Guangdong Rongtai Industry Co (SHSE:600589) Days Payable : 103.94 (As of Mar. 2024)

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What is Guangdong Rongtai Industry Co Days Payable?

Guangdong Rongtai Industry Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥101.9 Mil. Guangdong Rongtai Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥89.5 Mil. Hence, Guangdong Rongtai Industry Co's Days Payable for the three months ended in Mar. 2024 was 103.94.

The historical rank and industry rank for Guangdong Rongtai Industry Co's Days Payable or its related term are showing as below:

SHSE:600589' s Days Payable Range Over the Past 10 Years
Min: 27.23 Med: 119.67 Max: 152.97
Current: 108.34

During the past 13 years, Guangdong Rongtai Industry Co's highest Days Payable was 152.97. The lowest was 27.23. And the median was 119.67.

SHSE:600589's Days Payable is ranked better than
79.55% of 1501 companies
in the Chemicals industry
Industry Median: 60.44 vs SHSE:600589: 108.34

Guangdong Rongtai Industry Co's Days Payable declined from Mar. 2023 (134.00) to Mar. 2024 (103.94). It may suggest that Guangdong Rongtai Industry Co accelerated paying its suppliers.

Guangdong Rongtai Industry Co Days Payable Historical Data

The historical data trend for Guangdong Rongtai Industry 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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Guangdong Rongtai Industry Co Days Payable Chart

Guangdong Rongtai Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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152.97

147.72

131.76

131.07

109.89

Guangdong Rongtai Industry 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															134.00	115.91	115.43	97.39	103.94

Competitive Comparison of Guangdong Rongtai Industry Co's Days Payable

For the Chemicals subindustry, Guangdong Rongtai Industry 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.

Guangdong Rongtai Industry Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Guangdong Rongtai Industry Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Guangdong Rongtai Industry Co's Days Payable falls into.

Guangdong Rongtai Industry 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.

Guangdong Rongtai Industry 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
=	( (109.687	+	102.485)	/	2 )	/	352.369	*	365
=	106.086					/	352.369	*	365
=	109.89

Guangdong Rongtai Industry 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
=	( (102.485	+	101.307)	/	2 )	/	89.452	*	365 / 4
=	101.896					/	89.452	*	365 / 4
=	103.94

Guangdong Rongtai Industry Co Days Payable Related Terms

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Guangdong Rongtai Industry Co (SHSE:600589) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Rongtai Industry Co Ltd (SHSE:600589) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 1 Xinxing East 2nd Road, Rongcheng District,Guangdong, Jieyang, CHN, 522000

Website

http://www.gdrongtai.cn

Guangdong Rongtai Industry Co Ltd produces and sells new chemical materials and their products mostly and does research and development of high polymer composite. The company owns 3 plants (a chemical solvent plant, a chemical material plant, a melamine ware plant), a research institute, an engineering and technology research and development center (province grade), an enterprise technology center (province grade), and a postdoctoral programme.

Executives

Zhang Wei	Directors, senior managers
Zhou Chun	senior management
Xia Chun Yuan	Directors, senior managers
Yang Bao Sheng	Director

Guangdong Rongtai Industry Co (SHSE:600589) Headlines

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