Inner Mongolia ERDOS Resources Co (SHSE:600295) Days Payable

: 144.22 (As of Dec. 2023)

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Inner Mongolia ERDOS Resources Co's average Accounts Payable for the three months ended in Dec. 2023 was ¥10,016 Mil. Inner Mongolia ERDOS Resources Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥6,337 Mil. Hence, Inner Mongolia ERDOS Resources Co's Days Payable for the three months ended in Dec. 2023 was 144.22.

The historical rank and industry rank for Inner Mongolia ERDOS Resources Co's Days Payable or its related term are showing as below:

SHSE:600295' s Days Payable Range Over the Past 10 Years
Min: 107.23 Med: 131.68 Max: 165.22
Current: 125.35

During the past 13 years, Inner Mongolia ERDOS Resources Co's highest Days Payable was 165.22. The lowest was 107.23. And the median was 131.68.

SHSE:600295's Days Payable is ranked better than
83.5% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.14 vs SHSE:600295: 125.35

Inner Mongolia ERDOS Resources Co's Days Payable increased from Dec. 2022 (105.52) to Dec. 2023 (144.22). It may suggest that Inner Mongolia ERDOS Resources Co delayed paying its suppliers.

Inner Mongolia ERDOS Resources Co Days Payable Historical Data

The historical data trend for Inner Mongolia ERDOS Resources 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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Inner Mongolia ERDOS Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

165.22

161.41

116.79

107.23

137.47

Inner Mongolia ERDOS Resources Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																105.52	118.36	120.54	155.50	144.22

Competitive Comparison

For the Textile Manufacturing subindustry, Inner Mongolia ERDOS Resources 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.

Inner Mongolia ERDOS Resources Co Days Payable Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Inner Mongolia ERDOS Resources Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Inner Mongolia ERDOS Resources Co's Days Payable falls into.

Inner Mongolia ERDOS Resources 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.

Inner Mongolia ERDOS Resources 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
=	( (7253.415	+	10552.995)	/	2 )	/	23639.032	*	365
=	8903.205					/	23639.032	*	365
=	137.47

Inner Mongolia ERDOS Resources Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (9478.272	+	10552.995)	/	2 )	/	6337.167	*	365 / 4
=	10015.6335					/	6337.167	*	365 / 4
=	144.22

Inner Mongolia ERDOS Resources Co Days Payable Related Terms

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Inner Mongolia ERDOS Resources Co (SHSE:600295) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Inner Mongolia ERDOS Resources Co Ltd (SHSE:600295) » Definitions » Days Payable

Traded in Other Exchanges

900936:China

Address

No.1, Hantai Light Textile Street, Dongsheng District, Inner Mongolia Autonomous Region, Erdos City, CHN, 017000

Website

http://www.chinaerdos.com

Inner Mongolia ERDOS Resources Co Ltd operates in the textile and garment industry. The company is mainly engaged in the cashmere clothing production. In addition, the company is also engaged in coal mining, power generation, silicon ferroalloy, chlor-alkali chemicals, fertilizers, polysilicon and other products processing and sales. Its product range consists of a cashmere sweater and other cashmere products, ferrosilicon, Si-Mn alloy, coal, calcium carbide, and polyvinyl chloride resin.

Inner Mongolia ERDOS Resources Co (SHSE:600295) Headlines

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