Shandong Huatai Paper Industry Shareholding Co (SHSE:600308) Days Payable : 77.48 (As of Mar. 2024)

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What is Shandong Huatai Paper Industry Shareholding Co Days Payable?

Shandong Huatai Paper Industry Shareholding Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,628 Mil. Shandong Huatai Paper Industry Shareholding Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,094 Mil. Hence, Shandong Huatai Paper Industry Shareholding Co's Days Payable for the three months ended in Mar. 2024 was 77.48.

The historical rank and industry rank for Shandong Huatai Paper Industry Shareholding Co's Days Payable or its related term are showing as below:

SHSE:600308' s Days Payable Range Over the Past 10 Years
Min: 52.75 Med: 71.43 Max: 90.89
Current: 79.17

During the past 13 years, Shandong Huatai Paper Industry Shareholding Co's highest Days Payable was 90.89. The lowest was 52.75. And the median was 71.43.

SHSE:600308's Days Payable is ranked better than
69.42% of 278 companies
in the Forest Products industry
Industry Median: 57.6 vs SHSE:600308: 79.17

Shandong Huatai Paper Industry Shareholding Co's Days Payable declined from Mar. 2023 (88.32) to Mar. 2024 (77.48). It may suggest that Shandong Huatai Paper Industry Shareholding Co accelerated paying its suppliers.

Shandong Huatai Paper Industry Shareholding Co Days Payable Historical Data

The historical data trend for Shandong Huatai Paper Industry Shareholding 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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Shandong Huatai Paper Industry Shareholding Co Days Payable Chart

Shandong Huatai Paper Industry Shareholding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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56.47

71.25

85.57

90.89

84.78

Shandong Huatai Paper Industry Shareholding Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															88.32	88.29	75.26	73.26	77.48

Competitive Comparison of Shandong Huatai Paper Industry Shareholding Co's Days Payable

For the Paper & Paper Products subindustry, Shandong Huatai Paper Industry Shareholding 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.

Shandong Huatai Paper Industry Shareholding Co's Days Payable Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Shandong Huatai Paper Industry Shareholding Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong Huatai Paper Industry Shareholding Co's Days Payable falls into.

Shandong Huatai Paper Industry Shareholding 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.

Shandong Huatai Paper Industry Shareholding 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
=	( (3145.576	+	2573.438)	/	2 )	/	12311.018	*	365
=	2859.507					/	12311.018	*	365
=	84.78

Shandong Huatai Paper Industry Shareholding Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (2573.438	+	2681.627)	/	2 )	/	3094.393	*	365 / 4
=	2627.5325					/	3094.393	*	365 / 4
=	77.48

Shandong Huatai Paper Industry Shareholding Co Days Payable Related Terms

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Shandong Huatai Paper Industry Shareholding Co (SHSE:600308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shandong Huatai Paper Industry Shareholding Co Ltd (SHSE:600308) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Dawang Town, Guangrao County, Shandong Province, Dongying, CHN, 257335

Website

http://www.huataipaper.com

Shandong Huatai Paper Industry Shareholding Co Ltd is engaged in the manufacture and distribution of paper products and related chemical products. The groups main products are high-grade newspaper, high-grade coated paper, double adhesive tape, light adhesive tape, new textbook paper, super pressure More than 100 kinds of papers such as glossy paper, electrostatic copy paper and household paper, and more than 20 kinds of chemical products such as liquid chlorine, caustic soda and hydrogen peroxide. Geographically it operates through the region of China.

Executives

Sun Ya Jun	senior management
Wei Wen Guang	Director
Chi Yu Xiang	senior management
Li Gang	Director
Li Xiao Liang	Director
Wei Li Jun	Director
Xie Shi Bing	Supervisors
Li Li	Supervisors
Zhu Wan Liang	Director
Zhang Feng Shan	Supervisors
Ren Wen Tao	Supervisors
Li Guo Shun	Director
Chen Guo Ying	senior management
Zhu Yan Ming	Supervisors
Li Jian Hua	Director

Shandong Huatai Paper Industry Shareholding Co (SHSE:600308) Headlines

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