Yueyang Xingchang Petro-Chemical Co (SZSE:000819) Days Payable : 38.88 (As of Mar. 2024)

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What is Yueyang Xingchang Petro-Chemical Co Days Payable?

Yueyang Xingchang Petro-Chemical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥287 Mil. Yueyang Xingchang Petro-Chemical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥675 Mil. Hence, Yueyang Xingchang Petro-Chemical Co's Days Payable for the three months ended in Mar. 2024 was 38.88.

The historical rank and industry rank for Yueyang Xingchang Petro-Chemical Co's Days Payable or its related term are showing as below:

SZSE:000819' s Days Payable Range Over the Past 10 Years
Min: 7.28 Med: 10.82 Max: 30.59
Current: 24.64

During the past 13 years, Yueyang Xingchang Petro-Chemical Co's highest Days Payable was 30.59. The lowest was 7.28. And the median was 10.82.

SZSE:000819's Days Payable is ranked worse than
86.04% of 1497 companies
in the Chemicals industry
Industry Median: 60.59 vs SZSE:000819: 24.64

Yueyang Xingchang Petro-Chemical Co's Days Payable increased from Mar. 2023 (11.79) to Mar. 2024 (38.88). It may suggest that Yueyang Xingchang Petro-Chemical Co delayed paying its suppliers.

Yueyang Xingchang Petro-Chemical Co Days Payable Historical Data

The historical data trend for Yueyang Xingchang Petro-Chemical 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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Yueyang Xingchang Petro-Chemical Co Days Payable Chart

Yueyang Xingchang Petro-Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

7.28

9.36

16.31

12.21

30.59

Yueyang Xingchang Petro-Chemical 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															11.79	14.30	12.46	31.79	38.88

Competitive Comparison of Yueyang Xingchang Petro-Chemical Co's Days Payable

For the Chemicals subindustry, Yueyang Xingchang Petro-Chemical 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.

Yueyang Xingchang Petro-Chemical Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Yueyang Xingchang Petro-Chemical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Yueyang Xingchang Petro-Chemical Co's Days Payable falls into.

Yueyang Xingchang Petro-Chemical 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.

Yueyang Xingchang Petro-Chemical 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
=	( (81.174	+	340.332)	/	2 )	/	2514.77	*	365
=	210.753					/	2514.77	*	365
=	30.59

Yueyang Xingchang Petro-Chemical 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
=	( (340.332	+	234.575)	/	2 )	/	674.653	*	365 / 4
=	287.4535					/	674.653	*	365 / 4
=	38.88

Yueyang Xingchang Petro-Chemical Co Days Payable Related Terms

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Yueyang Xingchang Petro-Chemical Co (SZSE:000819) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Yueyang Xingchang Petro-Chemical Co Ltd (SZSE:000819) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Yuxi District, Yueyang, Hunan, CHN, 414012

Website

http://www.yyxc0819.com

Yueyang Xingchang Petro-Chemical Co Ltd is a company primarily engaged in the manufacturing of petroleum chemical products. Its main products include polypropylene, liquefied gas, propylene, and methyl tertiary butyl ether (MTBE). Geographically, the activities are carried out through China.

Executives

Xie Lu Guo	Independent director
Liu Qing Rui	Directors, executives
Lv Qin Hai	Supervisors
Peng Shi Dai	Director
Zhang Quan Bin	Supervisors
Deng He Ping	Director
Yi Da Sheng	Director

Yueyang Xingchang Petro-Chemical Co (SZSE:000819) Headlines

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