Jiangsunfame Polyester Material Co (SHSE:600370) Days Payable : 35.78 (As of Sep. 2024)

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What is Jiangsunfame Polyester Material Co Days Payable?

Jiangsunfame Polyester Material Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥2,613 Mil. Jiangsunfame Polyester Material Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥6,663 Mil. Hence, Jiangsunfame Polyester Material Co's Days Payable for the three months ended in Sep. 2024 was 35.78.

The historical rank and industry rank for Jiangsunfame Polyester Material Co's Days Payable or its related term are showing as below:

SHSE:600370' s Days Payable Range Over the Past 10 Years
Min: 38.47 Med: 55.77 Max: 88.12
Current: 38.47

During the past 13 years, Jiangsunfame Polyester Material Co's highest Days Payable was 88.12. The lowest was 38.47. And the median was 55.77.

SHSE:600370's Days Payable is ranked worse than
65.72% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 55.93 vs SHSE:600370: 38.47

Jiangsunfame Polyester Material Co's Days Payable declined from Sep. 2023 (45.58) to Sep. 2024 (35.78). It may suggest that Jiangsunfame Polyester Material Co accelerated paying its suppliers.

Jiangsunfame Polyester Material Co Days Payable Historical Data

The historical data trend for Jiangsunfame Polyester Material 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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Jiangsunfame Polyester Material Co Days Payable Chart

Jiangsunfame Polyester Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

47.00

88.12

54.04

57.63

45.76

Jiangsunfame Polyester Material 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															45.58	37.25	40.98	36.84	35.78

Competitive Comparison of Jiangsunfame Polyester Material Co's Days Payable

For the Textile Manufacturing subindustry, Jiangsunfame Polyester Material 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.

Jiangsunfame Polyester Material Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Jiangsunfame Polyester Material Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangsunfame Polyester Material Co's Days Payable falls into.

Jiangsunfame Polyester Material 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.

Jiangsunfame Polyester Material 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
=	( (3712.617	+	2163.752)	/	2 )	/	23438.136	*	365
=	2938.1845					/	23438.136	*	365
=	45.76

Jiangsunfame Polyester Material 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
=	( (2411.775	+	2813.352)	/	2 )	/	6663.01	*	365 / 4
=	2612.5635					/	6663.01	*	365 / 4
=	35.78

Jiangsunfame Polyester Material Co Days Payable Related Terms

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Jiangsunfame Polyester Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Jiangsu Sanfame Polyester Material Co Ltd (SHSE:600370) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Sanfangxiang Village, Zhouzhuang Town, Jiangsu Province, Jiangyin, CHN, 214423

Website

http://www.jssfx.com

Jiangsu Sanfame Polyester Material Co Ltd formerly Jiangsu Sanfame Co Ltd is engaged in the production and trade of chemical fibres, polyester, and textile.

Executives

Xue Zheng Hui	Director
Sun Zhi Ming	Supervisors
Li Yi Feng	Director
Bian Yong Gang	Director
He Shi Hui	Director
Bian Hui Liang	senior management
Shu De Bao	senior management
Bian Ping Gang	Director
Bian Guo Hong	Supervisors
Bian Lin An	Director
Bian Fu Hou	Director
Liu Gang	Director
Bian Ru Qing	Supervisors

Jiangsunfame Polyester Material Co Headlines

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