Rongsheng Petro Chemical Co (SZSE:002493) Days Payable : 50.80 (As of Sep. 2023)

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What is Rongsheng Petro Chemical Co Days Payable?

Rongsheng Petro Chemical Co's average Accounts Payable for the three months ended in Sep. 2023 was ¥39,585 Mil. Rongsheng Petro Chemical Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥71,101 Mil. Hence, Rongsheng Petro Chemical Co's Days Payable for the three months ended in Sep. 2023 was 50.80.

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

SZSE:002493' s Days Payable Range Over the Past 10 Years
Min: 40.24 Med: 93.59 Max: 171.05
Current: 70.63

During the past 13 years, Rongsheng Petro Chemical Co's highest Days Payable was 171.05. The lowest was 40.24. And the median was 93.59.

SZSE:002493's Days Payable is ranked better than
58.41% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs SZSE:002493: 70.63

Rongsheng Petro Chemical Co's Days Payable declined from Sep. 2022 (82.12) to Sep. 2023 (50.80). It may suggest that Rongsheng Petro Chemical Co accelerated paying its suppliers.

Rongsheng Petro Chemical Co Days Payable Historical Data

The historical data trend for Rongsheng Petro Chemical 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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Rongsheng Petro Chemical Co Days Payable Chart

Rongsheng Petro Chemical Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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64.85

149.25

171.05

136.24

94.11

Rongsheng Petro Chemical Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															82.12	95.67	85.16	59.10	50.80

Competitive Comparison of Rongsheng Petro Chemical Co's Days Payable

For the Chemicals subindustry, Rongsheng Petro Chemical 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.

Rongsheng Petro Chemical Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Rongsheng Petro Chemical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Rongsheng Petro Chemical Co's Days Payable falls into.

Rongsheng Petro Chemical 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.

Rongsheng Petro Chemical Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (60475.257	+	72488.167)	/	2 )	/	257841.155	*	365
=	66481.712					/	257841.155	*	365
=	94.11

Rongsheng Petro Chemical Co's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (42672.435	+	36496.896)	/	2 )	/	71101.262	*	365 / 4
=	39584.6655					/	71101.262	*	365 / 4
=	50.80

Rongsheng Petro Chemical Co Days Payable Related Terms

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Rongsheng Petro Chemical Co (SZSE:002493) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Rongsheng Petro Chemical Co Ltd (SZSE:002493) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.98, Hongyang Road Yinong Town, Xiaoshan District, Hangzhou, CHN

Website

http://www.cnrspc.com

Rongsheng Petro Chemical Co Ltd operates in the petrochemical industry. The company is specialized in the production and marketing of petrochemical and chemical fiber. Its product portfolio comprises synthetic fibers and films, synthetic raw material, synthetic resins, olefin, aromatics and phenols and oil products.

Rongsheng Petro Chemical Co (SZSE:002493) Headlines

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