Jinduicheng Molybdenum Co (SHSE:601958) Days Payable : 43.41 (As of Mar. 2024)

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What is Jinduicheng Molybdenum Co Days Payable?

Jinduicheng Molybdenum Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥773 Mil. Jinduicheng Molybdenum Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,626 Mil. Hence, Jinduicheng Molybdenum Co's Days Payable for the three months ended in Mar. 2024 was 43.41.

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

SHSE:601958' s Days Payable Range Over the Past 10 Years
Min: 27.32 Med: 36.82 Max: 50.2
Current: 42.63

During the past 13 years, Jinduicheng Molybdenum Co's highest Days Payable was 50.20. The lowest was 27.32. And the median was 36.82.

SHSE:601958's Days Payable is ranked worse than
78.39% of 1069 companies
in the Metals & Mining industry
Industry Median: 129.97 vs SHSE:601958: 42.63

Jinduicheng Molybdenum Co's Days Payable declined from Mar. 2023 (62.22) to Mar. 2024 (43.41). It may suggest that Jinduicheng Molybdenum Co accelerated paying its suppliers.

Jinduicheng Molybdenum Co Days Payable Historical Data

The historical data trend for Jinduicheng Molybdenum 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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Jinduicheng Molybdenum Co Days Payable Chart

Jinduicheng Molybdenum Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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35.30

39.32

41.27

46.08

50.20

Jinduicheng Molybdenum 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															62.22	39.32	38.21	54.36	43.41

Competitive Comparison of Jinduicheng Molybdenum Co's Days Payable

For the Other Industrial Metals & Mining subindustry, Jinduicheng Molybdenum 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.

Jinduicheng Molybdenum Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Jinduicheng Molybdenum Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jinduicheng Molybdenum Co's Days Payable falls into.

Jinduicheng Molybdenum 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.

Jinduicheng Molybdenum 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
=	( (809.923	+	840.623)	/	2 )	/	6000.872	*	365
=	825.273					/	6000.872	*	365
=	50.20

Jinduicheng Molybdenum 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
=	( (840.623	+	705.902)	/	2 )	/	1625.547	*	365 / 4
=	773.2625					/	1625.547	*	365 / 4
=	43.41

Jinduicheng Molybdenum Co Days Payable Related Terms

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Jinduicheng Molybdenum Co (SHSE:601958) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jinduicheng Molybdenum Co Ltd (SHSE:601958) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

88, Jinye Road, Hi-Tech Industrial Development Zone, Shanxi, Xi'an, CHN, 710077

Website

http://www.jdcmoly.com

Jinduicheng Molybdenum Co Ltd is engaged in production and sale of molybdenum. The activities of the company include molybdenum mining, beneficiation, smelting, chemical and metal deep processing. The products of the company include molybdenum metallurgy charge, molybdenum chemical industry, and molybdenum metal processing.

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