China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Days Payable : 37.31 (As of Dec. 2023)

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What is China Northern Rare Earth (Group) High-Tech Co Days Payable?

China Northern Rare Earth (Group) High-Tech Co's average Accounts Payable for the three months ended in Dec. 2023 was ¥2,771 Mil. China Northern Rare Earth (Group) High-Tech Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥6,778 Mil. Hence, China Northern Rare Earth (Group) High-Tech Co's Days Payable for the three months ended in Dec. 2023 was 37.31.

The historical rank and industry rank for China Northern Rare Earth (Group) High-Tech Co's Days Payable or its related term are showing as below:

SHSE:600111' s Days Payable Range Over the Past 10 Years
Min: 27.75 Med: 34.99 Max: 148.19
Current: 36.72

During the past 13 years, China Northern Rare Earth (Group) High-Tech Co's highest Days Payable was 148.19. The lowest was 27.75. And the median was 34.99.

SHSE:600111's Days Payable is ranked worse than
80.75% of 1065 companies
in the Metals & Mining industry
Industry Median: 130.91 vs SHSE:600111: 36.72

China Northern Rare Earth (Group) High-Tech Co's Days Payable increased from Dec. 2022 (37.00) to Dec. 2023 (37.31). It may suggest that China Northern Rare Earth (Group) High-Tech Co delayed paying its suppliers.

China Northern Rare Earth (Group) High-Tech Co Days Payable Historical Data

The historical data trend for China Northern Rare Earth (Group) High-Tech 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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China Northern Rare Earth (Group) High-Tech Co Days Payable Chart

China Northern Rare Earth (Group) High-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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27.75

28.12

33.44

35.73

34.25

China Northern Rare Earth (Group) High-Tech Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															37.00	37.57	43.18	32.14	37.31

Competitive Comparison of China Northern Rare Earth (Group) High-Tech Co's Days Payable

For the Other Industrial Metals & Mining subindustry, China Northern Rare Earth (Group) High-Tech 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.

China Northern Rare Earth (Group) High-Tech Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, China Northern Rare Earth (Group) High-Tech Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China Northern Rare Earth (Group) High-Tech Co's Days Payable falls into.

China Northern Rare Earth (Group) High-Tech 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.

China Northern Rare Earth (Group) High-Tech 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
=	( (2745.168	+	2621.63)	/	2 )	/	28599.953	*	365
=	2683.399					/	28599.953	*	365
=	34.25

China Northern Rare Earth (Group) High-Tech 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2921.064	+	2621.63)	/	2 )	/	6778.416	*	365 / 4
=	2771.347					/	6778.416	*	365 / 4
=	37.31

China Northern Rare Earth (Group) High-Tech Co Days Payable Related Terms

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China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Northern Rare Earth (Group) High-Tech Co Ltd (SHSE:600111) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 83 Huanghe Street, Baotou Rare Earth Hi-tech Industrial Development Zone, Inner Mongolia Autonomous Region, Baotou, CHN, 014030

Website

http://www.reht.com

China Northern Rare Earth (Group) High-Tech Co Ltd is a China-based company operating in a non-ferrous metal smelting and rolling processing industry. It refines and sells rare earth minerals and resources.

China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Headlines

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