Guangdong Kitech New Material Holding Co (SZSE:300995) Days Payable : 154.59 (As of Mar. 2024)

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What is Guangdong Kitech New Material Holding Co Days Payable?

Guangdong Kitech New Material Holding Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥89.7 Mil. Guangdong Kitech New Material Holding Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥52.9 Mil. Hence, Guangdong Kitech New Material Holding Co's Days Payable for the three months ended in Mar. 2024 was 154.59.

The historical rank and industry rank for Guangdong Kitech New Material Holding Co's Days Payable or its related term are showing as below:

SZSE:300995' s Days Payable Range Over the Past 10 Years
Min: 62.15 Med: 77.04 Max: 157.98
Current: 137.77

During the past 7 years, Guangdong Kitech New Material Holding Co's highest Days Payable was 157.98. The lowest was 62.15. And the median was 77.04.

SZSE:300995's Days Payable is ranked better than
87.5% of 1504 companies
in the Chemicals industry
Industry Median: 61.065 vs SZSE:300995: 137.77

Guangdong Kitech New Material Holding Co's Days Payable increased from Mar. 2023 (151.48) to Mar. 2024 (154.59). It may suggest that Guangdong Kitech New Material Holding Co delayed paying its suppliers.

Guangdong Kitech New Material Holding Co Days Payable Historical Data

The historical data trend for Guangdong Kitech New Material Holding 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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Guangdong Kitech New Material Holding Co Days Payable Chart

Guangdong Kitech New Material Holding Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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73.10

80.97

139.54

157.98

Guangdong Kitech New Material Holding Co Quarterly Data
	Dec18	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															151.48	112.56	144.42	146.78	154.59

Competitive Comparison of Guangdong Kitech New Material Holding Co's Days Payable

For the Chemicals subindustry, Guangdong Kitech New Material Holding 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.

Guangdong Kitech New Material Holding Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Guangdong Kitech New Material Holding Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Guangdong Kitech New Material Holding Co's Days Payable falls into.

Guangdong Kitech New Material Holding 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.

Guangdong Kitech New Material Holding 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
=	( (84.732	+	95.112)	/	2 )	/	207.756	*	365
=	89.922					/	207.756	*	365
=	157.98

Guangdong Kitech New Material Holding 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
=	( (95.112	+	84.189)	/	2 )	/	52.918	*	365 / 4
=	89.6505					/	52.918	*	365 / 4
=	154.59

Guangdong Kitech New Material Holding Co Days Payable Related Terms

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Guangdong Kitech New Material Holding Co (SZSE:300995) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Kitech New Material Holding Co Ltd (SZSE:300995) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

135 Dongsheng Road, Jianghai District, Guangdong Province, Jiangmen, CHN, 529000

Website

http://www.qide.cn

Guangdong Kitech New Material Holding Co Ltd research and development, design, production and sales of modified nylon and modified polypropylene based high-performance polymer composite materials and their products, precision injection molds, and related services.

Executives

Chen Yun Feng

Directors, Directors, and Executives

Guangdong Kitech New Material Holding Co (SZSE:300995) Headlines

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