Hunan New Welllink Advanced Metallic Material Co (BJSE:871634) Days Payable : 10.58 (As of Dec. 2024)

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What is Hunan New Welllink Advanced Metallic Material Co Days Payable?

Hunan New Welllink Advanced Metallic Material Co's average Accounts Payable for the three months ended in Dec. 2024 was ¥32.1 Mil. Hunan New Welllink Advanced Metallic Material Co's Cost of Goods Sold for the three months ended in Dec. 2024 was ¥276.8 Mil. Hence, Hunan New Welllink Advanced Metallic Material Co's Days Payable for the three months ended in Dec. 2024 was 10.58.

The historical rank and industry rank for Hunan New Welllink Advanced Metallic Material Co's Days Payable or its related term are showing as below:

BJSE:871634' s Days Payable Range Over the Past 10 Years
Min: 3.65 Med: 5.68 Max: 11.2
Current: 9.63

During the past 11 years, Hunan New Welllink Advanced Metallic Material Co's highest Days Payable was 11.20. The lowest was 3.65. And the median was 5.68.

BJSE:871634's Days Payable is ranked worse than
96.96% of 1515 companies
in the Chemicals industry
Industry Median: 57.84 vs BJSE:871634: 9.63

Hunan New Welllink Advanced Metallic Material Co's Days Payable increased from Dec. 2023 (8.52) to Dec. 2024 (10.58). It may suggest that Hunan New Welllink Advanced Metallic Material Co delayed paying its suppliers.

Hunan New Welllink Advanced Metallic Material Co Days Payable Historical Data

The historical data trend for Hunan New Welllink Advanced Metallic Material 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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Hunan New Welllink Advanced Metallic Material Co Days Payable Chart

Hunan New Welllink Advanced Metallic Material Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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5.61

5.75

6.30

9.56

11.20

Hunan New Welllink Advanced Metallic Material Co Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															8.52	9.96	7.36	8.84	10.58

Competitive Comparison of Hunan New Welllink Advanced Metallic Material Co's Days Payable

For the Specialty Chemicals subindustry, Hunan New Welllink Advanced Metallic Material 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.

Hunan New Welllink Advanced Metallic Material Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hunan New Welllink Advanced Metallic Material Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hunan New Welllink Advanced Metallic Material Co's Days Payable falls into.

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Hunan New Welllink Advanced Metallic Material 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.

Hunan New Welllink Advanced Metallic Material 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
=	( (18.584	+	34.711)	/	2 )	/	868.417	*	365
=	26.6475					/	868.417	*	365
=	11.20

Hunan New Welllink Advanced Metallic Material Co's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (29.49	+	34.711)	/	2 )	/	276.755	*	365 / 4
=	32.1005					/	276.755	*	365 / 4
=	10.58

Hunan New Welllink Advanced Metallic Material Co Days Payable Related Terms

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Hunan New Welllink Advanced Metallic Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hunan New Welllink Advanced Metallic Material Co Ltd (BJSE:871634) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 199 Lulong Road, No. 905, Building A, Lugu Coordinates, Lugu High-tech Development Zone, Hunan Province, Changsha City, CHN, 410205

Website

https://www.welllinkzn.com

Hunan New Welllink Advanced Metallic Material Co Ltd engages in research and development, production, and sales of zinc metals such as spherical zinc powder, flake zinc powder, and irregular zinc powder.

Hunan New Welllink Advanced Metallic Material Co Headlines

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