Shanghai Putailai New Energy Technology Co (SHSE:603659) Days Payable : 282.20 (As of Mar. 2024)

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What is Shanghai Putailai New Energy Technology Co Days Payable?

Shanghai Putailai New Energy Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥6,442 Mil. Shanghai Putailai New Energy Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,083 Mil. Hence, Shanghai Putailai New Energy Technology Co's Days Payable for the three months ended in Mar. 2024 was 282.20.

The historical rank and industry rank for Shanghai Putailai New Energy Technology Co's Days Payable or its related term are showing as below:

SHSE:603659' s Days Payable Range Over the Past 10 Years
Min: 135.11 Med: 181.04 Max: 268.85
Current: 268.85

During the past 11 years, Shanghai Putailai New Energy Technology Co's highest Days Payable was 268.85. The lowest was 135.11. And the median was 181.04.

SHSE:603659's Days Payable is ranked better than
96.74% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs SHSE:603659: 268.85

Shanghai Putailai New Energy Technology Co's Days Payable declined from Mar. 2023 (297.61) to Mar. 2024 (282.20). It may suggest that Shanghai Putailai New Energy Technology Co accelerated paying its suppliers.

Shanghai Putailai New Energy Technology Co Days Payable Historical Data

The historical data trend for Shanghai Putailai New Energy Technology 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 Putailai New Energy Technology Co Days Payable Chart

Shanghai Putailai New Energy Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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149.86

189.88

217.96

227.77

267.36

Shanghai Putailai New Energy Technology 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															297.61	244.35	278.14	297.18	282.20

Competitive Comparison of Shanghai Putailai New Energy Technology Co's Days Payable

For the Specialty Chemicals subindustry, Shanghai Putailai New Energy Technology 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 Putailai New Energy Technology Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shanghai Putailai New Energy Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai Putailai New Energy Technology Co's Days Payable falls into.

Shanghai Putailai New Energy Technology 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 Putailai New Energy Technology 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
=	( (7759.723	+	7311.314)	/	2 )	/	10287.454	*	365
=	7535.5185					/	10287.454	*	365
=	267.36

Shanghai Putailai New Energy Technology 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
=	( (7311.314	+	5572.008)	/	2 )	/	2082.96	*	365 / 4
=	6441.661					/	2082.96	*	365 / 4
=	282.20

Shanghai Putailai New Energy Technology Co Days Payable Related Terms

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Shanghai Putailai New Energy Technology Co (SHSE:603659) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shanghai Putailai New Energy Technology Co Ltd (SHSE:603659) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

116 G District 456 Piled Bridge Road, Pudong New Area, Shanghai, CHN, 200120

Website

http://www.putailai.com

Shanghai Putailai New Energy Technology Co Ltd supplies the materials and equipment to the Lithium ion battery manufacturers. The company's products include Abide Material, Film Coating, Aluminum-Plastic Film, Micro-Nano Powder, and Automation Equipment.

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