Shandong Liancheng Precision Manufacturing Co (SZSE:002921) Days Payable : 77.36 (As of Dec. 2023)

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What is Shandong Liancheng Precision Manufacturing Co Days Payable?

Shandong Liancheng Precision Manufacturing Co's average Accounts Payable for the three months ended in Dec. 2023 was ¥178 Mil. Shandong Liancheng Precision Manufacturing Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥210 Mil. Hence, Shandong Liancheng Precision Manufacturing Co's Days Payable for the three months ended in Dec. 2023 was 77.36.

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

SZSE:002921' s Days Payable Range Over the Past 10 Years
Min: 73.72 Med: 108.3 Max: 144.18
Current: 75.22

During the past 11 years, Shandong Liancheng Precision Manufacturing Co's highest Days Payable was 144.18. The lowest was 73.72. And the median was 108.30.

SZSE:002921's Days Payable is ranked worse than
50.92% of 2930 companies
in the Industrial Products industry
Industry Median: 76.275 vs SZSE:002921: 75.22

Shandong Liancheng Precision Manufacturing Co's Days Payable increased from Dec. 2022 (77.04) to Dec. 2023 (77.36). It may suggest that Shandong Liancheng Precision Manufacturing Co delayed paying its suppliers.

Shandong Liancheng Precision Manufacturing Co Days Payable Historical Data

The historical data trend for Shandong Liancheng Precision Manufacturing 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 Liancheng Precision Manufacturing Co Days Payable Chart

Shandong Liancheng Precision Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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144.18

113.48

75.57

77.89

73.72

Shandong Liancheng Precision Manufacturing Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															77.04	70.80	81.65	73.77	77.36

Competitive Comparison of Shandong Liancheng Precision Manufacturing Co's Days Payable

For the Metal Fabrication subindustry, Shandong Liancheng Precision Manufacturing 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 Liancheng Precision Manufacturing Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shandong Liancheng Precision Manufacturing Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong Liancheng Precision Manufacturing Co's Days Payable falls into.

Shandong Liancheng Precision Manufacturing 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 Liancheng Precision Manufacturing 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
=	( (204.159	+	172.892)	/	2 )	/	933.454	*	365
=	188.5255					/	933.454	*	365
=	73.72

Shandong Liancheng Precision Manufacturing Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (183.246	+	172.892)	/	2 )	/	210.04	*	365 / 4
=	178.069					/	210.04	*	365 / 4
=	77.36

Shandong Liancheng Precision Manufacturing Co Days Payable Related Terms

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Shandong Liancheng Precision Manufacturing Co (SZSE:002921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong Liancheng Precision Manufacturing Co Ltd (SZSE:002921) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Chuangye Road, Economic Development Zone, Yanzhou, CHN, 272100

Website

http://www.lmc-ind.com

Shandong Liancheng Precision Manufacturing Co Ltd is a China-based company, engages in the development, design, production, and sales of precision castings, such as high-strength ductile iron and aluminum alloy castings. Its main products are automobile pump shell, frame, flange, damping wheel/ring, oil pump shell and others. Its products are used in passenger cars, commercial vehicles, diesel engines, construction machinery, commercial compressors, hydraulic machinery and other industries or fields.

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