JiangSu Changling Hydraulic Co (SHSE:605389) Days Payable : 92.95 (As of Mar. 2024)

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What is JiangSu Changling Hydraulic Co Days Payable?

JiangSu Changling Hydraulic Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥166.6 Mil. JiangSu Changling Hydraulic Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥163.6 Mil. Hence, JiangSu Changling Hydraulic Co's Days Payable for the three months ended in Mar. 2024 was 92.95.

The historical rank and industry rank for JiangSu Changling Hydraulic Co's Days Payable or its related term are showing as below:

SHSE:605389' s Days Payable Range Over the Past 10 Years
Min: 84.79 Med: 102.34 Max: 148.33
Current: 85.39

During the past 8 years, JiangSu Changling Hydraulic Co's highest Days Payable was 148.33. The lowest was 84.79. And the median was 102.34.

SHSE:605389's Days Payable is ranked better than
55.49% of 2923 companies
in the Industrial Products industry
Industry Median: 76.67 vs SHSE:605389: 85.39

JiangSu Changling Hydraulic Co's Days Payable increased from Mar. 2023 (81.97) to Mar. 2024 (92.95). It may suggest that JiangSu Changling Hydraulic Co delayed paying its suppliers.

JiangSu Changling Hydraulic Co Days Payable Historical Data

The historical data trend for JiangSu Changling Hydraulic 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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JiangSu Changling Hydraulic Co Days Payable Chart

JiangSu Changling Hydraulic Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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113.22

133.90

148.33

97.26

96.45

JiangSu Changling Hydraulic Co Quarterly Data
	Dec17	Dec18	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															81.97	73.99	87.47	89.46	92.95

Competitive Comparison of JiangSu Changling Hydraulic Co's Days Payable

For the Tools & Accessories subindustry, JiangSu Changling Hydraulic 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.

JiangSu Changling Hydraulic Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, JiangSu Changling Hydraulic Co's Days Payable distribution charts can be found below:

* The bar in red indicates where JiangSu Changling Hydraulic Co's Days Payable falls into.

JiangSu Changling Hydraulic 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.

JiangSu Changling Hydraulic 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
=	( (135.372	+	187.712)	/	2 )	/	611.35	*	365
=	161.542					/	611.35	*	365
=	96.45

JiangSu Changling Hydraulic 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
=	( (187.712	+	145.585)	/	2 )	/	163.594	*	365 / 4
=	166.6485					/	163.594	*	365 / 4
=	92.95

JiangSu Changling Hydraulic Co Days Payable Related Terms

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JiangSu Changling Hydraulic Co (SHSE:605389) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JiangSu Changling Hydraulic Co Ltd (SHSE:605389) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

885 Yungu Road, Yunting Street, Jiangsu Province, Jiangyin, CHN, 214422

Website

http://www.changlingmach.cn

JiangSu Changling Hydraulic Co Ltd is engaged in the research and development, production, and sales of key hydraulic components for construction machinery. The main products are hydraulic central rotary joints for construction machinery and hydraulic crawler tensioners, hydraulic valves and others.

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