Cangzhou Dahua Co (SHSE:600230) Days Payable : 40.18 (As of Sep. 2023)

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What is Cangzhou Dahua Co Days Payable?

Cangzhou Dahua Co's average Accounts Payable for the three months ended in Sep. 2023 was ¥540 Mil. Cangzhou Dahua Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥1,226 Mil. Hence, Cangzhou Dahua Co's Days Payable for the three months ended in Sep. 2023 was 40.18.

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

SHSE:600230' s Days Payable Range Over the Past 10 Years
Min: 31.63 Med: 68.42 Max: 104.63
Current: 57.07

During the past 13 years, Cangzhou Dahua Co's highest Days Payable was 104.63. The lowest was 31.63. And the median was 68.42.

SHSE:600230's Days Payable is ranked worse than
62.23% of 233 companies
in the Agriculture industry
Industry Median: 78.58 vs SHSE:600230: 57.07

Cangzhou Dahua Co's Days Payable declined from Sep. 2022 (68.43) to Sep. 2023 (40.18). It may suggest that Cangzhou Dahua Co accelerated paying its suppliers.

Cangzhou Dahua Co Days Payable Historical Data

The historical data trend for Cangzhou Dahua 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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Cangzhou Dahua Co Days Payable Chart

Cangzhou Dahua Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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59.17

56.28

104.63

101.44

72.18

Cangzhou Dahua Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															68.43	64.70	66.77	58.78	40.18

Competitive Comparison of Cangzhou Dahua Co's Days Payable

For the Agricultural Inputs subindustry, Cangzhou Dahua 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.

Cangzhou Dahua Co's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Cangzhou Dahua Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Cangzhou Dahua Co's Days Payable falls into.

Cangzhou Dahua 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.

Cangzhou Dahua Co'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
=	( (919.084	+	711.219)	/	2 )	/	4121.845	*	365
=	815.1515					/	4121.845	*	365
=	72.18

Cangzhou Dahua Co's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (578.386	+	500.824)	/	2 )	/	1225.527	*	365 / 4
=	539.605					/	1225.527	*	365 / 4
=	40.18

Cangzhou Dahua Co Days Payable Related Terms

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Cangzhou Dahua Co (SHSE:600230) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Cangzhou Dahua Co Ltd (SHSE:600230) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 66 Beihuan Middle Road, Cangzhou, Hebei, CHN, 061000

Website

http://www.czdh.com.cn

Cangzhou Dahua Co Ltd is engaged in the manufacture and distribution of fertilizers in China.

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