Ningbo Jintian Copper Group Co (SHSE:601609) Days Payable : 7.46 (As of Mar. 2024)

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What is Ningbo Jintian Copper Group Co Days Payable?

Ningbo Jintian Copper Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,972 Mil. Ningbo Jintian Copper Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥24,134 Mil. Hence, Ningbo Jintian Copper Group Co's Days Payable for the three months ended in Mar. 2024 was 7.46.

The historical rank and industry rank for Ningbo Jintian Copper Group Co's Days Payable or its related term are showing as below:

SHSE:601609' s Days Payable Range Over the Past 10 Years
Min: 5.79 Med: 10.79 Max: 13.73
Current: 8.97

During the past 11 years, Ningbo Jintian Copper Group Co's highest Days Payable was 13.73. The lowest was 5.79. And the median was 10.79.

SHSE:601609's Days Payable is ranked worse than
97.57% of 1068 companies
in the Metals & Mining industry
Industry Median: 130.44 vs SHSE:601609: 8.97

Ningbo Jintian Copper Group Co's Days Payable declined from Mar. 2023 (12.33) to Mar. 2024 (7.46). It may suggest that Ningbo Jintian Copper Group Co accelerated paying its suppliers.

Ningbo Jintian Copper Group Co Days Payable Historical Data

The historical data trend for Ningbo Jintian Copper Group 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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Ningbo Jintian Copper Group Co Days Payable Chart

Ningbo Jintian Copper Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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12.82

13.73

11.28

12.39

9.95

Ningbo Jintian Copper Group 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															12.33	7.64	7.66	7.85	7.46

Competitive Comparison of Ningbo Jintian Copper Group Co's Days Payable

For the Copper subindustry, Ningbo Jintian Copper Group 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.

Ningbo Jintian Copper Group Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Ningbo Jintian Copper Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ningbo Jintian Copper Group Co's Days Payable falls into.

Ningbo Jintian Copper Group 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.

Ningbo Jintian Copper Group 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
=	( (3703.592	+	2185.034)	/	2 )	/	107988.424	*	365
=	2944.313					/	107988.424	*	365
=	9.95

Ningbo Jintian Copper Group 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
=	( (2185.034	+	1759.925)	/	2 )	/	24133.983	*	365 / 4
=	1972.4795					/	24133.983	*	365 / 4
=	7.46

Ningbo Jintian Copper Group Co Days Payable Related Terms

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Ningbo Jintian Copper Group Co (SHSE:601609) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ningbo Jintian Copper Group Co Ltd (SHSE:601609) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.1 West West Road, Cicheng Town, Zhejiang Province, Ningbo, CHN, 315034

Website

http://www.jtgroup.com.cn

Ningbo Jintian Copper Group Co Ltd is engaged in production and sales of recycled copper smelting, copper product processing, deep processing and sintered NdFeB permanent magnet materials. Its activity includes nonferrous and ferrous metal rolling, processing; manufacturing and processing of grinding wheels, wires, motors, hardware, valves, electronic components, fasteners; enameled wire, electrolytic copper, copper rods, plates, tapes, wires, tubes, magnetic materials, stainless steel products.

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