Jinan Acetate Chemical Co (TPE:4763) Days Payable : 12.80 (As of Mar. 2024)

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What is Jinan Acetate Chemical Co Days Payable?

Jinan Acetate Chemical Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$166 Mil. Jinan Acetate Chemical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,183 Mil. Hence, Jinan Acetate Chemical Co's Days Payable for the three months ended in Mar. 2024 was 12.80.

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

TPE:4763' s Days Payable Range Over the Past 10 Years
Min: 2.69 Med: 29.43 Max: 51.34
Current: 18.38

During the past 12 years, Jinan Acetate Chemical Co's highest Days Payable was 51.34. The lowest was 2.69. And the median was 29.43.

TPE:4763's Days Payable is ranked worse than
91.56% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs TPE:4763: 18.38

Jinan Acetate Chemical Co's Days Payable declined from Mar. 2023 (42.39) to Mar. 2024 (12.80). It may suggest that Jinan Acetate Chemical Co accelerated paying its suppliers.

Jinan Acetate Chemical Co Days Payable Historical Data

The historical data trend for Jinan Acetate Chemical 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.

* Premium members only.

Jinan Acetate Chemical Co Days Payable Chart

Jinan Acetate Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

41.81

44.30

28.58

30.28

20.68

Jinan Acetate Chemical 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															42.39	27.81	16.74	15.99	12.80

Competitive Comparison of Jinan Acetate Chemical Co's Days Payable

For the Chemicals subindustry, Jinan Acetate Chemical 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.

Jinan Acetate Chemical Co's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Jinan Acetate Chemical Co's Days Payable falls into.

Jinan Acetate Chemical 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.

Jinan Acetate Chemical 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
=	( (288.993	+	179.71)	/	2 )	/	4136.95	*	365
=	234.3515					/	4136.95	*	365
=	20.68

Jinan Acetate Chemical 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
=	( (179.71	+	152.141)	/	2 )	/	1183.075	*	365 / 4
=	165.9255					/	1183.075	*	365 / 4
=	12.80

Jinan Acetate Chemical Co Days Payable Related Terms

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Jinan Acetate Chemical Co (TPE:4763) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jinan Acetate Chemical Co Ltd (TPE:4763) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.7 of Taixing East Street, Jiyang County, Shandong Province, Jinan, CHN

Website

http://www.acetek.com.cn

Jinan Acetate Chemical Co Ltd is a chemical company based in China. The company is engaged in the manufacturing and sales of cellulose acetate products. It derives a majority of its revenue from Cellulose acetate tow products. Geographically, it generates maximum revenue from Asia and also has a presence in America, Africa, and Other Countries.

Jinan Acetate Chemical Co (TPE:4763) Headlines

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