Changzhou Shenli Electrical Machine Co (SHSE:603819) Days Payable : 36.94 (As of Mar. 2024)

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What is Changzhou Shenli Electrical Machine Co Days Payable?

Changzhou Shenli Electrical Machine Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥97 Mil. Changzhou Shenli Electrical Machine Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥241 Mil. Hence, Changzhou Shenli Electrical Machine Co's Days Payable for the three months ended in Mar. 2024 was 36.94.

The historical rank and industry rank for Changzhou Shenli Electrical Machine Co's Days Payable or its related term are showing as below:

SHSE:603819' s Days Payable Range Over the Past 10 Years
Min: 17.96 Med: 26.27 Max: 35.46
Current: 34.86

During the past 13 years, Changzhou Shenli Electrical Machine Co's highest Days Payable was 35.46. The lowest was 17.96. And the median was 26.27.

SHSE:603819's Days Payable is ranked worse than
85.34% of 2934 companies
in the Industrial Products industry
Industry Median: 76.49 vs SHSE:603819: 34.86

Changzhou Shenli Electrical Machine Co's Days Payable increased from Mar. 2023 (29.11) to Mar. 2024 (36.94). It may suggest that Changzhou Shenli Electrical Machine Co delayed paying its suppliers.

Changzhou Shenli Electrical Machine Co Days Payable Historical Data

The historical data trend for Changzhou Shenli Electrical Machine 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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Changzhou Shenli Electrical Machine Co Days Payable Chart

Changzhou Shenli Electrical Machine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

26.71

24.27

21.48

25.82

28.46

Changzhou Shenli Electrical Machine 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															29.11	33.80	39.08	28.13	36.94

Competitive Comparison of Changzhou Shenli Electrical Machine Co's Days Payable

For the Specialty Industrial Machinery subindustry, Changzhou Shenli Electrical Machine 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.

Changzhou Shenli Electrical Machine Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Changzhou Shenli Electrical Machine Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Changzhou Shenli Electrical Machine Co's Days Payable falls into.

Changzhou Shenli Electrical Machine 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.

Changzhou Shenli Electrical Machine 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
=	( (102.294	+	79.923)	/	2 )	/	1168.428	*	365
=	91.1085					/	1168.428	*	365
=	28.46

Changzhou Shenli Electrical Machine 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
=	( (79.923	+	115.051)	/	2 )	/	240.786	*	365 / 4
=	97.487					/	240.786	*	365 / 4
=	36.94

Changzhou Shenli Electrical Machine Co Days Payable Related Terms

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Changzhou Shenli Electrical Machine Co (SHSE:603819) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Changzhou Shenli Electrical Machine Inc Co (SHSE:603819) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Dong Cheng Lu, Qishuyan Qu, Jiangsu Sheng, Changzhou, CHN, 213013

Website

http://www.czshenli.com

Changzhou Shenli Electrical Machine Inc Co is engaged in manufacturing of stator, rotor laminations and cores for motors. The company produces its products for application in diesel generators, wind power generators, medium-voltage and high-voltage motor, railway motors, elevator motors and AC motors. Its products are supplied across Chinese and international markets. It generates revenues through the sale of laminations and core of motors.

Changzhou Shenli Electrical Machine Co (SHSE:603819) Headlines

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