: 55.04 Max: 75.04
Current: 61.11

During the past 13 years, Chongqing Fenghwa Group Co's highest Days Payable was 75.04. The lowest was 35.51. And the median was 55.04.

SHSE:600615's Days Payable is ranked worse than
61.27% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs SHSE:600615: 61.11

Chongqing Fenghwa Group Co's Days Payable increased from Mar. 2023 (57.53) to Mar. 2024 (101.15). It may suggest that Chongqing Fenghwa Group Co delayed paying its suppliers.

Chongqing Fenghwa Group Co Days Payable Historical Data

The historical data trend for Chongqing Fenghwa Group 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.

* Premium members only.

Chongqing Fenghwa Group Co Days Payable Chart

Chongqing Fenghwa Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

58.61

75.04

51.78

54.09

65.55

Chongqing Fenghwa Group 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															57.53	41.42	63.26	60.62	101.15

Competitive Comparison of Chongqing Fenghwa Group Co's Days Payable

For the Metal Fabrication subindustry, Chongqing Fenghwa Group 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.

Chongqing Fenghwa Group Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chongqing Fenghwa Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Chongqing Fenghwa Group Co's Days Payable falls into.

Chongqing Fenghwa Group 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.

Chongqing Fenghwa Group 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
=	( (17.782	+	32.367)	/	2 )	/	139.626	*	365
=	25.0745					/	139.626	*	365
=	65.55

Chongqing Fenghwa Group 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
=	( (32.367	+	24.734)	/	2 )	/	25.755	*	365 / 4
=	28.5505					/	25.755	*	365 / 4
=	101.15

Chongqing Fenghwa Group Co Days Payable Related Terms

Thank you for viewing the detailed overview of Chongqing Fenghwa Group Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Chongqing Fenghwa Group Co (SHSE:600615) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chongqing Fenghwa Group Co Ltd (SHSE:600615) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Sendi Avenue, Building 1, Xipeng Town, Jiulongpo District, Chongqing, CHN, 400051

Website

http://www.fenghwa.sh.cn

Chongqing Fenghwa Group Co Ltd mainly produces magnesium alloy and aluminum alloy products, including magnesium alloy steering wheel frame, aluminum alloy steering wheel frame, hand tools, extruded profiles, motorcycle parts, and others.

Executives

He Guo Qing

Supervisors

Chongqing Fenghwa Group Co (SHSE:600615) Headlines

No Headlines