Beijing Beimo High Tech Frictional Material Co (SZSE:002985) Days Payable : 539.20 (As of Mar. 2024)

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What is Beijing Beimo High Tech Frictional Material Co Days Payable?

Beijing Beimo High Tech Frictional Material Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥530.0 Mil. Beijing Beimo High Tech Frictional Material Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥89.7 Mil. Hence, Beijing Beimo High Tech Frictional Material Co's Days Payable for the three months ended in Mar. 2024 was 539.20.

The historical rank and industry rank for Beijing Beimo High Tech Frictional Material Co's Days Payable or its related term are showing as below:

SZSE:002985' s Days Payable Range Over the Past 10 Years
Min: 230.66 Med: 348 Max: 481.11
Current: 481.11

During the past 9 years, Beijing Beimo High Tech Frictional Material Co's highest Days Payable was 481.11. The lowest was 230.66. And the median was 348.00.

SZSE:002985's Days Payable is ranked better than
95.64% of 298 companies
in the Aerospace & Defense industry
Industry Median: 75.38 vs SZSE:002985: 481.11

Beijing Beimo High Tech Frictional Material Co's Days Payable increased from Mar. 2023 (386.68) to Mar. 2024 (539.20). It may suggest that Beijing Beimo High Tech Frictional Material Co delayed paying its suppliers.

Beijing Beimo High Tech Frictional Material Co Days Payable Historical Data

The historical data trend for Beijing Beimo High Tech Frictional Material 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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Beijing Beimo High Tech Frictional Material Co Days Payable Chart

Beijing Beimo High Tech Frictional Material Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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358.72

322.42

389.90

385.18

432.63

Beijing Beimo High Tech Frictional Material 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															386.68	412.49	658.91	406.55	539.20

Competitive Comparison of Beijing Beimo High Tech Frictional Material Co's Days Payable

For the Aerospace & Defense subindustry, Beijing Beimo High Tech Frictional Material 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.

Beijing Beimo High Tech Frictional Material Co's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Beijing Beimo High Tech Frictional Material Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Beijing Beimo High Tech Frictional Material Co's Days Payable falls into.

Beijing Beimo High Tech Frictional Material 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.

Beijing Beimo High Tech Frictional Material 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
=	( (382.356	+	527.324)	/	2 )	/	383.736	*	365
=	454.84					/	383.736	*	365
=	432.63

Beijing Beimo High Tech Frictional Material 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
=	( (527.324	+	532.754)	/	2 )	/	89.699	*	365 / 4
=	530.039					/	89.699	*	365 / 4
=	539.20

Beijing Beimo High Tech Frictional Material Co Days Payable Related Terms

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Beijing Beimo High Tech Frictional Material Co (SZSE:002985) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Beijing Beimo High Tech Frictional Material Co Ltd (SZSE:002985) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shahe Town, Changping District, High-tech Park, Zhengding County, North District, Hebei Province, Beijing, CHN, 102206

Website

http://www.bjgk.com

Beijing Beimo High Tech Frictional Material Co Ltd formerly Beijing Bei Mo Gao Ke Friction Material Co Ltd is engaged in production and sales of high-end equipment and brake products for military and civilian aerospace vehicle landing gear landing systems, tank armored vehicles, high-speed trains and other high-end equipment. The company's products include brake wheels, brake system, aircraft landing gear.

Executives

Zheng Dan	Directors, executives
Chen Jian Feng	Directors, executives
Wang Shu Min	Director
Liu Yang	Directors, executives
Yan Rong Xin	Supervisors
Xia Qing Song	Supervisors
Zhang Qiu Lai	Supervisors
Li Rong Li	Executives

Beijing Beimo High Tech Frictional Material Co (SZSE:002985) Headlines

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