Shougang Fushan Resources Group (FRA:FU7) Days Payable : 81.33 (As of Jun. 2023)

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What is Shougang Fushan Resources Group Days Payable?

Shougang Fushan Resources Group's average Accounts Payable for the six months ended in Jun. 2023 was €63.5 Mil. Shougang Fushan Resources Group's Cost of Goods Sold for the six months ended in Jun. 2023 was €142.5 Mil. Hence, Shougang Fushan Resources Group's Days Payable for the six months ended in Jun. 2023 was 81.33.

The historical rank and industry rank for Shougang Fushan Resources Group's Days Payable or its related term are showing as below:

FRA:FU7' s Days Payable Range Over the Past 10 Years
Min: 81.47 Med: 128.04 Max: 172.91
Current: 84.38

During the past 13 years, Shougang Fushan Resources Group's highest Days Payable was 172.91. The lowest was 81.47. And the median was 128.04.

FRA:FU7's Days Payable is ranked better than
79.93% of 588 companies
in the Steel industry
Industry Median: 39.59 vs FRA:FU7: 84.38

Shougang Fushan Resources Group's Days Payable increased from Jun. 2022 (67.75) to Jun. 2023 (81.33). It may suggest that Shougang Fushan Resources Group delayed paying its suppliers.

Shougang Fushan Resources Group Days Payable Historical Data

The historical data trend for Shougang Fushan Resources Group'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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Shougang Fushan Resources Group Days Payable Chart

Shougang Fushan Resources Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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160.13

126.41

90.80

78.71

94.54

Shougang Fushan Resources Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															74.53	67.75	85.60	81.33	80.24

Competitive Comparison of Shougang Fushan Resources Group's Days Payable

For the Coking Coal subindustry, Shougang Fushan Resources Group'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.

Shougang Fushan Resources Group's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Shougang Fushan Resources Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Shougang Fushan Resources Group's Days Payable falls into.

Shougang Fushan Resources Group 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.

Shougang Fushan Resources Group's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (78.427	+	74.538)	/	2 )	/	354.679	*	365
=	76.4825					/	354.679	*	365
=	78.71

Shougang Fushan Resources Group's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (74.538	+	52.509)	/	2 )	/	142.539	*	365 / 2
=	63.5235					/	142.539	*	365 / 2
=	81.33

Shougang Fushan Resources Group Days Payable Related Terms

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Shougang Fushan Resources Group (FRA:FU7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shougang Fushan Resources Group Ltd (FRA:FU7) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FSHYF:USA 00639:Hong Kong

Address

56 Gloucester Road, 6th Floor, Bank of East Asia Harbour View Centre, Wanchai, Hong Kong, HKG

Website

http://www.shougang-resources.com.hk

Shougang Fushan Resources Group Ltd is engaged in coking coal mining, production and sales of coking coal products in the PRC. It derives revenue from the sale of clean coking coal and raw coking coal. The group has three operating coking coal mines and three coal preparation plants. The group has a business presence in the PRC and Hong Kong.

Shougang Fushan Resources Group (FRA:FU7) Headlines

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