Shida Shinghwa Advanced Material Group Co (SHSE:603026) Days Payable : 149.90 (As of Mar. 2025)

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What is Shida Shinghwa Advanced Material Group Co Days Payable?

Shida Shinghwa Advanced Material Group Co's average Accounts Payable for the three months ended in Mar. 2025 was ¥2,463 Mil. Shida Shinghwa Advanced Material Group Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥1,499 Mil. Hence, Shida Shinghwa Advanced Material Group Co's Days Payable for the three months ended in Mar. 2025 was 149.90.

The historical rank and industry rank for Shida Shinghwa Advanced Material Group Co's Days Payable or its related term are showing as below:

SHSE:603026' s Days Payable Range Over the Past 10 Years
Min: 21.88 Med: 30.68 Max: 128.18
Current: 119.92

During the past 13 years, Shida Shinghwa Advanced Material Group Co's highest Days Payable was 128.18. The lowest was 21.88. And the median was 30.68.

SHSE:603026's Days Payable is ranked better than
83.43% of 1515 companies
in the Chemicals industry
Industry Median: 57.84 vs SHSE:603026: 119.92

Shida Shinghwa Advanced Material Group Co's Days Payable increased from Mar. 2024 (118.72) to Mar. 2025 (149.90). It may suggest that Shida Shinghwa Advanced Material Group Co delayed paying its suppliers.

Shida Shinghwa Advanced Material Group Co Days Payable Historical Data

The historical data trend for Shida Shinghwa Advanced Material 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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Shida Shinghwa Advanced Material Group Co Days Payable Chart

Shida Shinghwa Advanced Material Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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30.40

34.04

43.73

91.57

128.18

Shida Shinghwa Advanced Material Group Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Days Payable	Get a 7-Day Free Trial															118.72	98.91	106.41	149.29	149.90

Competitive Comparison of Shida Shinghwa Advanced Material Group Co's Days Payable

For the Chemicals subindustry, Shida Shinghwa Advanced Material 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.

Shida Shinghwa Advanced Material Group Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shida Shinghwa Advanced Material Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shida Shinghwa Advanced Material Group Co's Days Payable falls into.

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Shida Shinghwa Advanced Material 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.

Shida Shinghwa Advanced Material Group Co's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (1493.925	+	2189.66)	/	2 )	/	5244.646	*	365
=	1841.7925					/	5244.646	*	365
=	128.18

Shida Shinghwa Advanced Material Group Co's Days Payable for the quarter that ended in Mar. 2025 is calculated as:

	Days Payable (Q: Mar. 2025 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2024 )	+	Accounts Payable (Q: Mar. 2025 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
=	( (2189.66	+	2735.699)	/	2 )	/	1499.175	*	365 / 4
=	2462.6795					/	1499.175	*	365 / 4
=	149.90

Shida Shinghwa Advanced Material Group Co Days Payable Related Terms

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Shida Shinghwa Advanced Material Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shida Shinghwa Advanced Material Group Co Ltd (SHSE:603026) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 198 Tongxing Road, Kenli District, Shandong Province, Dongying, CHN, 257503

Website

http://www.sinodmc.com

Shida Shinghwa Advanced Material Group Co Ltd is engaged in the new energy materials business and basic chemical business.

Executives

Yu Hai Ming	Director
Ding Wei Tao	senior management
Lv Jun Qi	senior management
Song Hui Bao	senior management
Zheng Jun	senior management
Guo Tian Ming	Director
Zhang Zhong Xiang	Director
Meng Fan Song	Director
Sun Wu	senior management

Shida Shinghwa Advanced Material Group Co Headlines

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