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Jiangsu Favored Nanotechnology Co (SHSE:688371) Days Payable : 122.10 (As of Sep. 2024)


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What is Jiangsu Favored Nanotechnology Co Days Payable?

Jiangsu Favored Nanotechnology Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥85.5 Mil. Jiangsu Favored Nanotechnology Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥63.9 Mil. Hence, Jiangsu Favored Nanotechnology Co's Days Payable for the three months ended in Sep. 2024 was 122.10.

The historical rank and industry rank for Jiangsu Favored Nanotechnology Co's Days Payable or its related term are showing as below:

SHSE:688371' s Days Payable Range Over the Past 10 Years
Min: 46.09   Med: 99.53   Max: 157.57
Current: 129.73

During the past 6 years, Jiangsu Favored Nanotechnology Co's highest Days Payable was 157.57. The lowest was 46.09. And the median was 99.53.

SHSE:688371's Days Payable is ranked better than
85.24% of 1504 companies
in the Chemicals industry
Industry Median: 60.18 vs SHSE:688371: 129.73

Jiangsu Favored Nanotechnology Co's Days Payable increased from Sep. 2023 (56.07) to Sep. 2024 (122.10). It may suggest that Jiangsu Favored Nanotechnology Co delayed paying its suppliers.


Jiangsu Favored Nanotechnology Co Days Payable Historical Data

The historical data trend for Jiangsu Favored Nanotechnology 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 Favored Nanotechnology Co Days Payable Chart

Jiangsu Favored Nanotechnology Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial 52.48 - 99.53 133.25 157.57

Jiangsu Favored Nanotechnology Co Quarterly Data
Dec18 Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56.07 139.25 179.69 111.89 122.10

Competitive Comparison of Jiangsu Favored Nanotechnology Co's Days Payable

For the Specialty Chemicals subindustry, Jiangsu Favored Nanotechnology 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 Favored Nanotechnology Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangsu Favored Nanotechnology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangsu Favored Nanotechnology Co's Days Payable falls into.



Jiangsu Favored Nanotechnology 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 Favored Nanotechnology 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
=( (40.774 + 98.837) / 2 ) / 161.703*365
=69.8055 / 161.703*365
=157.57

Jiangsu Favored Nanotechnology Co'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
=( (79.169 + 91.872) / 2 ) / 63.913*365 / 4
=85.5205 / 63.913*365 / 4
=122.10

* 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.


Jiangsu Favored Nanotechnology Co Days Payable Related Terms

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Jiangsu Favored Nanotechnology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 182, East Ring Road, Yuqi Supporting Area, Huishan Economic Development Zone, Jiangsu Province, Wuxi, CHN, 214183
Jiangsu Favored Nanotechnology Co Ltd is engaged in the development and preparation of high-performance, multifunctional nanofilms.

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