Ximei Resources Holding (HKSE:09936) Days Payable : 25.41 (As of Dec. 2023)

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What is Ximei Resources Holding Days Payable?

Ximei Resources Holding's average Accounts Payable for the six months ended in Dec. 2023 was HK$93 Mil. Ximei Resources Holding's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$667 Mil. Hence, Ximei Resources Holding's Days Payable for the six months ended in Dec. 2023 was 25.41.

The historical rank and industry rank for Ximei Resources Holding's Days Payable or its related term are showing as below:

HKSE:09936' s Days Payable Range Over the Past 10 Years
Min: 6.45 Med: 22.81 Max: 31.74
Current: 28.71

During the past 8 years, Ximei Resources Holding's highest Days Payable was 31.74. The lowest was 6.45. And the median was 22.81.

HKSE:09936's Days Payable is ranked worse than
82.13% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs HKSE:09936: 28.71

Ximei Resources Holding's Days Payable declined from Dec. 2022 (32.62) to Dec. 2023 (25.41). It may suggest that Ximei Resources Holding accelerated paying its suppliers.

Ximei Resources Holding Days Payable Historical Data

The historical data trend for Ximei Resources Holding'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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Ximei Resources Holding Days Payable Chart

Ximei Resources Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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23.80

9.56

6.45

25.89

23.78

Ximei Resources Holding Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial								12.70	21.08	32.62	38.46	25.41

Competitive Comparison of Ximei Resources Holding's Days Payable

For the Specialty Chemicals subindustry, Ximei Resources Holding'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.

Ximei Resources Holding's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ximei Resources Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Ximei Resources Holding's Days Payable falls into.

Ximei Resources Holding 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.

Ximei Resources Holding'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
=	( (96.379	+	59.37)	/	2 )	/	1195.222	*	365
=	77.8745					/	1195.222	*	365
=	23.78

Ximei Resources Holding'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
=	( (126.333	+	59.37)	/	2 )	/	666.856	*	365 / 2
=	92.8515					/	666.856	*	365 / 2
=	25.41

Ximei Resources Holding Days Payable Related Terms

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Ximei Resources Holding (HKSE:09936) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ximei Resources Holding Ltd (HKSE:09936) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hongqiao Village, Qiaotou Town, Guangdong Province, Yingde, CHN

Website

http://www.zhiyuanm.com

Ximei Resources Holding Ltd produces tantalum- and niobium-based metallurgical products in China. Tantalum- and niobium-based metallurgical products are essential in the downstream manufacture of many products used in high-tech industries, such as special alloy, chemical, electronic ceramics, aeronautics, aerospace, high-end electronics, defence and hard alloy. Its principal products are tantalum pentoxide and niobium pentoxide. It also produces and sells potassium heptafluorotantalate. The company sells processed products such as tantalum bars, tantalum carbide, niobium bars and niobium powder, which are produced by engaging third-party metallurgy companies to process the pentoxide products and potassium heptafluorotantalate it produces or purchased from third-party metallurgy companies.

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