Xinjiang Machinery Research Institute Co (SZSE:300159) Days Payable : 874.98 (As of Mar. 2024)

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What is Xinjiang Machinery Research Institute Co Days Payable?

Xinjiang Machinery Research Institute Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥268 Mil. Xinjiang Machinery Research Institute Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥28 Mil. Hence, Xinjiang Machinery Research Institute Co's Days Payable for the three months ended in Mar. 2024 was 874.98.

The historical rank and industry rank for Xinjiang Machinery Research Institute Co's Days Payable or its related term are showing as below:

SZSE:300159' s Days Payable Range Over the Past 10 Years
Min: 115.66 Med: 147.67 Max: 317.12
Current: 162.47

During the past 13 years, Xinjiang Machinery Research Institute Co's highest Days Payable was 317.12. The lowest was 115.66. And the median was 147.67.

SZSE:300159's Days Payable is ranked better than
79.02% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 72.84 vs SZSE:300159: 162.47

Xinjiang Machinery Research Institute Co's Days Payable declined from Mar. 2023 (1,043.83) to Mar. 2024 (874.98). It may suggest that Xinjiang Machinery Research Institute Co accelerated paying its suppliers.

Xinjiang Machinery Research Institute Co Days Payable Historical Data

The historical data trend for Xinjiang Machinery Research Institute 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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Xinjiang Machinery Research Institute Co Days Payable Chart

Xinjiang Machinery Research Institute Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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261.15

317.12

178.91

124.00

168.82

Xinjiang Machinery Research Institute 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															1,043.83	221.96	112.71	115.22	874.98

Competitive Comparison of Xinjiang Machinery Research Institute Co's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Xinjiang Machinery Research Institute 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.

Xinjiang Machinery Research Institute Co's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Xinjiang Machinery Research Institute Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Xinjiang Machinery Research Institute Co's Days Payable falls into.

Xinjiang Machinery Research Institute 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.

Xinjiang Machinery Research Institute 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
=	( (547.196	+	281.831)	/	2 )	/	896.223	*	365
=	414.5135					/	896.223	*	365
=	168.82

Xinjiang Machinery Research Institute 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
=	( (281.831	+	254.34)	/	2 )	/	27.958	*	365 / 4
=	268.0855					/	27.958	*	365 / 4
=	874.98

Xinjiang Machinery Research Institute Co Days Payable Related Terms

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Xinjiang Machinery Research Institute Co (SZSE:300159) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Xinjiang Machinery Research Institute Co Ltd (SZSE:300159) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Xinjiang 239, Beijing Road, Urumqi, Beijing, CHN, 830,013

Website

http://www.xjjxy.com.cn

Xinjiang Machinery Research Institute Co Ltd is engaged in the research, design, manufacture, and sale of agricultural and livestock machinery. The company specializes in medium and high-end agricultural and animal husbandry machinery products. The main products include series wheeled tractors, farming machinery, large self-propelled grain harvester family, self-propelled corn harvester series, straw forage harvester series, cash crop harvesting machine, and fruit machine.

Executives

Wu Yang	Directors, executives
Zhou Wei Hua	Director
Feng Guo Xiang	Supervisors
Yang Li Jun	Director
Jiang Ren Xi	Executives
Wang Xiao Yu	Executives
Mao Shan Yi	Supervisors
Li Ji Lan	Executives
Jin Fan	Executives
Si Wen Feng	Director
A Li Mu Mai Mai Ti Tu Er Xun	Supervisors
Wang Jian Jun	Directors, Directors, and Executives
Li Li	Director

Xinjiang Machinery Research Institute Co (SZSE:300159) Headlines

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