Argus (Shanghai) Textile Chemicals Co (SHSE:603790) Days Payable : 96.52 (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Argus (Shanghai) Textile Chemicals Co Days Payable?

Argus (Shanghai) Textile Chemicals Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥159.1 Mil. Argus (Shanghai) Textile Chemicals Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥150.4 Mil. Hence, Argus (Shanghai) Textile Chemicals Co's Days Payable for the three months ended in Mar. 2024 was 96.52.

The historical rank and industry rank for Argus (Shanghai) Textile Chemicals Co's Days Payable or its related term are showing as below:

SHSE:603790' s Days Payable Range Over the Past 10 Years
Min: 41.5 Med: 52.04 Max: 88.89
Current: 88.89

During the past 10 years, Argus (Shanghai) Textile Chemicals Co's highest Days Payable was 88.89. The lowest was 41.50. And the median was 52.04.

SHSE:603790's Days Payable is ranked better than
70.33% of 1503 companies
in the Chemicals industry
Industry Median: 60.28 vs SHSE:603790: 88.89

Argus (Shanghai) Textile Chemicals Co's Days Payable increased from Mar. 2023 (55.82) to Mar. 2024 (96.52). It may suggest that Argus (Shanghai) Textile Chemicals Co delayed paying its suppliers.

Argus (Shanghai) Textile Chemicals Co Days Payable Historical Data

The historical data trend for Argus (Shanghai) Textile Chemicals 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.

Argus (Shanghai) Textile Chemicals Co Days Payable Chart

Argus (Shanghai) Textile Chemicals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

44.20

54.74

56.87

58.40

77.87

Argus (Shanghai) Textile Chemicals 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															55.82	68.79	87.32	112.03	96.52

Competitive Comparison of Argus (Shanghai) Textile Chemicals Co's Days Payable

For the Specialty Chemicals subindustry, Argus (Shanghai) Textile Chemicals 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.

Argus (Shanghai) Textile Chemicals Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Argus (Shanghai) Textile Chemicals Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Argus (Shanghai) Textile Chemicals Co's Days Payable falls into.

Argus (Shanghai) Textile Chemicals 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.

Argus (Shanghai) Textile Chemicals 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
=	( (68.295	+	165.48)	/	2 )	/	547.898	*	365
=	116.8875					/	547.898	*	365
=	77.87

Argus (Shanghai) Textile Chemicals 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
=	( (165.48	+	152.702)	/	2 )	/	150.405	*	365 / 4
=	159.091					/	150.405	*	365 / 4
=	96.52

Argus (Shanghai) Textile Chemicals Co Days Payable Related Terms

Thank you for viewing the detailed overview of Argus (Shanghai) Textile Chemicals Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Argus (Shanghai) Textile Chemicals Co (SHSE:603790) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Argus (Shanghai) Textile Chemicals Co Ltd (SHSE:603790) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 388 Jinyuan Liu Road, Jiangqiao, Jiading, Room 275-278, Building 16, Shanghai, CHN, 201812

Website

http://www.argus.net.cn

Argus (Shanghai) Textile Chemicals Co Ltd is a Chinese company that manufactures dyes. The company is specialized in the research and development, manufacturing and marketing of textile chemicals and providing technical support services for several specialties. It offers Dyes for cellulose, polyamide, wool, polyester, and silk. While its other products categories include Argasoft products and other auxiliary services related to dying.

Argus (Shanghai) Textile Chemicals Co (SHSE:603790) Headlines

No Headlines