Xinyu Iron And Steel Co (SHSE:600782) Days Payable : 157.42 (As of Dec. 2023)

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What is Xinyu Iron And Steel Co Days Payable?

Xinyu Iron And Steel Co's average Accounts Payable for the three months ended in Dec. 2023 was ¥15,054 Mil. Xinyu Iron And Steel Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥8,726 Mil. Hence, Xinyu Iron And Steel Co's Days Payable for the three months ended in Dec. 2023 was 157.42.

The historical rank and industry rank for Xinyu Iron And Steel Co's Days Payable or its related term are showing as below:

SHSE:600782' s Days Payable Range Over the Past 10 Years
Min: 59.22 Med: 70.72 Max: 81.86
Current: 81.21

During the past 13 years, Xinyu Iron And Steel Co's highest Days Payable was 81.86. The lowest was 59.22. And the median was 70.72.

SHSE:600782's Days Payable is ranked better than
77.38% of 588 companies
in the Steel industry
Industry Median: 39.59 vs SHSE:600782: 81.21

Xinyu Iron And Steel Co's Days Payable increased from Dec. 2022 (68.19) to Dec. 2023 (157.42). It may suggest that Xinyu Iron And Steel Co delayed paying its suppliers.

Xinyu Iron And Steel Co Days Payable Historical Data

The historical data trend for Xinyu Iron And Steel 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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Xinyu Iron And Steel Co Days Payable Chart

Xinyu Iron And Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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76.74

76.11

65.24

65.33

80.17

Xinyu Iron And Steel 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	Get a 7-Day Free Trial															68.19	65.75	67.90	80.58	157.42

Competitive Comparison of Xinyu Iron And Steel Co's Days Payable

For the Steel subindustry, Xinyu Iron And Steel 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.

Xinyu Iron And Steel Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Xinyu Iron And Steel Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Xinyu Iron And Steel Co's Days Payable falls into.

Xinyu Iron And Steel 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.

Xinyu Iron And Steel 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
=	( (15549.616	+	15109.648)	/	2 )	/	69793.496	*	365
=	15329.632					/	69793.496	*	365
=	80.17

Xinyu Iron And Steel 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
=	( (14998.377	+	15109.648)	/	2 )	/	8726.251	*	365 / 4
=	15054.0125					/	8726.251	*	365 / 4
=	157.42

Xinyu Iron And Steel Co Days Payable Related Terms

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Xinyu Iron And Steel Co (SHSE:600782) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Xinyu Iron And Steel Co Ltd (SHSE:600782) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Chengdong Economic Development Zone, Xinyu, Jiangxi, CHN, 338004

Website

http://www.xinsteel.com.cn

Xinyu Iron And Steel Co Ltd deals in products like the hot rolled coil, cold rolled sheet, wire rod, rebar, round bar, steel pipe, steel strip, and metal products. The products of the company are exported to more than twenty countries and regions such as Europe, the United States, Brazil, the Middle East, South Korea, Japan, Southeast Asia, and India.

Xinyu Iron And Steel Co (SHSE:600782) Headlines

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