GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shandong Fiberglass Group Co Ltd (SHSE:605006) » Definitions » Days Payable

Shandong Fiberglass Group Co (SHSE:605006) Days Payable : 197.69 (As of Mar. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Shandong Fiberglass Group Co Days Payable?

Shandong Fiberglass Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,149 Mil. Shandong Fiberglass Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥530 Mil. Hence, Shandong Fiberglass Group Co's Days Payable for the three months ended in Mar. 2024 was 197.69.

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

SHSE:605006' s Days Payable Range Over the Past 10 Years
Min: 64.96   Med: 92.26   Max: 141.85
Current: 133.67

During the past 11 years, Shandong Fiberglass Group Co's highest Days Payable was 141.85. The lowest was 64.96. And the median was 92.26.

SHSE:605006's Days Payable is ranked better than
85.16% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.345 vs SHSE:605006: 133.67

Shandong Fiberglass Group Co's Days Payable increased from Mar. 2023 (55.97) to Mar. 2024 (197.69). It may suggest that Shandong Fiberglass Group Co delayed paying its suppliers.


Shandong Fiberglass Group Co Days Payable Historical Data

The historical data trend for Shandong Fiberglass 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.

* Premium members only.

Shandong Fiberglass Group Co Days Payable Chart

Shandong Fiberglass Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 90.28 72.51 69.33 64.96 141.85

Shandong Fiberglass 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 55.97 64.44 99.22 161.30 197.69

Competitive Comparison of Shandong Fiberglass Group Co's Days Payable

For the Textile Manufacturing subindustry, Shandong Fiberglass 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.


Shandong Fiberglass Group Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shandong Fiberglass Group Co's Days Payable distribution charts can be found below:

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



Shandong Fiberglass 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.

Shandong Fiberglass 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
=( (334.929 + 1197.784) / 2 ) / 1971.895*365
=766.3565 / 1971.895*365
=141.85

Shandong Fiberglass 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
=( (1197.784 + 1100.181) / 2 ) / 530.354*365 / 4
=1148.9825 / 530.354*365 / 4
=197.69

* 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.


Shandong Fiberglass Group Co Days Payable Related Terms

Thank you for viewing the detailed overview of Shandong Fiberglass Group Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.


Shandong Fiberglass Group Co (SHSE:605006) Business Description

Traded in Other Exchanges
N/A
Address
Yishui County Industrial Park, Shandong Province, Linyi, CHN, 276400
Shandong Fiberglass Group Co Ltd is engaged in production and sales of glass fiber and its products. The company's products include Glass fiber yarn and Fiberglass products.

Shandong Fiberglass Group Co (SHSE:605006) Headlines

No Headlines