Jiangsu Liba Enterprise JSC (SHSE:603519) Days Payable : 102.67 (As of Mar. 2024)

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What is Jiangsu Liba Enterprise JSC Days Payable?

Jiangsu Liba Enterprise JSC's average Accounts Payable for the three months ended in Mar. 2024 was ¥397 Mil. Jiangsu Liba Enterprise JSC's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥353 Mil. Hence, Jiangsu Liba Enterprise JSC's Days Payable for the three months ended in Mar. 2024 was 102.67.

The historical rank and industry rank for Jiangsu Liba Enterprise JSC's Days Payable or its related term are showing as below:

SHSE:603519' s Days Payable Range Over the Past 10 Years
Min: 60 Med: 80.61 Max: 124.48
Current: 103.43

During the past 13 years, Jiangsu Liba Enterprise JSC's highest Days Payable was 124.48. The lowest was 60.00. And the median was 80.61.

SHSE:603519's Days Payable is ranked better than
72.12% of 2421 companies
in the Hardware industry
Industry Median: 67.89 vs SHSE:603519: 103.43

Jiangsu Liba Enterprise JSC's Days Payable declined from Mar. 2023 (149.67) to Mar. 2024 (102.67). It may suggest that Jiangsu Liba Enterprise JSC accelerated paying its suppliers.

Jiangsu Liba Enterprise JSC Days Payable Historical Data

The historical data trend for Jiangsu Liba Enterprise JSC'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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Jiangsu Liba Enterprise JSC Days Payable Chart

Jiangsu Liba Enterprise JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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81.59

124.48

105.49

95.88

93.12

Jiangsu Liba Enterprise JSC 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															149.67	113.96	112.61	82.72	102.67

Competitive Comparison of Jiangsu Liba Enterprise JSC's Days Payable

For the Electronic Components subindustry, Jiangsu Liba Enterprise JSC'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.

Jiangsu Liba Enterprise JSC's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jiangsu Liba Enterprise JSC's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangsu Liba Enterprise JSC's Days Payable falls into.

Jiangsu Liba Enterprise JSC 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.

Jiangsu Liba Enterprise JSC'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
=	( (362.229	+	321.03)	/	2 )	/	1339.099	*	365
=	341.6295					/	1339.099	*	365
=	93.12

Jiangsu Liba Enterprise JSC'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
=	( (321.03	+	473.457)	/	2 )	/	353.064	*	365 / 4
=	397.2435					/	353.064	*	365 / 4
=	102.67

Jiangsu Liba Enterprise JSC Days Payable Related Terms

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Jiangsu Liba Enterprise JSC (SHSE:603519) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jiangsu Liba Enterprise JSC Ltd (SHSE:603519) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Caixi Road, Environmental Protection Technology Industrial Park, Jiangsu Province, Yixing, CHN, 214205

Website

http://www.jsliba.com

Jiangsu Liba Enterprise JSC Ltd is engaged in the research and development, production and sales of composite materials for home appliance appearance. Its products are mainly laminated film (VCM) series products and coated board (PCM) series products, widely used in refrigerators, washing machines, water heaters, microwave ovens, air conditioners, high-end building door panels and other fields.

Executives

Jiang Da Wei	Directors, senior managers
Lu Feng Xian	Director
Chu Yi Ping	senior management
Wang Shi Qin	Director

Jiangsu Liba Enterprise JSC (SHSE:603519) Headlines

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