Liaoning Donghe New Materials Co (BJSE:839792) Days Payable : 61.18 (As of Jun. 2024)

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What is Liaoning Donghe New Materials Co Days Payable?

Liaoning Donghe New Materials Co's average Accounts Payable for the three months ended in Jun. 2024 was ¥95.0 Mil. Liaoning Donghe New Materials Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥141.6 Mil. Hence, Liaoning Donghe New Materials Co's Days Payable for the three months ended in Jun. 2024 was 61.18.

The historical rank and industry rank for Liaoning Donghe New Materials Co's Days Payable or its related term are showing as below:

BJSE:839792' s Days Payable Range Over the Past 10 Years
Min: 49.54 Med: 76.88 Max: 253.94
Current: 64.95

During the past 10 years, Liaoning Donghe New Materials Co's highest Days Payable was 253.94. The lowest was 49.54. And the median was 76.88.

BJSE:839792's Days Payable is ranked worse than
66.64% of 1064 companies
in the Metals & Mining industry
Industry Median: 136.525 vs BJSE:839792: 64.95

Liaoning Donghe New Materials Co's Days Payable declined from Jun. 2023 (83.22) to Jun. 2024 (61.18). It may suggest that Liaoning Donghe New Materials Co accelerated paying its suppliers.

Liaoning Donghe New Materials Co Days Payable Historical Data

The historical data trend for Liaoning Donghe New Materials 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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Liaoning Donghe New Materials Co Days Payable Chart

Liaoning Donghe New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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80.90

63.53

49.54

57.53

70.49

Liaoning Donghe New Materials Co Quarterly Data
	Dec18	Jun19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															83.22	73.34	58.69	67.29	61.18

Competitive Comparison of Liaoning Donghe New Materials Co's Days Payable

For the Other Industrial Metals & Mining subindustry, Liaoning Donghe New Materials 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.

Liaoning Donghe New Materials Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Liaoning Donghe New Materials Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Liaoning Donghe New Materials Co's Days Payable falls into.

Liaoning Donghe New Materials 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.

Liaoning Donghe New Materials 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
=	( (84.445	+	86.811)	/	2 )	/	443.402	*	365
=	85.628					/	443.402	*	365
=	70.49

Liaoning Donghe New Materials Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (86.897	+	103.031)	/	2 )	/	141.642	*	365 / 4
=	94.964					/	141.642	*	365 / 4
=	61.18

Liaoning Donghe New Materials Co Days Payable Related Terms

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Liaoning Donghe New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Liaoning Donghe New Materials Co Ltd (BJSE:839792) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Nangou Village, Pailou Town, Liaoning Province, Haicheng City, CHN, 114207

Website

http://www.lndhref.com.cn

Liaoning Donghe New Materials Co Ltd engages in research and development, production, and sales of magnesium products based on magnesia refractories. The main products of the company are light burnt magnesia, electrofused magnesia, amorphous refractory, and firebrick products.

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