Jiangxi Haiyuan Composites Technology Co (SZSE:002529) Days Payable : 455.55 (As of Mar. 2024)

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What is Jiangxi Haiyuan Composites Technology Co Days Payable?

Jiangxi Haiyuan Composites Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥220.3 Mil. Jiangxi Haiyuan Composites Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥44.1 Mil. Hence, Jiangxi Haiyuan Composites Technology Co's Days Payable for the three months ended in Mar. 2024 was 455.55.

The historical rank and industry rank for Jiangxi Haiyuan Composites Technology Co's Days Payable or its related term are showing as below:

SZSE:002529' s Days Payable Range Over the Past 10 Years
Min: 119.2 Med: 156.65 Max: 306.23
Current: 306.23

During the past 13 years, Jiangxi Haiyuan Composites Technology Co's highest Days Payable was 306.23. The lowest was 119.20. And the median was 156.65.

SZSE:002529's Days Payable is ranked better than
95.43% of 2932 companies
in the Industrial Products industry
Industry Median: 76.415 vs SZSE:002529: 306.23

Jiangxi Haiyuan Composites Technology Co's Days Payable increased from Mar. 2023 (307.21) to Mar. 2024 (455.55). It may suggest that Jiangxi Haiyuan Composites Technology Co delayed paying its suppliers.

Jiangxi Haiyuan Composites Technology Co Days Payable Historical Data

The historical data trend for Jiangxi Haiyuan Composites 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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Jiangxi Haiyuan Composites Technology Co Days Payable Chart

Jiangxi Haiyuan Composites Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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168.74

200.25

187.26

149.26

249.72

Jiangxi Haiyuan Composites 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															307.21	290.02	218.42	372.49	455.55

Competitive Comparison of Jiangxi Haiyuan Composites Technology Co's Days Payable

For the Specialty Industrial Machinery subindustry, Jiangxi Haiyuan Composites 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.

Jiangxi Haiyuan Composites Technology Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangxi Haiyuan Composites Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangxi Haiyuan Composites Technology Co's Days Payable falls into.

Jiangxi Haiyuan Composites 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.

Jiangxi Haiyuan Composites 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
=	( (186.401	+	223.812)	/	2 )	/	299.792	*	365
=	205.1065					/	299.792	*	365
=	249.72

Jiangxi Haiyuan Composites 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
=	( (223.812	+	216.882)	/	2 )	/	44.137	*	365 / 4
=	220.347					/	44.137	*	365 / 4
=	455.55

Jiangxi Haiyuan Composites Technology Co Days Payable Related Terms

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Jiangxi Haiyuan Composites Technology Co (SZSE:002529) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangxi Haiyuan Composites Technology Co Ltd (SZSE:002529) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Tieling North Road, Jingxi Town, Minhou County, Fujian Province, Fuzhou, CHN, 350002

Website

http://www.haiyuan-group.com

Fujian Haiyuan Composites Technology Co Ltd, formerly Fujian Haiyuan Automatic Equipments Co Ltd engages in the manufacture and sale of hydraulic press equipment and related devices in China and internationally. It provides automatic hydraulic ceramic tile presses, automatic hydraulic ceramic water-permeable plaza tile presses, automatic hydraulic autoclaved brick presses, automatic hydraulic refractory material presses, and automatic hydraulic composite material presses, as well as eante fiber reinforced thermoplastic composite formwork and automotive related products.

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