Fujian Fynex Textile Science & Technology Co (SHSE:600493) Days Payable : 164.44 (As of Mar. 2024)

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What is Fujian Fynex Textile Science & Technology Co Days Payable?

Fujian Fynex Textile Science & Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥339.9 Mil. Fujian Fynex Textile Science & Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥188.6 Mil. Hence, Fujian Fynex Textile Science & Technology Co's Days Payable for the three months ended in Mar. 2024 was 164.44.

The historical rank and industry rank for Fujian Fynex Textile Science & Technology Co's Days Payable or its related term are showing as below:

SHSE:600493' s Days Payable Range Over the Past 10 Years
Min: 80.89 Med: 107.68 Max: 184.07
Current: 171.51

During the past 13 years, Fujian Fynex Textile Science & Technology Co's highest Days Payable was 184.07. The lowest was 80.89. And the median was 107.68.

SHSE:600493's Days Payable is ranked better than
89.99% of 1019 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.07 vs SHSE:600493: 171.51

Fujian Fynex Textile Science & Technology Co's Days Payable declined from Mar. 2023 (215.61) to Mar. 2024 (164.44). It may suggest that Fujian Fynex Textile Science & Technology Co accelerated paying its suppliers.

Fujian Fynex Textile Science & Technology Co Days Payable Historical Data

The historical data trend for Fujian Fynex Textile Science & Technology 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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Fujian Fynex Textile Science & Technology Co Days Payable Chart

Fujian Fynex Textile Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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111.08

121.08

149.20

184.07

173.29

Fujian Fynex Textile Science & Technology 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															215.61	202.63	170.62	149.72	164.44

Competitive Comparison of Fujian Fynex Textile Science & Technology Co's Days Payable

For the Textile Manufacturing subindustry, Fujian Fynex Textile Science & Technology 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.

Fujian Fynex Textile Science & Technology Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Fujian Fynex Textile Science & Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Fujian Fynex Textile Science & Technology Co's Days Payable falls into.

Fujian Fynex Textile Science & Technology 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.

Fujian Fynex Textile Science & Technology 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
=	( (485.705	+	343.615)	/	2 )	/	873.376	*	365
=	414.66					/	873.376	*	365
=	173.29

Fujian Fynex Textile Science & Technology 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
=	( (343.615	+	336.098)	/	2 )	/	188.587	*	365 / 4
=	339.8565					/	188.587	*	365 / 4
=	164.44

Fujian Fynex Textile Science & Technology Co Days Payable Related Terms

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Fujian Fynex Textile Science & Technology Co (SHSE:600493) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Fujian Fynex Textile Science & Technology Co Ltd (SHSE:600493) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Fengzhu Industrial Zone, Qingyang, Jinjiang, Fujian, CHN, 362200

Website

http://www.fynex.com.cn

Fujian Fynex Textile Science & Technology Co Ltd is engaged in the production of fabrics, cheese yarns and environmental protection facilities. The company has a weaving factory, a dyeing factory, a bleaching and dyeing factory, a sewage treatment plant and a cotton spinning subsidiary. The product catalogue includes - Terry cloth set, Roman cloth, Fully lined stretch jersey, and Coffee carbon.

Executives

Li Chang Chun	Director
Chen Cheng Qing	Director
Lin Jian Cai	Director
Li Chun Xing	Director

Fujian Fynex Textile Science & Technology Co (SHSE:600493) Headlines

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