ShanDong Inov Polyurethane Co (BJSE:834261) Days Payable : 23.60 (As of Mar. 2025)

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What is ShanDong Inov Polyurethane Co Days Payable?

ShanDong Inov Polyurethane Co's average Accounts Payable for the three months ended in Mar. 2025 was ¥420 Mil. ShanDong Inov Polyurethane Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥1,625 Mil. Hence, ShanDong Inov Polyurethane Co's Days Payable for the three months ended in Mar. 2025 was 23.60.

The historical rank and industry rank for ShanDong Inov Polyurethane Co's Days Payable or its related term are showing as below:

BJSE:834261' s Days Payable Range Over the Past 10 Years
Min: 18.49 Med: 24.93 Max: 34.18
Current: 24.14

During the past 12 years, ShanDong Inov Polyurethane Co's highest Days Payable was 34.18. The lowest was 18.49. And the median was 24.93.

BJSE:834261's Days Payable is ranked worse than
86.27% of 1515 companies
in the Chemicals industry
Industry Median: 57.84 vs BJSE:834261: 24.14

ShanDong Inov Polyurethane Co's Days Payable increased from Mar. 2024 (22.78) to Mar. 2025 (23.60). It may suggest that ShanDong Inov Polyurethane Co delayed paying its suppliers.

ShanDong Inov Polyurethane Co Days Payable Historical Data

The historical data trend for ShanDong Inov Polyurethane 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 Inov Polyurethane Co Days Payable Chart

ShanDong Inov Polyurethane Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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24.21

18.49

25.94

22.68

22.19

ShanDong Inov Polyurethane Co Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Days Payable	Get a 7-Day Free Trial															22.78	23.40	25.40	25.49	23.60

Competitive Comparison of ShanDong Inov Polyurethane Co's Days Payable

For the Specialty Chemicals subindustry, ShanDong Inov Polyurethane 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 Inov Polyurethane Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, ShanDong Inov Polyurethane Co's Days Payable distribution charts can be found below:

* The bar in red indicates where ShanDong Inov Polyurethane Co's Days Payable falls into.

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ShanDong Inov Polyurethane 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 Inov Polyurethane Co's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (351.395	+	429.473)	/	2 )	/	6422.377	*	365
=	390.434					/	6422.377	*	365
=	22.19

ShanDong Inov Polyurethane Co's Days Payable for the quarter that ended in Mar. 2025 is calculated as:

	Days Payable (Q: Mar. 2025 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2024 )	+	Accounts Payable (Q: Mar. 2025 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
=	( (429.473	+	411.001)	/	2 )	/	1624.994	*	365 / 4
=	420.237					/	1624.994	*	365 / 4
=	23.60

ShanDong Inov Polyurethane Co Days Payable Related Terms

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ShanDong Inov Polyurethane Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » ShanDong Inov Polyurethane Co Ltd (BJSE:834261) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5577 Baoshan Road, High-tech Zone, Shandong Province, Zibo City, CHN, 255000

Website

http://www.inovpu.com

ShanDong Inov Polyurethane Co Ltd engages in research and development, production, and sales of polyurethane raw materials and other downstream derivatives of EO and PO, and undertakes the construction of sports venues such as plastic tracks. Its product portfolio consists of Casting Polyurethane Prepolymer, Thermoplastic Polyurethane granules, PU flooring material, HR Foam system materials, Polyurethane foam system for footwear, Polyol, and Modified MDI.

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