China Rare Earth Resources & Technology Co (SZSE:000831) Days Payable : 25.31 (As of Mar. 2024)

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What is China Rare Earth Resources & Technology Co Days Payable?

China Rare Earth Resources & Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥80 Mil. China Rare Earth Resources & Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥289 Mil. Hence, China Rare Earth Resources & Technology Co's Days Payable for the three months ended in Mar. 2024 was 25.31.

The historical rank and industry rank for China Rare Earth Resources & Technology Co's Days Payable or its related term are showing as below:

SZSE:000831' s Days Payable Range Over the Past 10 Years
Min: 1.19 Med: 8.27 Max: 43.18
Current: 43.18

During the past 13 years, China Rare Earth Resources & Technology Co's highest Days Payable was 43.18. The lowest was 1.19. And the median was 8.27.

SZSE:000831's Days Payable is ranked worse than
67.95% of 1501 companies
in the Chemicals industry
Industry Median: 60.45 vs SZSE:000831: 43.18

China Rare Earth Resources & Technology Co's Days Payable increased from Mar. 2023 (17.06) to Mar. 2024 (25.31). It may suggest that China Rare Earth Resources & Technology Co delayed paying its suppliers.

China Rare Earth Resources & Technology Co Days Payable Historical Data

The historical data trend for China Rare Earth Resources & 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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China Rare Earth Resources & Technology Co Days Payable Chart

China Rare Earth Resources & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

25.51

26.89

7.18

5.34

8.73

China Rare Earth Resources & 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															17.06	74.98	29.96	42.84	25.31

Competitive Comparison of China Rare Earth Resources & Technology Co's Days Payable

For the Specialty Chemicals subindustry, China Rare Earth Resources & 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.

China Rare Earth Resources & Technology Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, China Rare Earth Resources & Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China Rare Earth Resources & Technology Co's Days Payable falls into.

China Rare Earth Resources & 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.

China Rare Earth Resources & 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
=	( (69.504	+	78.575)	/	2 )	/	3096.853	*	365
=	74.0395					/	3096.853	*	365
=	8.73

China Rare Earth Resources & 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
=	( (78.575	+	81.475)	/	2 )	/	288.564	*	365 / 4
=	80.025					/	288.564	*	365 / 4
=	25.31

China Rare Earth Resources & Technology Co Days Payable Related Terms

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China Rare Earth Resources & Technology Co (SZSE:000831) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Rare Earth Resources & Technology Co Ltd (SZSE:000831) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18 Zhangjiang South Avenue, 15th Floor, Building A, Haode Ginza, Zhanggong District, Jiangxi Province, Ganzhou, CHN, 341000

Website

http://www.cmreltd.com

China Rare Earth Resources & Technology Co Ltd is principally engaged in the production and sales of rare earth oxides. It is mainly engaged in the operation and trade of rare earth oxides, rare earth metals and rare earth deep processing products, as well as rare earth technology research and development and consulting services. The company's leading product include high-purity single rare earth oxides and rare earth co-precipitate products. Geographically activities are carried out through China.

China Rare Earth Resources & Technology Co (SZSE:000831) Headlines

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