Shandong Intco Recycling Resources Co (SHSE:688087) Days Payable : 51.73 (As of Mar. 2024)

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What is Shandong Intco Recycling Resources Co Days Payable?

Shandong Intco Recycling Resources Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥264 Mil. Shandong Intco Recycling Resources Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥465 Mil. Hence, Shandong Intco Recycling Resources Co's Days Payable for the three months ended in Mar. 2024 was 51.73.

The historical rank and industry rank for Shandong Intco Recycling Resources Co's Days Payable or its related term are showing as below:

SHSE:688087' s Days Payable Range Over the Past 10 Years
Min: 43.43 Med: 45.76 Max: 62
Current: 46.69

During the past 7 years, Shandong Intco Recycling Resources Co's highest Days Payable was 62.00. The lowest was 43.43. And the median was 45.76.

SHSE:688087's Days Payable is ranked worse than
65.18% of 224 companies
in the Waste Management industry
Industry Median: 71.425 vs SHSE:688087: 46.69

Shandong Intco Recycling Resources Co's Days Payable increased from Mar. 2023 (46.94) to Mar. 2024 (51.73). It may suggest that Shandong Intco Recycling Resources Co delayed paying its suppliers.

Shandong Intco Recycling Resources Co Days Payable Historical Data

The historical data trend for Shandong Intco Recycling Resources 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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Shandong Intco Recycling Resources Co Days Payable Chart

Shandong Intco Recycling Resources Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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44.08

43.43

45.85

45.66

Shandong Intco Recycling Resources Co Quarterly Data
	Dec18	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															46.94	45.21	44.01	46.55	51.73

Competitive Comparison of Shandong Intco Recycling Resources Co's Days Payable

For the Waste Management subindustry, Shandong Intco Recycling Resources 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.

Shandong Intco Recycling Resources Co's Days Payable Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Shandong Intco Recycling Resources Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong Intco Recycling Resources Co's Days Payable falls into.

Shandong Intco Recycling Resources 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.

Shandong Intco Recycling Resources 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
=	( (211.56	+	244.912)	/	2 )	/	1824.373	*	365
=	228.236					/	1824.373	*	365
=	45.66

Shandong Intco Recycling Resources 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
=	( (244.912	+	282.536)	/	2 )	/	465.194	*	365 / 4
=	263.724					/	465.194	*	365 / 4
=	51.73

Shandong Intco Recycling Resources Co Days Payable Related Terms

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Shandong Intco Recycling Resources Co (SHSE:688087) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Shandong Intco Recycling Resources Co Ltd (SHSE:688087) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qingtian Road, Qilu Chemical Industrial Park, Linzi District, Shandong Province, Zibo, CHN, 255414

Website

http://www.intco.com.cn

Shandong Intco Recycling Resources Co Ltd is an innovative plastic recycling and recycling company. It is mainly engaged in the recycling and utilization of renewable plastics.

Shandong Intco Recycling Resources Co (SHSE:688087) Headlines

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