Shanghai Sinotec Co (SHSE:603121) Days Payable : 95.38 (As of Mar. 2024)

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What is Shanghai Sinotec Co Days Payable?

Shanghai Sinotec Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥258 Mil. Shanghai Sinotec Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥247 Mil. Hence, Shanghai Sinotec Co's Days Payable for the three months ended in Mar. 2024 was 95.38.

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

SHSE:603121' s Days Payable Range Over the Past 10 Years
Min: 77.08 Med: 94.17 Max: 127.96
Current: 100.87

During the past 10 years, Shanghai Sinotec Co's highest Days Payable was 127.96. The lowest was 77.08. And the median was 94.17.

SHSE:603121's Days Payable is ranked better than
72.19% of 1262 companies
in the Vehicles & Parts industry
Industry Median: 66.61 vs SHSE:603121: 100.87

Shanghai Sinotec Co's Days Payable declined from Mar. 2023 (130.73) to Mar. 2024 (95.38). It may suggest that Shanghai Sinotec Co accelerated paying its suppliers.

Shanghai Sinotec Co Days Payable Historical Data

The historical data trend for Shanghai Sinotec 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.

* Premium members only.

Shanghai Sinotec Co Days Payable Chart

Shanghai Sinotec Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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103.16

119.24

88.35

127.96

115.24

Shanghai Sinotec 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															130.73	107.98	98.95	91.27	95.38

Competitive Comparison of Shanghai Sinotec Co's Days Payable

For the Auto Parts subindustry, Shanghai Sinotec 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.

Shanghai Sinotec Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shanghai Sinotec Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai Sinotec Co's Days Payable falls into.

Shanghai Sinotec 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.

Shanghai Sinotec 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
=	( (333.663	+	256.029)	/	2 )	/	933.866	*	365
=	294.846					/	933.866	*	365
=	115.24

Shanghai Sinotec 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
=	( (256.029	+	259.639)	/	2 )	/	246.67	*	365 / 4
=	257.834					/	246.67	*	365 / 4
=	95.38

Shanghai Sinotec Co Days Payable Related Terms

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Shanghai Sinotec Co (SHSE:603121) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Sinotec Co Ltd (SHSE:603121) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 218 Songxiu Road, Building 3, Qingpu District, Shanghai, CHN, 201707

Website

http://www.sinotec.cn

Shanghai Sinotec Co Ltd is mainly engaged in the production and development of auto parts, with processes covering precision casting, sand casting, machining and various welding assemblies. The company primarily offers services to world's renowned enterprises such as BorgWarner, Honeywell, Mitsubishi Heavy Industries, BoschMahle, Continental, Harima Heavy Industries (HHI), HunanTyen and so on.

Executives

Jiang He	senior management
Feng Ke	senior management
Li Yan	senior management
Tang Quan Rong	Supervisors

Shanghai Sinotec Co (SHSE:603121) Headlines

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