Chinanjiang Fine Chemicals Co (Chinanjiang Fine Chemicals Co) Days Payable : 37.33 (As of Dec. 2023)

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What is Chinanjiang Fine Chemicals Co Days Payable?

Chinanjiang Fine Chemicals Co's average Accounts Payable for the six months ended in Dec. 2023 was $236 Mil. Chinanjiang Fine Chemicals Co's Cost of Goods Sold for the six months ended in Dec. 2023 was $1,153 Mil. Hence, Chinanjiang Fine Chemicals Co's Days Payable for the six months ended in Dec. 2023 was 37.33.

The historical rank and industry rank for Chinanjiang Fine Chemicals Co's Days Payable or its related term are showing as below:

CNSJF' s Days Payable Range Over the Past 10 Years
Min: 43.92 Med: 63.84 Max: 134.93
Current: 43.92

During the past 13 years, Chinanjiang Fine Chemicals Co's highest Days Payable was 134.93. The lowest was 43.92. And the median was 63.84.

CNSJF's Days Payable is ranked worse than
67.53% of 1503 companies
in the Chemicals industry
Industry Median: 60.89 vs CNSJF: 43.92

Chinanjiang Fine Chemicals Co's Days Payable declined from Dec. 2022 (68.81) to Dec. 2023 (37.33). It may suggest that Chinanjiang Fine Chemicals Co accelerated paying its suppliers.

Chinanjiang Fine Chemicals Co Days Payable Historical Data

The historical data trend for Chinanjiang Fine Chemicals 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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Chinanjiang Fine Chemicals Co Days Payable Chart

Chinanjiang Fine Chemicals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

56.73

49.73

61.43

72.06

48.47

Chinanjiang Fine Chemicals Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															72.48	74.77	68.81	49.37	37.33

Competitive Comparison of Chinanjiang Fine Chemicals Co's Days Payable

For the Chemicals subindustry, Chinanjiang Fine Chemicals 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.

Chinanjiang Fine Chemicals Co's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Chinanjiang Fine Chemicals Co's Days Payable falls into.

Chinanjiang Fine Chemicals 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.

Chinanjiang Fine Chemicals 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
=	( (182.207	+	298.893)	/	2 )	/	1811.443	*	365
=	240.55					/	1811.443	*	365
=	48.47

Chinanjiang Fine Chemicals 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (172.89	+	298.893)	/	2 )	/	1153.145	*	365 / 2
=	235.8915					/	1153.145	*	365 / 2
=	37.33

Chinanjiang Fine Chemicals Co Days Payable Related Terms

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Chinanjiang Fine Chemicals Co (Chinanjiang Fine Chemicals Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Sanjiang Fine Chemicals Co Ltd (OTCPK:CNSJF) » Definitions » Days Payable

Traded in Other Exchanges

02198:Hong Kong

Address

Pinghai Road, Jiaxing Port Area, Zhejiang Province, Jiaxing, CHN

Website

https://www.chinasanjiang.com

China Sanjiang Fine Chemicals Co Ltd manufactures and supplies chemicals in China. The company's products portfolio includes ethylene oxide, ethylene glycol, propylene, polypropylene, methyl tert-butyl ether and surfactants and provides surfactants processing service. Besides, it also produces and distributes C4, crude pentene and industrial gasses, such as oxygen, nitrogen, and argon.

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