Jiangsufety Group Co (SHSE:603028) Days Payable : 191.63 (As of Mar. 2024)

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What is Jiangsufety Group Co Days Payable?

Jiangsufety Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥565 Mil. Jiangsufety Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥269 Mil. Hence, Jiangsufety Group Co's Days Payable for the three months ended in Mar. 2024 was 191.63.

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

SHSE:603028' s Days Payable Range Over the Past 10 Years
Min: 56.38 Med: 91.85 Max: 110.45
Current: 89.72

During the past 13 years, Jiangsufety Group Co's highest Days Payable was 110.45. The lowest was 56.38. And the median was 91.85.

SHSE:603028's Days Payable is ranked better than
82.14% of 588 companies
in the Steel industry
Industry Median: 39.59 vs SHSE:603028: 89.72

Jiangsufety Group Co's Days Payable increased from Mar. 2023 (70.69) to Mar. 2024 (191.63). It may suggest that Jiangsufety Group Co delayed paying its suppliers.

Jiangsufety Group Co Days Payable Historical Data

The historical data trend for Jiangsufety 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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Jiangsufety Group Co Days Payable Chart

Jiangsufety Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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57.32

56.38

64.20

92.72

110.70

Jiangsufety Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															70.69	50.72	142.55	235.33	191.63

Competitive Comparison of Jiangsufety Group Co's Days Payable

For the Steel subindustry, Jiangsufety 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.

Jiangsufety Group Co's Days Payable Distribution in the Steel Industry

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

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

Jiangsufety 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.

Jiangsufety Group 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
=	( (185.061	+	671.523)	/	2 )	/	1412.214	*	365
=	428.292					/	1412.214	*	365
=	110.70

Jiangsufety Group Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (671.523	+	457.536)	/	2 )	/	268.823	*	365 / 4
=	564.5295					/	268.823	*	365 / 4
=	191.63

Jiangsufety Group Co Days Payable Related Terms

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Jiangsufety Group Co (SHSE:603028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jiangsu Safety Group Co Ltd (SHSE:603028) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 151, Furong Zhongsan Road, XiShan Economic Development Zone, Jiangsu, Wuxi, CHN, 214192

Website

http://www.jf-safety.com

Jiangsu Safety Wire Rope Co Ltd develops and manufactures elevator ropes for customers with different requirements and needs. Its products include wire rope for elevators, lifting Wire rope, steel wire rope, synthetic fiber sling belt rigging, and accessories. Its products are used in elevators, construction machinery, Hong Kong Port terminal, coal mine, marine engineering, shipbuilding, ocean fishing, logistics, and warehousing.

Jiangsufety Group Co (SHSE:603028) Headlines

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