Sinofibers Technology Co (SZSE:300777) Days Payable : 187.89 (As of Mar. 2024)

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What is Sinofibers Technology Co Days Payable?

Sinofibers Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥115.1 Mil. Sinofibers Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥55.9 Mil. Hence, Sinofibers Technology Co's Days Payable for the three months ended in Mar. 2024 was 187.89.

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

SZSE:300777' s Days Payable Range Over the Past 10 Years
Min: 30.33 Med: 414.23 Max: 837.54
Current: 360.58

During the past 11 years, Sinofibers Technology Co's highest Days Payable was 837.54. The lowest was 30.33. And the median was 414.23.

SZSE:300777's Days Payable is ranked better than
97.94% of 1503 companies
in the Chemicals industry
Industry Median: 60.89 vs SZSE:300777: 360.58

Sinofibers Technology Co's Days Payable declined from Mar. 2023 (808.79) to Mar. 2024 (187.89). It may suggest that Sinofibers Technology Co accelerated paying its suppliers.

Sinofibers Technology Co Days Payable Historical Data

The historical data trend for Sinofibers 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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Sinofibers Technology Co Days Payable Chart

Sinofibers Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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837.54

519.81

289.47

475.53

557.92

Sinofibers 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															808.79	907.76	700.05	158.10	187.89

Competitive Comparison of Sinofibers Technology Co's Days Payable

For the Chemicals subindustry, Sinofibers 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.

Sinofibers Technology Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sinofibers Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Sinofibers Technology Co's Days Payable falls into.

Sinofibers 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.

Sinofibers 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
=	( (432.126	+	119.629)	/	2 )	/	180.484	*	365
=	275.8775					/	180.484	*	365
=	557.92

Sinofibers 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
=	( (119.629	+	110.492)	/	2 )	/	55.88	*	365 / 4
=	115.0605					/	55.88	*	365 / 4
=	187.89

Sinofibers Technology Co Days Payable Related Terms

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Sinofibers Technology Co (SZSE:300777) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sinofibers Technology Co Ltd (SZSE:300777) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 6, Xingfeng Road, Xinbei District, Jiangsu, Changzhou, CHN

Website

Sinofibers Technology Co Ltd is a China based company engaged in the manufacturing of Chemical fiber.

Sinofibers Technology Co (SZSE:300777) Headlines

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