Delixi New Energy Technology Co (SHSE:603032) Days Payable : 63.01 (As of Mar. 2024)

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What is Delixi New Energy Technology Co Days Payable?

Delixi New Energy Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥29.0 Mil. Delixi New Energy Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥42.0 Mil. Hence, Delixi New Energy Technology Co's Days Payable for the three months ended in Mar. 2024 was 63.01.

The historical rank and industry rank for Delixi New Energy Technology Co's Days Payable or its related term are showing as below:

SHSE:603032' s Days Payable Range Over the Past 10 Years
Min: 34.43 Med: 59.43 Max: 110.88
Current: 65.73

During the past 13 years, Delixi New Energy Technology Co's highest Days Payable was 110.88. The lowest was 34.43. And the median was 59.43.

SHSE:603032's Days Payable is ranked better than
70.43% of 930 companies
in the Transportation industry
Industry Median: 39.025 vs SHSE:603032: 65.73

Delixi New Energy Technology Co's Days Payable increased from Mar. 2023 (62.73) to Mar. 2024 (63.01). It may suggest that Delixi New Energy Technology Co delayed paying its suppliers.

Delixi New Energy Technology Co Days Payable Historical Data

The historical data trend for Delixi New Energy Technology 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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Delixi New Energy Technology Co Days Payable Chart

Delixi New Energy Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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63.47

65.64

110.05

110.88

61.00

Delixi New Energy Technology 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															62.73	65.08	57.75	72.18	63.01

Competitive Comparison of Delixi New Energy Technology Co's Days Payable

For the Railroads subindustry, Delixi New Energy Technology 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.

Delixi New Energy Technology Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Delixi New Energy Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Delixi New Energy Technology Co's Days Payable falls into.

Delixi New Energy Technology 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.

Delixi New Energy Technology 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
=	( (64.634	+	27.087)	/	2 )	/	274.413	*	365
=	45.8605					/	274.413	*	365
=	61.00

Delixi New Energy Technology 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
=	( (27.087	+	30.94)	/	2 )	/	42.018	*	365 / 4
=	29.0135					/	42.018	*	365 / 4
=	63.01

Delixi New Energy Technology Co Days Payable Related Terms

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Delixi New Energy Technology Co (SHSE:603032) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Delixi New Energy Technology Co Ltd (SHSE:603032) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 236, High-speed Railway North 5th Road, Economic and Technological Development Zone (Toutunhe District), Xinjiang Uygur Autonomous Region, Urumqi, CHN, 830000

Website

http://www.xjdlxky.com

Delixi New Energy Technology Co Ltd formerly Delixi Xinjiang Transportation Co Ltd is engaged in overland passenger transport business. Its services include overland passenger transport business and passenger bus station business.

Executives

Song Guo Qiang	Director
Wu Da Xue	senior management
Du Hai Tao	senior management
Wang Zhong Ming	Director
Chen Xiang	senior management
Qiu Ling	senior management
Ma Yue Jin	Director

Delixi New Energy Technology Co (SHSE:603032) Headlines

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