Shandong Fengyuan Chemical Co (SZSE:002805) Days Payable : 252.13 (As of Mar. 2024)

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What is Shandong Fengyuan Chemical Co Days Payable?

Shandong Fengyuan Chemical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥546 Mil. Shandong Fengyuan Chemical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥198 Mil. Hence, Shandong Fengyuan Chemical Co's Days Payable for the three months ended in Mar. 2024 was 252.13.

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

SZSE:002805' s Days Payable Range Over the Past 10 Years
Min: 21.94 Med: 68.18 Max: 260.71
Current: 125.83

During the past 13 years, Shandong Fengyuan Chemical Co's highest Days Payable was 260.71. The lowest was 21.94. And the median was 68.18.

SZSE:002805's Days Payable is ranked better than
84.64% of 1504 companies
in the Chemicals industry
Industry Median: 60.16 vs SZSE:002805: 125.83

Shandong Fengyuan Chemical Co's Days Payable increased from Mar. 2023 (58.58) to Mar. 2024 (252.13). It may suggest that Shandong Fengyuan Chemical Co delayed paying its suppliers.

Shandong Fengyuan Chemical Co Days Payable Historical Data

The historical data trend for Shandong Fengyuan 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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Shandong Fengyuan Chemical Co Days Payable Chart

Shandong Fengyuan Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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79.11

260.71

203.90

91.83

58.36

Shandong Fengyuan Chemical 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															58.58	155.73	101.32	109.54	252.13

Competitive Comparison of Shandong Fengyuan Chemical Co's Days Payable

For the Chemicals subindustry, Shandong Fengyuan 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.

Shandong Fengyuan Chemical Co's Days Payable Distribution in the Chemicals Industry

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

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

Shandong Fengyuan 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.

Shandong Fengyuan Chemical 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
=	( (306.05	+	582.1)	/	2 )	/	2777.484	*	365
=	444.075					/	2777.484	*	365
=	58.36

Shandong Fengyuan Chemical 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
=	( (582.1	+	510.349)	/	2 )	/	197.687	*	365 / 4
=	546.2245					/	197.687	*	365 / 4
=	252.13

Shandong Fengyuan Chemical Co Days Payable Related Terms

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Shandong Fengyuan Chemical Co (SZSE:002805) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Fengyuan Chemical Co Ltd (SZSE:002805) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No 1227 Dongshun Road, Taierzhuang Distict, Shandong, Zaozhuang, CHN, 277400

Website

http://www.fengyuanhuaxue.com

Shandong Fengyuan Chemical Co Ltd is engaged in research, development, production and sales of industrial oxalic acid, refined oxalic acid and oxalate series products. Its manufacturing departments include oxalic acid manufacturing department and nitric acid manufacturing department. Its products are widely used in fields such as pharmaceuticals, rare earths, fine chemicals, electronic ceramics, lithium battery cathode materials, textile printing and dyeing.

Shandong Fengyuan Chemical Co (SZSE:002805) Headlines

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