Shenzhen Original Advanced Compounds Co (SHSE:603991) Days Payable : 128.78 (As of Mar. 2024)

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What is Shenzhen Original Advanced Compounds Co Days Payable?

Shenzhen Original Advanced Compounds Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥41.8 Mil. Shenzhen Original Advanced Compounds Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥29.6 Mil. Hence, Shenzhen Original Advanced Compounds Co's Days Payable for the three months ended in Mar. 2024 was 128.78.

The historical rank and industry rank for Shenzhen Original Advanced Compounds Co's Days Payable or its related term are showing as below:

SHSE:603991' s Days Payable Range Over the Past 10 Years
Min: 38.45 Med: 56.93 Max: 109.94
Current: 58.31

During the past 12 years, Shenzhen Original Advanced Compounds Co's highest Days Payable was 109.94. The lowest was 38.45. And the median was 56.93.

SHSE:603991's Days Payable is ranked worse than
52.79% of 1504 companies
in the Chemicals industry
Industry Median: 61.065 vs SHSE:603991: 58.31

Shenzhen Original Advanced Compounds Co's Days Payable increased from Mar. 2023 (76.72) to Mar. 2024 (128.78). It may suggest that Shenzhen Original Advanced Compounds Co delayed paying its suppliers.

Shenzhen Original Advanced Compounds Co Days Payable Historical Data

The historical data trend for Shenzhen Original Advanced Compounds 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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Shenzhen Original Advanced Compounds Co Days Payable Chart

Shenzhen Original Advanced Compounds Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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43.77

55.43

109.94

79.68

67.34

Shenzhen Original Advanced Compounds 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															76.72	37.57	58.37	53.14	128.78

Competitive Comparison of Shenzhen Original Advanced Compounds Co's Days Payable

For the Specialty Chemicals subindustry, Shenzhen Original Advanced Compounds 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.

Shenzhen Original Advanced Compounds Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shenzhen Original Advanced Compounds Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenzhen Original Advanced Compounds Co's Days Payable falls into.

Shenzhen Original Advanced Compounds 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.

Shenzhen Original Advanced Compounds 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
=	( (27.321	+	46.185)	/	2 )	/	199.2	*	365
=	36.753					/	199.2	*	365
=	67.34

Shenzhen Original Advanced Compounds 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
=	( (46.185	+	37.399)	/	2 )	/	29.612	*	365 / 4
=	41.792					/	29.612	*	365 / 4
=	128.78

Shenzhen Original Advanced Compounds Co Days Payable Related Terms

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Shenzhen Original Advanced Compounds Co (SHSE:603991) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenzhen Original Advanced Compounds Co Ltd (SHSE:603991) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 268, North Hengshahe Road, Xinzhuang Industrial Zone, Minhang District, Shanghai, CHN, 201108

Website

http://www.sh-original.com

Shenzhen Original Advanced Compounds Co Ltd engages in the manufacture and sale of special high polymer materials that are used in the production of wires and cables. Its products are widely used as insulation materials or outer sheath materials in the production of wire and cable and optical cable, mainly including 3G/4G RF cable and FTTX cable.

Shenzhen Original Advanced Compounds Co (SHSE:603991) Headlines

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