Renxin New Material Co (SZSE:301395) Days Payable : 59.47 (As of Mar. 2024)

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What is Renxin New Material Co Days Payable?

Renxin New Material Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥287 Mil. Renxin New Material Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥440 Mil. Hence, Renxin New Material Co's Days Payable for the three months ended in Mar. 2024 was 59.47.

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

SZSE:301395' s Days Payable Range Over the Past 10 Years
Min: 20.59 Med: 31.31 Max: 56.34
Current: 55.05

During the past 8 years, Renxin New Material Co's highest Days Payable was 56.34. The lowest was 20.59. And the median was 31.31.

SZSE:301395's Days Payable is ranked worse than
56.63% of 1501 companies
in the Chemicals industry
Industry Median: 60.45 vs SZSE:301395: 55.05

Renxin New Material Co's Days Payable declined from Mar. 2023 (61.28) to Mar. 2024 (59.47). It may suggest that Renxin New Material Co accelerated paying its suppliers.

Renxin New Material Co Days Payable Historical Data

The historical data trend for Renxin New Material 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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Renxin New Material Co Days Payable Chart

Renxin New Material Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

31.10

30.34

20.59

31.51

56.34

Renxin New Material Co Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial														61.28	52.50	52.22	55.28	59.47

Competitive Comparison of Renxin New Material Co's Days Payable

For the Chemicals subindustry, Renxin New Material 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.

Renxin New Material Co's Days Payable Distribution in the Chemicals Industry

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

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

Renxin New Material 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.

Renxin New Material 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
=	( (310.176	+	282.152)	/	2 )	/	1918.845	*	365
=	296.164					/	1918.845	*	365
=	56.34

Renxin New Material 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
=	( (282.152	+	291.353)	/	2 )	/	439.963	*	365 / 4
=	286.7525					/	439.963	*	365 / 4
=	59.47

Renxin New Material Co Days Payable Related Terms

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Renxin New Material Co (SZSE:301395) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Renxin New Material Co Ltd (SZSE:301395) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 28, Xiayong Petrochemical Avenue Middle, Daya Bay, Guangdong, Huizhou, CHN, 516082

Website

http://www.hzrxnm.com

Renxin New Material Co Ltd is specialized in polystyrene high Research and development, production and sales of molecular new materials (polystyrene). The main products of Renxin New Materials have been highly recognized by downstream enterprises and established a good market image and brand awareness.

Renxin New Material Co (SZSE:301395) Headlines

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