Maanshan Iron And Steel Co (SHSE:600808) Days Payable

: 86.37 (As of Dec. 2023)

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Maanshan Iron And Steel Co's average Accounts Payable for the three months ended in Dec. 2023 was ¥22,939 Mil. Maanshan Iron And Steel Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥24,234 Mil. Hence, Maanshan Iron And Steel Co's Days Payable for the three months ended in Dec. 2023 was 86.37.

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

SHSE:600808' s Days Payable Range Over the Past 10 Years
Min: 45.14 Med: 65.64 Max: 93.23
Current: 86.82

During the past 13 years, Maanshan Iron And Steel Co's highest Days Payable was 93.23. The lowest was 45.14. And the median was 65.64.

SHSE:600808's Days Payable is ranked better than
80.92% of 587 companies
in the Steel industry
Industry Median: 39.75 vs SHSE:600808: 86.82

Maanshan Iron And Steel Co's Days Payable increased from Dec. 2022 (84.86) to Dec. 2023 (86.37). It may suggest that Maanshan Iron And Steel Co delayed paying its suppliers.

Maanshan Iron And Steel Co Days Payable Historical Data

The historical data trend for Maanshan 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.

* Premium members only.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 60.87 [6] => 59.75 [7] => 45.14 [8] => 68.01 [9] => 83.63 )

Maanshan Iron And Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

60.87

59.75

45.14

68.01

83.63

Maanshan 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																84.86	94.43	80.66	90.25	86.37

Competitive Comparison

For the Steel subindustry, Maanshan 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.

Maanshan Iron And Steel Co Days Payable Distribution

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

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

Maanshan 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.

Maanshan 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
=	( (22444.997	+	22145.342)	/	2 )	/	97308.142	*	365
=	22295.1695					/	97308.142	*	365
=	83.63

Maanshan 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
=	( (23732.227	+	22145.342)	/	2 )	/	24234.398	*	365 / 4
=	22938.7845					/	24234.398	*	365 / 4
=	86.37

Maanshan Iron And Steel Co Days Payable Related Terms

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Maanshan Iron And Steel Co (SHSE:600808) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Maanshan Iron And Steel Co Ltd (SHSE:600808) » Definitions » Days Payable

Traded in Other Exchanges

MAANF:USA 00323:Hong Kong YM9A:Germany

Address

No. 8 Jiu Hua Xi Road, Anhui Province, Maanshan, CHN, 243003

Website

https://www.magang.com.hk

Maanshan Iron And Steel Co Ltd produces and sells iron and steel products. It has two segments. Production and sale of iron and steel products and related by-products, and Financial service. The company's principal product is steel, which is categorized into steel plates, section steel, wire rods, and train wheels. Thin plate products are further categorized into hot and rolled plates, galvanized plates, and coil-coating plates. The products in the wire rod category comprise wire rod materials and hot-rolled reinforced steel used in armored concrete. The Train wheel category includes train wheels and wheel rims.

Maanshan Iron And Steel Co (SHSE:600808) Headlines

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