Liaoning Xinde New Material Technology Co (SZSE:301349) Days Payable : 27.91 (As of Mar. 2024)

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What is Liaoning Xinde New Material Technology Co Days Payable?

Liaoning Xinde New Material Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥38.2 Mil. Liaoning Xinde New Material Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥125.0 Mil. Hence, Liaoning Xinde New Material Technology Co's Days Payable for the three months ended in Mar. 2024 was 27.91.

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

SZSE:301349' s Days Payable Range Over the Past 10 Years
Min: 16.97 Med: 60.47 Max: 187.82
Current: 16.97

During the past 7 years, Liaoning Xinde New Material Technology Co's highest Days Payable was 187.82. The lowest was 16.97. And the median was 60.47.

SZSE:301349's Days Payable is ranked worse than
92.68% of 1503 companies
in the Chemicals industry
Industry Median: 60.47 vs SZSE:301349: 16.97

Liaoning Xinde New Material Technology Co's Days Payable declined from Mar. 2023 (32.09) to Mar. 2024 (27.91). It may suggest that Liaoning Xinde New Material Technology Co accelerated paying its suppliers.

Liaoning Xinde New Material Technology Co Days Payable Historical Data

The historical data trend for Liaoning Xinde New Material 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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Liaoning Xinde New Material Technology Co Days Payable Chart

Liaoning Xinde New Material Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

86.79

34.15

20.78

20.81

Liaoning Xinde New Material Technology Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												32.09	16.77	11.99	19.66	27.91

Competitive Comparison of Liaoning Xinde New Material Technology Co's Days Payable

For the Specialty Chemicals subindustry, Liaoning Xinde New Material 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.

Liaoning Xinde New Material Technology Co's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Liaoning Xinde New Material Technology Co's Days Payable falls into.

Liaoning Xinde New Material 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.

Liaoning Xinde New Material 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
=	( (47.775	+	45.623)	/	2 )	/	819.127	*	365
=	46.699					/	819.127	*	365
=	20.81

Liaoning Xinde New Material 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
=	( (45.623	+	30.871)	/	2 )	/	125.024	*	365 / 4
=	38.247					/	125.024	*	365 / 4
=	27.91

Liaoning Xinde New Material Technology Co Days Payable Related Terms

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Liaoning Xinde New Material Technology Co (SZSE:301349) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Liaoning Xinde New Material Technology Co Ltd (SZSE:301349) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 295 Wensheng Road, 4th Floor, Hongwei District, Liaoning Province, Liaoyang, CHN, 111003

Website

http://www.lnxdhg.com

Liaoning Xinde New Material Technology Co Ltd is engaged in the research and development, production and sales of negative electrode coating material products.

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