Liaoning Fu-An Heavy Industry Co (SHSE:603315) Days Payable : 168.02 (As of Mar. 2024)

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What is Liaoning Fu-An Heavy Industry Co Days Payable?

Liaoning Fu-An Heavy Industry Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥335 Mil. Liaoning Fu-An Heavy Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥182 Mil. Hence, Liaoning Fu-An Heavy Industry Co's Days Payable for the three months ended in Mar. 2024 was 168.02.

The historical rank and industry rank for Liaoning Fu-An Heavy Industry Co's Days Payable or its related term are showing as below:

SHSE:603315' s Days Payable Range Over the Past 10 Years
Min: 109.89 Med: 169.38 Max: 215.03
Current: 156.46

During the past 13 years, Liaoning Fu-An Heavy Industry Co's highest Days Payable was 215.03. The lowest was 109.89. And the median was 169.38.

SHSE:603315's Days Payable is ranked better than
92.67% of 587 companies
in the Steel industry
Industry Median: 39.65 vs SHSE:603315: 156.46

Liaoning Fu-An Heavy Industry Co's Days Payable declined from Mar. 2023 (242.57) to Mar. 2024 (168.02). It may suggest that Liaoning Fu-An Heavy Industry Co accelerated paying its suppliers.

Liaoning Fu-An Heavy Industry Co Days Payable Historical Data

The historical data trend for Liaoning Fu-An Heavy Industry 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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Liaoning Fu-An Heavy Industry Co Days Payable Chart

Liaoning Fu-An Heavy Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

127.37

158.55

201.34

202.67

188.91

Liaoning Fu-An Heavy Industry 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															242.57	159.00	159.29	148.06	168.02

Competitive Comparison of Liaoning Fu-An Heavy Industry Co's Days Payable

For the Steel subindustry, Liaoning Fu-An Heavy Industry 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.

Liaoning Fu-An Heavy Industry Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Liaoning Fu-An Heavy Industry Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Liaoning Fu-An Heavy Industry Co's Days Payable falls into.

Liaoning Fu-An Heavy Industry 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.

Liaoning Fu-An Heavy Industry 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
=	( (484	+	366.823)	/	2 )	/	821.932	*	365
=	425.4115					/	821.932	*	365
=	188.91

Liaoning Fu-An Heavy Industry 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
=	( (366.823	+	303.676)	/	2 )	/	182.07	*	365 / 4
=	335.2495					/	182.07	*	365 / 4
=	168.02

Liaoning Fu-An Heavy Industry Co Days Payable Related Terms

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Liaoning Fu-An Heavy Industry Co (SHSE:603315) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Liaoning Fu-An Heavy Industry Co Ltd (SHSE:603315) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.8, Anzheng Road, Qianshan District, Anshan, CHN, 114016

Website

http://www.lnfa.com.cn

Liaoning Fu-An Heavy Industry Co Ltd is engaged in the manufacturing of heavy steel castings products. According to the use, its products can be divided into thermal power equipment Castings, hydroelectric equipment castings, other power generation equipment castings and other castings. The main thermal power products include high/medium pressure internal and external cylinders; Valve body/cylinder. Hydropower products include upper crown, lower ring, runner body, Thrust heads, blades, ball valve bodies. Rail transit products include internal combustion engine bogies.

Liaoning Fu-An Heavy Industry Co (SHSE:603315) Headlines

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