HangZhou Nbond Nonwovens Co (SHSE:603238) Days Payable : 174.12 (As of Mar. 2024)

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What is HangZhou Nbond Nonwovens Co Days Payable?

HangZhou Nbond Nonwovens Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥709 Mil. HangZhou Nbond Nonwovens Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥371 Mil. Hence, HangZhou Nbond Nonwovens Co's Days Payable for the three months ended in Mar. 2024 was 174.12.

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

SHSE:603238' s Days Payable Range Over the Past 10 Years
Min: 30.36 Med: 132.2 Max: 161.03
Current: 143.97

During the past 12 years, HangZhou Nbond Nonwovens Co's highest Days Payable was 161.03. The lowest was 30.36. And the median was 132.20.

SHSE:603238's Days Payable is ranked better than
87.08% of 1014 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.335 vs SHSE:603238: 143.97

HangZhou Nbond Nonwovens Co's Days Payable increased from Mar. 2023 (156.94) to Mar. 2024 (174.12). It may suggest that HangZhou Nbond Nonwovens Co delayed paying its suppliers.

HangZhou Nbond Nonwovens Co Days Payable Historical Data

The historical data trend for HangZhou Nbond Nonwovens 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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HangZhou Nbond Nonwovens Co Days Payable Chart

HangZhou Nbond Nonwovens Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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157.93

129.66

161.03

138.09

140.06

HangZhou Nbond Nonwovens 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															156.94	136.29	142.79	125.07	174.12

Competitive Comparison of HangZhou Nbond Nonwovens Co's Days Payable

For the Textile Manufacturing subindustry, HangZhou Nbond Nonwovens 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.

HangZhou Nbond Nonwovens Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, HangZhou Nbond Nonwovens Co's Days Payable distribution charts can be found below:

* The bar in red indicates where HangZhou Nbond Nonwovens Co's Days Payable falls into.

HangZhou Nbond Nonwovens 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.

HangZhou Nbond Nonwovens 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
=	( (552.349	+	679.756)	/	2 )	/	1605.456	*	365
=	616.0525					/	1605.456	*	365
=	140.06

HangZhou Nbond Nonwovens 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
=	( (679.756	+	737.369)	/	2 )	/	371.322	*	365 / 4
=	708.5625					/	371.322	*	365 / 4
=	174.12

HangZhou Nbond Nonwovens Co Days Payable Related Terms

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HangZhou Nbond Nonwovens Co (SHSE:603238) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » HangZhou Nbond Nonwovens Co Ltd (SHSE:603238) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 16 Hongda Road, Yuhang Economic and Technological Development Zone, Zhejiang Province, Hangzhou, CHN, 311102

Website

http://www.nbond.cn

HangZhou Nbond Nonwovens Co Ltd is a China based company engages in the production and sale of non-woven fabrics. Its nonwovens products cover various series and specifications, including beauty care materials, industrial materials, household wiping materials, medical materials, and various series of products for other fields and purposes.

Executives

Chen Wei Guo	senior management
Zhang Jie	Directors, senior managers
Lu Nian Fen	senior management
Gong Jin Rui	Directors, senior managers
Ren Jian Yong	Directors, senior managers
Zhong Wei Cheng	senior management
Zhang Guo Fu	Supervisors
Ren Fu Jia	Director
Wang Gang	Director
Zhang Yong Tao	Supervisors

HangZhou Nbond Nonwovens Co (SHSE:603238) Headlines

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