Anhui Xinke New Materials Co (SHSE:600255) Days Payable : 127.57 (As of Sep. 2024)

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What is Anhui Xinke New Materials Co Days Payable?

Anhui Xinke New Materials Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥1,321 Mil. Anhui Xinke New Materials Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥945 Mil. Hence, Anhui Xinke New Materials Co's Days Payable for the three months ended in Sep. 2024 was 127.57.

The historical rank and industry rank for Anhui Xinke New Materials Co's Days Payable or its related term are showing as below:

SHSE:600255' s Days Payable Range Over the Past 10 Years
Min: 30.16 Med: 100.43 Max: 200.83
Current: 130.99

During the past 13 years, Anhui Xinke New Materials Co's highest Days Payable was 200.83. The lowest was 30.16. And the median was 100.43.

SHSE:600255's Days Payable is ranked worse than
50.29% of 1040 companies
in the Metals & Mining industry
Industry Median: 131.68 vs SHSE:600255: 130.99

Anhui Xinke New Materials Co's Days Payable declined from Sep. 2023 (142.07) to Sep. 2024 (127.57). It may suggest that Anhui Xinke New Materials Co accelerated paying its suppliers.

Anhui Xinke New Materials Co Days Payable Historical Data

The historical data trend for Anhui Xinke New Materials 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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Anhui Xinke New Materials Co Days Payable Chart

Anhui Xinke New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

118.04

200.83

135.42

143.89

144.32

Anhui Xinke New Materials Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															142.07	118.99	139.86	143.00	127.57

Competitive Comparison of Anhui Xinke New Materials Co's Days Payable

For the Copper subindustry, Anhui Xinke New Materials 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.

Anhui Xinke New Materials Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Anhui Xinke New Materials Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Anhui Xinke New Materials Co's Days Payable falls into.

Anhui Xinke New Materials 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.

Anhui Xinke New Materials 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
=	( (1176.794	+	1172.194)	/	2 )	/	2970.507	*	365
=	1174.494					/	2970.507	*	365
=	144.32

Anhui Xinke New Materials Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (1340.882	+	1302.109)	/	2 )	/	945.278	*	365 / 4
=	1321.4955					/	945.278	*	365 / 4
=	127.57

Anhui Xinke New Materials Co Days Payable Related Terms

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Anhui Xinke New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Anhui Xinke New Materials Co Ltd (SHSE:600255) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 88, Yong'an Road, Jiujiang District, Anhui Province, Wuhu, CHN, 241006

Website

http://www.ahxinke.com

Anhui Xinke New Materials Co Ltd focuses on the research and development, production, and sales of high-performance, high-precision copper alloy plate and strip products. The products include high-precision brass, high copper, bronze, and white copper bare strips as well as their reflow tinned and hot-dip tinned strips; the products are widely used in integrated circuits, consumer electronics, new energy vehicles, LED, photovoltaic power, New generation of information technology, 5G, smart terminals and other industry fields.

Executives

Song Zhi Gang	Director
Wang Sheng	Director
Hu Ji Rong	Director
Xing Wei Song	senior management
Yang Chun Tai	Director
Zhang Xiao Ping	Director
Zhang Long	Director
Wang Xing Hai	senior management
Fu Jian Gen	Supervisors

Anhui Xinke New Materials Co Headlines

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