Xinjiang Daqo New Energy Co (SHSE:688303) Days Payable : 21.07 (As of Mar. 2024)

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What is Xinjiang Daqo New Energy Co Days Payable?

Xinjiang Daqo New Energy Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥573 Mil. Xinjiang Daqo New Energy Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,483 Mil. Hence, Xinjiang Daqo New Energy Co's Days Payable for the three months ended in Mar. 2024 was 21.07.

The historical rank and industry rank for Xinjiang Daqo New Energy Co's Days Payable or its related term are showing as below:

SHSE:688303' s Days Payable Range Over the Past 10 Years
Min: 22.81 Med: 104.94 Max: 126.16
Current: 22.81

During the past 7 years, Xinjiang Daqo New Energy Co's highest Days Payable was 126.16. The lowest was 22.81. And the median was 104.94.

SHSE:688303's Days Payable is ranked worse than
93.26% of 2922 companies
in the Industrial Products industry
Industry Median: 76.705 vs SHSE:688303: 22.81

Xinjiang Daqo New Energy Co's Days Payable declined from Mar. 2023 (56.19) to Mar. 2024 (21.07). It may suggest that Xinjiang Daqo New Energy Co accelerated paying its suppliers.

Xinjiang Daqo New Energy Co Days Payable Historical Data

The historical data trend for Xinjiang Daqo New Energy 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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Xinjiang Daqo New Energy Co Days Payable Chart

Xinjiang Daqo New Energy Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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126.16

92.56

104.94

57.09

30.85

Xinjiang Daqo New Energy 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															56.19	26.58	23.71	23.03	21.07

Competitive Comparison of Xinjiang Daqo New Energy Co's Days Payable

For the Specialty Industrial Machinery subindustry, Xinjiang Daqo New Energy 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.

Xinjiang Daqo New Energy Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Xinjiang Daqo New Energy Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Xinjiang Daqo New Energy Co's Days Payable falls into.

Xinjiang Daqo New Energy 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.

Xinjiang Daqo New Energy 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
=	( (985.557	+	661.302)	/	2 )	/	9740.993	*	365
=	823.4295					/	9740.993	*	365
=	30.85

Xinjiang Daqo New Energy 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
=	( (661.302	+	485.666)	/	2 )	/	2483.277	*	365 / 4
=	573.484					/	2483.277	*	365 / 4
=	21.07

Xinjiang Daqo New Energy Co Days Payable Related Terms

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Xinjiang Daqo New Energy Co (SHSE:688303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xinjiang Daqo New Energy Co Ltd (SHSE:688303) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 16, Weiliu Road, New Chemical Material Industrial Park, Shihezi Economic Development Zone, Uygur Autonomous Region, Xinjiang, CHN, 832000

Website

http://www.xjdqsolar.com

Xinjiang Daqo New Energy Co Ltd research and development, manufacturing, and sales of high-purity polysilicon.

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