Zhuzhou Times New Materials Technology Co (SHSE:600458) Days Payable

: 152.47 (As of Dec. 2023)

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Zhuzhou Times New Materials Technology Co's average Accounts Payable for the three months ended in Dec. 2023 was ¥6,844 Mil. Zhuzhou Times New Materials Technology Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥4,096 Mil. Hence, Zhuzhou Times New Materials Technology Co's Days Payable for the three months ended in Dec. 2023 was 152.47.

The historical rank and industry rank for Zhuzhou Times New Materials Technology Co's Days Payable or its related term are showing as below:

SHSE:600458' s Days Payable Range Over the Past 10 Years
Min: 129.68 Med: 152.19 Max: 186.57
Current: 161.57

During the past 13 years, Zhuzhou Times New Materials Technology Co's highest Days Payable was 186.57. The lowest was 129.68. And the median was 152.19.

SHSE:600458's Days Payable is ranked better than
90.21% of 1502 companies
in the Chemicals industry
Industry Median: 60.26 vs SHSE:600458: 161.57

Zhuzhou Times New Materials Technology Co's Days Payable increased from Dec. 2022 (146.95) to Dec. 2023 (152.47). It may suggest that Zhuzhou Times New Materials Technology Co delayed paying its suppliers.

Zhuzhou Times New Materials Technology Co Days Payable Historical Data

The historical data trend for Zhuzhou Times New Materials Technology 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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Zhuzhou Times New Materials Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

160.17

153.74

186.57

173.01

150.64

Zhuzhou Times New Materials Technology 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																146.95	156.81	165.78	183.41	152.47

Competitive Comparison

For the Chemicals subindustry, Zhuzhou Times New Materials Technology 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.

Zhuzhou Times New Materials Technology Co Days Payable Distribution

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

* The bar in red indicates where Zhuzhou Times New Materials Technology Co's Days Payable falls into.

Zhuzhou Times New Materials Technology 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.

Zhuzhou Times New Materials Technology 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
=	( (5979.796	+	6129.603)	/	2 )	/	14670.39	*	365
=	6054.6995					/	14670.39	*	365
=	150.64

Zhuzhou Times New Materials Technology 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
=	( (7558.768	+	6129.603)	/	2 )	/	4096.063	*	365 / 4
=	6844.1855					/	4096.063	*	365 / 4
=	152.47

Zhuzhou Times New Materials Technology Co Days Payable Related Terms

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Zhuzhou Times New Materials Technology Co (SHSE:600458) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhuzhou Times New Materials Technology Co Ltd (SHSE:600458) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 18 Haitian Road, Tianyuan District, Zhuzhou, Hunan, CHN, 412007

Website

http://www.trp.com.cn

Zhuzhou Times New Materials Technology Co Ltd is a China-based company mainly engaged in the research and development and engineering application of polymer materials such as vibration reduction, noise reduction, and lightweight. Its products are extended to rubber, plastics, composite materials and functional materials, mainly for rail transportation, automobiles, new energy and Special equipment and other fields.

Zhuzhou Times New Materials Technology Co (SHSE:600458) Headlines

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