Suzhou Shihua New Material Technology Co (SHSE:688093) Days Payable : 84.31 (As of Mar. 2025)

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What is Suzhou Shihua New Material Technology Co Days Payable?

Suzhou Shihua New Material Technology Co's average Accounts Payable for the three months ended in Mar. 2025 was ¥112.0 Mil. Suzhou Shihua New Material Technology Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥121.2 Mil. Hence, Suzhou Shihua New Material Technology Co's Days Payable for the three months ended in Mar. 2025 was 84.31.

The historical rank and industry rank for Suzhou Shihua New Material Technology Co's Days Payable or its related term are showing as below:

SHSE:688093' s Days Payable Range Over the Past 10 Years
Min: 64.64 Med: 143.83 Max: 196.43
Current: 95.63

During the past 8 years, Suzhou Shihua New Material Technology Co's highest Days Payable was 196.43. The lowest was 64.64. And the median was 143.83.

SHSE:688093's Days Payable is ranked better than
74.49% of 1509 companies
in the Chemicals industry
Industry Median: 58.33 vs SHSE:688093: 95.63

Suzhou Shihua New Material Technology Co's Days Payable declined from Mar. 2024 (205.75) to Mar. 2025 (84.31). It may suggest that Suzhou Shihua New Material Technology Co accelerated paying its suppliers.

Suzhou Shihua New Material Technology Co Days Payable Historical Data

The historical data trend for Suzhou Shihua New Material Technology 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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Suzhou Shihua New Material Technology Co Days Payable Chart

Suzhou Shihua New Material Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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196.43

133.72

90.51

174.26

153.94

Suzhou Shihua New Material Technology Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Days Payable	Get a 7-Day Free Trial															205.75	124.09	82.35	104.14	84.31

Competitive Comparison of Suzhou Shihua New Material Technology Co's Days Payable

For the Specialty Chemicals subindustry, Suzhou Shihua New Material Technology 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.

Suzhou Shihua New Material Technology Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Suzhou Shihua New Material Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Suzhou Shihua New Material Technology Co's Days Payable falls into.

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Suzhou Shihua New Material Technology 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.

Suzhou Shihua New Material Technology Co's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (168.161	+	125.392)	/	2 )	/	348.018	*	365
=	146.7765					/	348.018	*	365
=	153.94

Suzhou Shihua New Material Technology Co's Days Payable for the quarter that ended in Mar. 2025 is calculated as:

	Days Payable (Q: Mar. 2025 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2024 )	+	Accounts Payable (Q: Mar. 2025 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
=	( (125.392	+	98.528)	/	2 )	/	121.171	*	365 / 4
=	111.96					/	121.171	*	365 / 4
=	84.31

Suzhou Shihua New Material Technology Co Days Payable Related Terms

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Suzhou Shihua New Material Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Suzhou Shihua New Material Technology Co Ltd (SHSE:688093) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 168, Daguang Road, Wujiang Economic and Technological Development Zone, Jiangsu Province, Suzhou, CHN, 215200

Website

http://www.szshihua.com.cn

Suzhou Shihua New Material Technology Co Ltd is engaged in design, development, and manufacturing of functional materials. The copany's products are categorized under Precision Process Material, Multiple Function Material, and Display Module Material. Its products are widely used in consumer electronics, smart wearable devices, new energy vehicles, medical electronics, and other fields, providing customers with a complete application solution.

Executives

Gao Jun

senior management

Suzhou Shihua New Material Technology Co Headlines

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