Shanghai Sunglow Packaging Technology Co (SHSE:603499) Days Payable : 99.99 (As of Mar. 2024)

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What is Shanghai Sunglow Packaging Technology Co Days Payable?

Shanghai Sunglow Packaging Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥146.1 Mil. Shanghai Sunglow Packaging Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥133.3 Mil. Hence, Shanghai Sunglow Packaging Technology Co's Days Payable for the three months ended in Mar. 2024 was 99.99.

The historical rank and industry rank for Shanghai Sunglow Packaging Technology Co's Days Payable or its related term are showing as below:

SHSE:603499' s Days Payable Range Over the Past 10 Years
Min: 96.11 Med: 131.1 Max: 207.56
Current: 96.11

During the past 11 years, Shanghai Sunglow Packaging Technology Co's highest Days Payable was 207.56. The lowest was 96.11. And the median was 131.10.

SHSE:603499's Days Payable is ranked better than
75.68% of 370 companies
in the Packaging & Containers industry
Industry Median: 57.84 vs SHSE:603499: 96.11

Shanghai Sunglow Packaging Technology Co's Days Payable declined from Mar. 2023 (122.33) to Mar. 2024 (99.99). It may suggest that Shanghai Sunglow Packaging Technology Co accelerated paying its suppliers.

Shanghai Sunglow Packaging Technology Co Days Payable Historical Data

The historical data trend for Shanghai Sunglow Packaging Technology 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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Shanghai Sunglow Packaging Technology Co Days Payable Chart

Shanghai Sunglow Packaging Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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154.94

112.79

100.03

113.25

103.06

Shanghai Sunglow Packaging Technology 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															122.33	102.63	95.07	86.87	99.99

Competitive Comparison of Shanghai Sunglow Packaging Technology Co's Days Payable

For the Packaging & Containers subindustry, Shanghai Sunglow Packaging Technology 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.

Shanghai Sunglow Packaging Technology Co's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Shanghai Sunglow Packaging Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai Sunglow Packaging Technology Co's Days Payable falls into.

Shanghai Sunglow Packaging Technology 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.

Shanghai Sunglow Packaging Technology 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
=	( (168.715	+	147.001)	/	2 )	/	559.049	*	365
=	157.858					/	559.049	*	365
=	103.06

Shanghai Sunglow Packaging Technology 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
=	( (147.001	+	145.11)	/	2 )	/	133.289	*	365 / 4
=	146.0555					/	133.289	*	365 / 4
=	99.99

Shanghai Sunglow Packaging Technology Co Days Payable Related Terms

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Shanghai Sunglow Packaging Technology Co (SHSE:603499) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Shanghai Sunglow Packaging Technology Co Ltd (SHSE:603499) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

299 Cuibo Road, Pudong District, Shanghai, CHN, 201315

Website

http://www.sunglow-tec.com

Shanghai Sunglow Packaging Technology Co Ltd is mainly engaged in research and development, production and sales of related packaging and printing products in China. Its products mainly include color box products, label products hand bag, blister and carton.

Executives

Dong Jian Jun	Director
Song Li Na	Director
Cao Jun	Director
Chen Ai Ping	Director
Tang Hui	Director
Ling Yun	Director

Shanghai Sunglow Packaging Technology Co (SHSE:603499) Headlines

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