LBTI (Lithium & Boron Technology) Days Payable: 55.17 (As of Jun. 2022)

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LBTI Lithium & Boron Technology Inc LBTI
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What is Lithium & Boron Technology Days Payable?

Lithium & Boron Technology LBTI 12 Days Payable is 55.17 as of Jun. 2022. GuruFocus rates LBTI with a GF Score™ of 12/100.

Lithium & Boron Technology's average Accounts Payable for the three months ended in Jun. 2022 was $0.21 Mil. Lithium & Boron Technology's Cost of Goods Sold for the three months ended in Jun. 2022 was $0.35 Mil. Hence, Lithium & Boron Technology's Days Payable for the three months ended in Jun. 2022 was 55.17.

The historical rank and industry rank for Lithium & Boron Technology's Days Payable or its related term are showing as below:

LBTI's Days Payable is not ranked *
in the Chemicals industry.
Industry Median: 59.25
* Ranked among companies with meaningful Days Payable only.

Lithium & Boron Technology's Days Payable increased from Jun. 2021 (21.64) to Jun. 2022 (55.17). It may suggest that Lithium & Boron Technology delayed paying its suppliers.


Lithium & Boron Technology Days Payable Historical Data

* Premium members only.

The historical data trend for Lithium & Boron Technology'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.

Lithium & Boron Technology Days Payable Chart

Lithium & Boron Technology Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 410.17 66.55 48.64 23.50 41.16

Lithium & Boron Technology Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.64 33.68 0.00 0.00 55.17

LBTI vs ATYG, GRST, NXTFF: Days Payable Comparison

For the Chemicals subindustry, Lithium & Boron Technology'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.


Lithium & Boron Technology Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Lithium & Boron Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Lithium & Boron Technology's Days Payable falls into.


LBTI
12GF Score
Lithium & Boron Technology Inc LBTI
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Lithium & Boron Technology 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.

Lithium & Boron Technology's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

Days Payable (A: Dec. 2021 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2020 ) + Accounts Payable (A: Dec. 2021 )) / count ) / Cost of Goods Sold (A: Dec. 2021 )*Days in Period
=( (0.526 + 0.313) / 2 ) / 3.72*365
=0.4195 / 3.72*365
=41.16

Lithium & Boron Technology's Days Payable for the quarter that ended in Jun. 2022 is calculated as:

Days Payable (Q: Jun. 2022 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2022 ) + Accounts Payable (Q: Jun. 2022 )) / count ) / Cost of Goods Sold (Q: Jun. 2022 )*Days in Period
=( (0.153 + 0.269) / 2 ) / 0.349*365 / 4
=0.211 / 0.349*365 / 4
=55.17

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 55.17 mean?
Lithium & Boron Technology (LBTI) has a Days Payable of 55.17 as of Jun. 2022. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Lithium & Boron Technology and its competitors.
Is Lithium & Boron Technology's Days Payable too high?
Lithium & Boron Technology's current Days Payable is 55.17. The Chemicals industry median Days Payable is 59.25. Lithium & Boron Technology's value of 55.17 is 6.9% below this industry median. Overall, Lithium & Boron Technology has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Lithium & Boron Technology's Days Payable compare to ATYG and GRST?
Lithium & Boron Technology's Days Payable of 55.17 can be compared against companies in the Chemicals industry. The industry median Days Payable is 59.25. Lithium & Boron Technology's value of 55.17 is 6.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Chemicals company?
The median Days Payable among Chemicals companies is 59.25, based on 1,569 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lithium & Boron Technology's current Days Payable of 55.17 is 6.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Lithium & Boron Technology and its competitors. For the Chemicals industry, the median Days Payable is 59.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lithium & Boron Technology's current Days Payable is 55.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lithium & Boron Technology stock overvalued right now?
Lithium & Boron Technology (LBTI) has a current Days Payable of 55.17. The current Days Payable is 55.17 and 6.9% below the Chemicals industry median of 59.25. Lithium & Boron Technology's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Lithium & Boron Technology (LBTI), the current Days Payable is 55.17 as of Jun. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Lithium & Boron Technology Business Description

Address 60 East Ren-Min Road, Xai Xi County, Qing Hai Province, Da-Chai Dan, CHN, 817000
Lithium & Boron Technology Inc is a Chinese boric acid manufacturing company. The company focuses on the comprehensive development and utilization of salt lake resources and product research and development, and is a resource-based enterprise integrating boron ore mining, boric acid production, deep processing of borate compounds, and production and sales of industrial salt.
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