Jiangsu Keqiang New Materials Co (BJSE:873665) Days Payable : 162.71 (As of Mar. 2024)

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What is Jiangsu Keqiang New Materials Co Days Payable?

Jiangsu Keqiang New Materials Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥80.8 Mil. Jiangsu Keqiang New Materials Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥45.3 Mil. Hence, Jiangsu Keqiang New Materials Co's Days Payable for the three months ended in Mar. 2024 was 162.71.

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

BJSE:873665' s Days Payable Range Over the Past 10 Years
Min: 50.82 Med: 152.07 Max: 208.28
Current: 148.4

During the past 7 years, Jiangsu Keqiang New Materials Co's highest Days Payable was 208.28. The lowest was 50.82. And the median was 152.07.

BJSE:873665's Days Payable is ranked better than
89.24% of 1506 companies
in the Chemicals industry
Industry Median: 61.065 vs BJSE:873665: 148.40

Jiangsu Keqiang New Materials Co's Days Payable increased from Mar. 2023 (148.70) to Mar. 2024 (162.71). It may suggest that Jiangsu Keqiang New Materials Co delayed paying its suppliers.

Jiangsu Keqiang New Materials Co Days Payable Historical Data

The historical data trend for Jiangsu Keqiang 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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Jiangsu Keqiang New Materials Co Days Payable Chart

Jiangsu Keqiang New Materials Co Annual Data

Trend

Dec15

Dec16

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

103.27

208.28

183.18

180.82

152.07

Jiangsu Keqiang New Materials Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial													148.70	137.28	171.54	143.81	162.71

Competitive Comparison of Jiangsu Keqiang New Materials Co's Days Payable

For the Specialty Chemicals subindustry, Jiangsu Keqiang 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.

Jiangsu Keqiang New Materials Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangsu Keqiang New Materials Co's Days Payable distribution charts can be found below:

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

Jiangsu Keqiang 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.

Jiangsu Keqiang 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
=	( (82.129	+	87.533)	/	2 )	/	203.606	*	365
=	84.831					/	203.606	*	365
=	152.07

Jiangsu Keqiang New Materials 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
=	( (87.533	+	74.068)	/	2 )	/	45.314	*	365 / 4
=	80.8005					/	45.314	*	365 / 4
=	162.71

Jiangsu Keqiang New Materials Co Days Payable Related Terms

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Jiangsu Keqiang New Materials Co (BJSE:873665) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Keqiang New Materials Co Ltd (BJSE:873665) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 1, Xiasheng Road, Qiaoqi Industrial Park, Jiangyin, CHN

Website

http://www.keqiangtape.com

Jiangsu Keqiang New Materials Co Ltd is a company engaged in research & development, production and sales of special high-performance rubber (cloth, plate, belt) products, providing global customers with system solutions in the fields of sealing, buffering, anti-corrosion, transmission and other fields. The main products include train windshield fabrics, silicone sheets for photovoltaic module laminators, rubber sealing parts for storage tanks, lightweight rubber conveyor belts, etc.

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