Yangmei Chemical Co (SHSE:600691) Days Payable : 107.92 (As of Mar. 2024)

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What is Yangmei Chemical Co Days Payable?

Yangmei Chemical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥3,033 Mil. Yangmei Chemical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,564 Mil. Hence, Yangmei Chemical Co's Days Payable for the three months ended in Mar. 2024 was 107.92.

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

SHSE:600691' s Days Payable Range Over the Past 10 Years
Min: 64.08 Med: 137.67 Max: 206.65
Current: 89.99

During the past 13 years, Yangmei Chemical Co's highest Days Payable was 206.65. The lowest was 64.08. And the median was 137.67.

SHSE:600691's Days Payable is ranked better than
71.62% of 1501 companies
in the Chemicals industry
Industry Median: 60.44 vs SHSE:600691: 89.99

Yangmei Chemical Co's Days Payable increased from Mar. 2023 (66.91) to Mar. 2024 (107.92). It may suggest that Yangmei Chemical Co delayed paying its suppliers.

Yangmei Chemical Co Days Payable Historical Data

The historical data trend for Yangmei Chemical 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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Yangmei Chemical Co Days Payable Chart

Yangmei Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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169.08

113.38

66.00

64.08

77.43

Yangmei Chemical 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															66.91	84.27	76.88	96.51	107.92

Competitive Comparison of Yangmei Chemical Co's Days Payable

For the Chemicals subindustry, Yangmei Chemical 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.

Yangmei Chemical Co's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Yangmei Chemical Co's Days Payable falls into.

Yangmei Chemical 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.

Yangmei Chemical 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
=	( (2584.726	+	2889.146)	/	2 )	/	12901.483	*	365
=	2736.936					/	12901.483	*	365
=	77.43

Yangmei Chemical 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
=	( (2889.146	+	3176.551)	/	2 )	/	2564.485	*	365 / 4
=	3032.8485					/	2564.485	*	365 / 4
=	107.92

Yangmei Chemical Co Days Payable Related Terms

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Yangmei Chemical Co (SHSE:600691) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Yangmei Chemical Co Ltd (SHSE:600691) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 18 Science and Technology Street, Yangmei Building, Shenyang Coal Science and Technology Building, Taiyuan, CHN, 030006

Website

http://www.ymhg.com.cn

Yangmei Chemical Co Ltd operates in the chemical industry. The company's industrial layout covers four categories of agricultural chemicals, new chemicals, chemical equipment manufacturing, and chemical trade. The company's main products include: urea, methanol, ammonium bicarbonate , ammonium chloride, compound fertilizer, dimethyl ether, soda ash, melamine, concentrated nitric acid, dilute nitric acid, sodium nitrate, sodium nitrite, m-phenylenediamine, diaphragm caustic soda, ionic membrane caustic soda, polyvinyl chloride, liquid chlorine, n-butyl Chemical products such as aldehyde, isobutyraldehyde, octanol and hydrogen peroxide.

Executives

Du Dong Hai

senior management

Yangmei Chemical Co (SHSE:600691) Headlines

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