Donglai Coating Technology (Shanghai) Co (SHSE:688129) Days Payable : 62.77 (As of Mar. 2024)

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What is Donglai Coating Technology (Shanghai) Co Days Payable?

Donglai Coating Technology (Shanghai) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥47.6 Mil. Donglai Coating Technology (Shanghai) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥69.2 Mil. Hence, Donglai Coating Technology (Shanghai) Co's Days Payable for the three months ended in Mar. 2024 was 62.77.

The historical rank and industry rank for Donglai Coating Technology (Shanghai) Co's Days Payable or its related term are showing as below:

SHSE:688129' s Days Payable Range Over the Past 10 Years
Min: 49.3 Med: 61.57 Max: 76.33
Current: 49.3

During the past 7 years, Donglai Coating Technology (Shanghai) Co's highest Days Payable was 76.33. The lowest was 49.30. And the median was 61.57.

SHSE:688129's Days Payable is ranked worse than
62.79% of 1497 companies
in the Chemicals industry
Industry Median: 60.59 vs SHSE:688129: 49.30

Donglai Coating Technology (Shanghai) Co's Days Payable declined from Mar. 2023 (66.22) to Mar. 2024 (62.77). It may suggest that Donglai Coating Technology (Shanghai) Co accelerated paying its suppliers.

Donglai Coating Technology (Shanghai) Co Days Payable Historical Data

The historical data trend for Donglai Coating Technology (Shanghai) 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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Donglai Coating Technology (Shanghai) Co Days Payable Chart

Donglai Coating Technology (Shanghai) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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61.57

71.46

64.29

76.33

54.10

Donglai Coating Technology (Shanghai) 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															66.22	51.23	46.51	48.57	62.77

Competitive Comparison of Donglai Coating Technology (Shanghai) Co's Days Payable

For the Specialty Chemicals subindustry, Donglai Coating Technology (Shanghai) 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.

Donglai Coating Technology (Shanghai) Co's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Donglai Coating Technology (Shanghai) Co's Days Payable falls into.

Donglai Coating Technology (Shanghai) 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.

Donglai Coating Technology (Shanghai) 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
=	( (49.551	+	53.718)	/	2 )	/	348.363	*	365
=	51.6345					/	348.363	*	365
=	54.10

Donglai Coating Technology (Shanghai) 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
=	( (53.718	+	41.501)	/	2 )	/	69.208	*	365 / 4
=	47.6095					/	69.208	*	365 / 4
=	62.77

Donglai Coating Technology (Shanghai) Co Days Payable Related Terms

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Donglai Coating Technology (Shanghai) Co (SHSE:688129) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Donglai Coating Technology (Shanghai) Co Ltd (SHSE:688129) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1221 Xinhe Road, Jiading Industrial Zone, Shanghai, CHN, 201807

Website

http://onwings.com.cn

Donglai Coating Technology (Shanghai) Co Ltd is engaged in automotive aftermarket refinish paint sales.

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