Ningbo Changhong Polymer Scientific & Technical (SHSE:605008) Days Payable : 40.62 (As of Sep. 2024)

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What is Ningbo Changhong Polymer Scientific & Technical Days Payable?

Ningbo Changhong Polymer Scientific & Technical's average Accounts Payable for the three months ended in Sep. 2024 was ¥385 Mil. Ningbo Changhong Polymer Scientific & Technical's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥865 Mil. Hence, Ningbo Changhong Polymer Scientific & Technical's Days Payable for the three months ended in Sep. 2024 was 40.62.

The historical rank and industry rank for Ningbo Changhong Polymer Scientific & Technical's Days Payable or its related term are showing as below:

SHSE:605008' s Days Payable Range Over the Past 10 Years
Min: 26.54 Med: 66.61 Max: 104.49
Current: 55.8

During the past 8 years, Ningbo Changhong Polymer Scientific & Technical's highest Days Payable was 104.49. The lowest was 26.54. And the median was 66.61.

SHSE:605008's Days Payable is ranked worse than
53.44% of 1510 companies
in the Chemicals industry
Industry Median: 59.245 vs SHSE:605008: 55.80

Ningbo Changhong Polymer Scientific & Technical's Days Payable declined from Sep. 2023 (86.98) to Sep. 2024 (40.62). It may suggest that Ningbo Changhong Polymer Scientific & Technical accelerated paying its suppliers.

Ningbo Changhong Polymer Scientific & Technical Days Payable Historical Data

The historical data trend for Ningbo Changhong Polymer Scientific & Technical'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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Ningbo Changhong Polymer Scientific & Technical Days Payable Chart

Ningbo Changhong Polymer Scientific & Technical Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

34.83

43.95

73.08

68.56

104.49

Ningbo Changhong Polymer Scientific & Technical Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															86.98	129.84	51.86	47.82	40.62

Competitive Comparison of Ningbo Changhong Polymer Scientific & Technical's Days Payable

For the Specialty Chemicals subindustry, Ningbo Changhong Polymer Scientific & Technical'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.

Ningbo Changhong Polymer Scientific & Technical's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ningbo Changhong Polymer Scientific & Technical's Days Payable distribution charts can be found below:

* The bar in red indicates where Ningbo Changhong Polymer Scientific & Technical's Days Payable falls into.

Ningbo Changhong Polymer Scientific & Technical 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.

Ningbo Changhong Polymer Scientific & Technical'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
=	( (304.988	+	415.208)	/	2 )	/	1257.826	*	365
=	360.098					/	1257.826	*	365
=	104.49

Ningbo Changhong Polymer Scientific & Technical's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (402.336	+	368.031)	/	2 )	/	865.272	*	365 / 4
=	385.1835					/	865.272	*	365 / 4
=	40.62

Ningbo Changhong Polymer Scientific & Technical Days Payable Related Terms

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Ningbo Changhong Polymer Scientific & Technical Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ningbo Changhong Polymer Scientific & Technical Inc (SHSE:605008) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 108, Qijiashan Gangkou Road, Beilun District, Zhejiang Province, Ningbo, CHN, 315803

Website

http://www.changhongpolymer.com

Ningbo Changhong Polymer Scientific & Technical Inc is engaged in production and sales of styrene-based thermoplastic elastomers (TPES). The company's products include Sstyrene-butadiene-styrene (SBS) and Styrene-ethylene-butylene-styrene (SEBS). Its products are used in many industrial fields such as shoes materials, asphalt modification, plastic modification, adhesive agent, medicine, health products, waterproofing materials, and construction materials, environmental-friendly plastic runway and bicycle tyre.

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