China Sunsine Chemical Holdings (HAM:CHM) Days Payable : 5.79 (As of Dec. 2023)

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What is China Sunsine Chemical Holdings Days Payable?

China Sunsine Chemical Holdings's average Accounts Payable for the six months ended in Dec. 2023 was €5.6 Mil. China Sunsine Chemical Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was €176.5 Mil. Hence, China Sunsine Chemical Holdings's Days Payable for the six months ended in Dec. 2023 was 5.79.

The historical rank and industry rank for China Sunsine Chemical Holdings's Days Payable or its related term are showing as below:

HAM:CHM' s Days Payable Range Over the Past 10 Years
Min: 6.51 Med: 25.97 Max: 46.22
Current: 6.51

During the past 13 years, China Sunsine Chemical Holdings's highest Days Payable was 46.22. The lowest was 6.51. And the median was 25.97.

HAM:CHM's Days Payable is ranked worse than
98.67% of 1501 companies
in the Chemicals industry
Industry Median: 60.44 vs HAM:CHM: 6.51

China Sunsine Chemical Holdings's Days Payable declined from Dec. 2022 (8.37) to Dec. 2023 (5.79). It may suggest that China Sunsine Chemical Holdings accelerated paying its suppliers.

China Sunsine Chemical Holdings Days Payable Historical Data

The historical data trend for China Sunsine Chemical Holdings'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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China Sunsine Chemical Holdings Days Payable Chart

China Sunsine Chemical Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

12.11

12.60

24.49

25.61

7.41

China Sunsine Chemical Holdings 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															25.23	25.37	8.37	6.50	5.79

Competitive Comparison of China Sunsine Chemical Holdings's Days Payable

For the Specialty Chemicals subindustry, China Sunsine Chemical Holdings'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.

China Sunsine Chemical Holdings's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, China Sunsine Chemical Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where China Sunsine Chemical Holdings's Days Payable falls into.

China Sunsine Chemical Holdings 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.

China Sunsine Chemical Holdings'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
=	( (7.467	+	6.566)	/	2 )	/	345.67	*	365
=	7.0165					/	345.67	*	365
=	7.41

China Sunsine Chemical Holdings'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
=	( (4.627	+	6.566)	/	2 )	/	176.517	*	365 / 2
=	5.5965					/	176.517	*	365 / 2
=	5.79

China Sunsine Chemical Holdings Days Payable Related Terms

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China Sunsine Chemical Holdings (HAM:CHM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Sunsine Chemical Holdings Ltd (HAM:CHM) » Definitions » Days Payable

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Traded in Other Exchanges

QES:Singapore

Address

16 Raffles Quay, No. 15-08 Hong Leong Building, Singapore, SGP, 048581

Website

https://www.chinasunsine.com

China Sunsine Chemical Holdings Ltd is a rubber chemical producing company. It produces rubber accelerators, cured rubber, natural and synthetic rubber. The group also produces insoluble Sulphur, anti-oxidant, and other vulcanizing agents. The company's production facilities are located at Shanxian, Weifang and Dingtao in Shandong Province, China, and its products are sold under the Sunshine brand. The group has three reportable business segments, namely the manufacturing and sale of rubber chemicals, the production and supply of heating power, and waste treatment. It generates the majority of its revenue from the manufacturing and sale of rubber chemicals. The company operates globally and it derives most of its revenue from the People's Republic of China.

China Sunsine Chemical Holdings (HAM:CHM) Headlines

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