Shanghai AJ Group Co (SHSE:600643) Days Payable : 55.78 (As of Sep. 2023)

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What is Shanghai AJ Group Co Days Payable?

Shanghai AJ Group Co's average Accounts Payable for the three months ended in Sep. 2023 was ¥178 Mil. Shanghai AJ Group Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥291 Mil. Hence, Shanghai AJ Group Co's Days Payable for the three months ended in Sep. 2023 was 55.78.

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

SHSE:600643' s Days Payable Range Over the Past 10 Years
Min: 14.04 Med: 78.57 Max: 334.15
Current: 86.35

During the past 13 years, Shanghai AJ Group Co's highest Days Payable was 334.15. The lowest was 14.04. And the median was 78.57.

SHSE:600643's Days Payable is ranked better than
55.58% of 466 companies
in the Asset Management industry
Industry Median: 69.44 vs SHSE:600643: 86.35

Shanghai AJ Group Co's Days Payable declined from Sep. 2022 (61.56) to Sep. 2023 (55.78). It may suggest that Shanghai AJ Group Co accelerated paying its suppliers.

Shanghai AJ Group Co Days Payable Historical Data

The historical data trend for Shanghai AJ Group 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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Shanghai AJ Group Co Days Payable Chart

Shanghai AJ Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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69.48

22.50

14.04

24.26

82.59

Shanghai AJ Group 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															61.56	84.33	160.48	97.78	55.78

Competitive Comparison of Shanghai AJ Group Co's Days Payable

For the Asset Management subindustry, Shanghai AJ Group 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.

Shanghai AJ Group Co's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Shanghai AJ Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai AJ Group Co's Days Payable falls into.

Shanghai AJ Group 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.

Shanghai AJ Group 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
=	( (184.403	+	325.939)	/	2 )	/	1127.717	*	365
=	255.171					/	1127.717	*	365
=	82.59

Shanghai AJ Group 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
=	( (244.249	+	111.81)	/	2 )	/	291.239	*	365 / 4
=	178.0295					/	291.239	*	365 / 4
=	55.78

Shanghai AJ Group Co Days Payable Related Terms

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Shanghai AJ Group Co (SHSE:600643) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Shanghai AJ Group Co Ltd (SHSE:600643) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

746 Zhaojiabang Road, Shanghai, CHN, 200030

Website

http://www.aj.com.cn

Shanghai AJ Group Co Ltd provides financial services. Its services include wealth management and asset management services.

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