Shenma Industry Co (SHSE:600810) Days Payable : 71.75 (As of Mar. 2024)

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What is Shenma Industry Co Days Payable?

Shenma Industry Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,339 Mil. Shenma Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,975 Mil. Hence, Shenma Industry Co's Days Payable for the three months ended in Mar. 2024 was 71.75.

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

SHSE:600810' s Days Payable Range Over the Past 10 Years
Min: 62.59 Med: 83.67 Max: 204.09
Current: 66.76

During the past 13 years, Shenma Industry Co's highest Days Payable was 204.09. The lowest was 62.59. And the median was 83.67.

SHSE:600810's Days Payable is ranked better than
55.82% of 1503 companies
in the Chemicals industry
Industry Median: 60.47 vs SHSE:600810: 66.76

Shenma Industry Co's Days Payable increased from Mar. 2023 (69.24) to Mar. 2024 (71.75). It may suggest that Shenma Industry Co delayed paying its suppliers.

Shenma Industry Co Days Payable Historical Data

The historical data trend for Shenma Industry 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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Shenma Industry Co Days Payable Chart

Shenma Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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143.73

204.09

110.63

65.47

70.20

Shenma Industry 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															69.24	82.70	54.86	62.64	71.75

Competitive Comparison of Shenma Industry Co's Days Payable

For the Specialty Chemicals subindustry, Shenma Industry 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.

Shenma Industry Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shenma Industry Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenma Industry Co's Days Payable falls into.

Shenma Industry 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.

Shenma Industry 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
=	( (2010.224	+	2339.049)	/	2 )	/	11306.58	*	365
=	2174.6365					/	11306.58	*	365
=	70.20

Shenma Industry 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
=	( (2339.049	+	2339.505)	/	2 )	/	2975.042	*	365 / 4
=	2339.277					/	2975.042	*	365 / 4
=	71.75

Shenma Industry Co Days Payable Related Terms

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Shenma Industry Co (SHSE:600810) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenma Industry Co Ltd (SHSE:600810) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 63 Jianshe Middle Road, Pingdingshan, Henan, CHN, 467000

Website

http://www.shenma.com

Shenma Industry Co Ltd is engaged in the production and distribution of Nylon 66 tyre cord fabric and other types of industrial yarn in China. Its products include dry adipic acid, cyclohexanol, cyclohexane, nylon 66 grey cloth, nylon 66 dipped type cord fabric, nylon 66 dipping tire bead cloth, nylon 66 dipping canvas, and nylon 66 industrial yarn.

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