Nanjing Baose Co (SZSE:300402) Days Payable : 72.77 (As of Mar. 2024)

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What is Nanjing Baose Co Days Payable?

Nanjing Baose Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥309 Mil. Nanjing Baose Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥387 Mil. Hence, Nanjing Baose Co's Days Payable for the three months ended in Mar. 2024 was 72.77.

The historical rank and industry rank for Nanjing Baose Co's Days Payable or its related term are showing as below:

SZSE:300402' s Days Payable Range Over the Past 10 Years
Min: 89.2 Med: 141.31 Max: 449.39
Current: 95.28

During the past 13 years, Nanjing Baose Co's highest Days Payable was 449.39. The lowest was 89.20. And the median was 141.31.

SZSE:300402's Days Payable is ranked better than
60.48% of 2925 companies
in the Industrial Products industry
Industry Median: 76.67 vs SZSE:300402: 95.28

Nanjing Baose Co's Days Payable declined from Mar. 2023 (97.84) to Mar. 2024 (72.77). It may suggest that Nanjing Baose Co accelerated paying its suppliers.

Nanjing Baose Co Days Payable Historical Data

The historical data trend for Nanjing Baose 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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Nanjing Baose Co Days Payable Chart

Nanjing Baose Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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138.57

140.41

130.67

125.12

89.20

Nanjing Baose 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															97.84	99.97	127.89	87.51	72.77

Competitive Comparison of Nanjing Baose Co's Days Payable

For the Specialty Industrial Machinery subindustry, Nanjing Baose 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.

Nanjing Baose Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nanjing Baose Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Nanjing Baose Co's Days Payable falls into.

Nanjing Baose 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.

Nanjing Baose 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
=	( (440.811	+	265.935)	/	2 )	/	1446.027	*	365
=	353.373					/	1446.027	*	365
=	89.20

Nanjing Baose 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
=	( (265.935	+	351.077)	/	2 )	/	386.826	*	365 / 4
=	308.506					/	386.826	*	365 / 4
=	72.77

Nanjing Baose Co Days Payable Related Terms

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Nanjing Baose Co (SZSE:300402) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nanjing Baose Co Ltd (SZSE:300402) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.15 Jingming Street, Jiangning Binjiang Economic Development Zone, Jiangsu Province, Nanjing, CHN, 211178

Website

http://www.baose.com

Nanjing Baose Co Ltd is a supplier of large-scale special materials and non-standard equipment. It is mainly engaged in non-ferrous metals such as titanium, nickel, zirconium, niobium and copper and their alloys. It develops, designs, manufacture, install non-standard pressure vessels from special materials such as high-grade stainless steel and metal composite materials, and welding pressure of non-ferrous metals. The company's main products include heat exchangers, towers, reactors and other special non-standard pressure vessels and pipe fittings, mainly used in chemical, metallurgical, Electric power, energy, military, marine engineering, shipbuilding and environmental protection industries.

Executives

Cao Xian Bo	Supervisors
Jiang Jian Hua	Independent director

Nanjing Baose Co (SZSE:300402) Headlines

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