Guangdong Xinhui Meida Nylon Co (SZSE:000782) Days Payable : 101.38 (As of Mar. 2024)

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What is Guangdong Xinhui Meida Nylon Co Days Payable?

Guangdong Xinhui Meida Nylon Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥813 Mil. Guangdong Xinhui Meida Nylon Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥732 Mil. Hence, Guangdong Xinhui Meida Nylon Co's Days Payable for the three months ended in Mar. 2024 was 101.38.

The historical rank and industry rank for Guangdong Xinhui Meida Nylon Co's Days Payable or its related term are showing as below:

SZSE:000782' s Days Payable Range Over the Past 10 Years
Min: 75.02 Med: 89.41 Max: 108.68
Current: 100.45

During the past 13 years, Guangdong Xinhui Meida Nylon Co's highest Days Payable was 108.68. The lowest was 75.02. And the median was 89.41.

SZSE:000782's Days Payable is ranked better than
75.83% of 1502 companies
in the Chemicals industry
Industry Median: 60.55 vs SZSE:000782: 100.45

Guangdong Xinhui Meida Nylon Co's Days Payable declined from Mar. 2023 (113.77) to Mar. 2024 (101.38). It may suggest that Guangdong Xinhui Meida Nylon Co accelerated paying its suppliers.

Guangdong Xinhui Meida Nylon Co Days Payable Historical Data

The historical data trend for Guangdong Xinhui Meida Nylon 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.

Guangdong Xinhui Meida Nylon Co Days Payable Chart

Guangdong Xinhui Meida Nylon Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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84.46

99.18

91.36

104.30

102.48

Guangdong Xinhui Meida Nylon 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															113.77	107.78	98.01	100.37	101.38

Competitive Comparison of Guangdong Xinhui Meida Nylon Co's Days Payable

For the Chemicals subindustry, Guangdong Xinhui Meida Nylon 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.

Guangdong Xinhui Meida Nylon Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Guangdong Xinhui Meida Nylon Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Guangdong Xinhui Meida Nylon Co's Days Payable falls into.

Guangdong Xinhui Meida Nylon 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.

Guangdong Xinhui Meida Nylon 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
=	( (673.225	+	864.51)	/	2 )	/	2738.495	*	365
=	768.8675					/	2738.495	*	365
=	102.48

Guangdong Xinhui Meida Nylon 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
=	( (864.51	+	761.382)	/	2 )	/	731.73	*	365 / 4
=	812.946					/	731.73	*	365 / 4
=	101.38

Guangdong Xinhui Meida Nylon Co Days Payable Related Terms

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Guangdong Xinhui Meida Nylon Co (SZSE:000782) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Xinhui Meida Nylon Co Ltd (SZSE:000782) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Shallow mouth, Jianghui Road, Huicheng Town, Xinhui District, Guangdong Province, Jiangmen, CHN, 529100

Website

http://www.meidanylon.com

Guangdong Xinhui Meida Nylon Co Ltd is engaged in the chemical fiber business. It covers polymerization, spinning, knitting and printing and dyeing activities. It offers nylon 6 antibacterial fiber, moisture-wicking fiber, conductive fiber, anti-static fiber, anti-UV fiber, far-infrared fiber and others. Geographically the business activities are carried out through China.

Executives

Li Jian Zhi	Director
He Hong Sheng	Director
Shen Jian Fei	Director
Liang Jin An	Director
Liang Bai Song	Director

Guangdong Xinhui Meida Nylon Co (SZSE:000782) Headlines

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