Shanghai Material Trading Co (SHSE:900927) Days Payable : 48.26 (As of Sep. 2024)

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What is Shanghai Material Trading Co Days Payable?

Shanghai Material Trading Co's average Accounts Payable for the three months ended in Sep. 2024 was $131.4 Mil. Shanghai Material Trading Co's Cost of Goods Sold for the three months ended in Sep. 2024 was $248.6 Mil. Hence, Shanghai Material Trading Co's Days Payable for the three months ended in Sep. 2024 was 48.26.

The historical rank and industry rank for Shanghai Material Trading Co's Days Payable or its related term are showing as below:

SHSE:900927' s Days Payable Range Over the Past 10 Years
Min: 7.41 Med: 33.67 Max: 78.48
Current: 77.3

During the past 13 years, Shanghai Material Trading Co's highest Days Payable was 78.48. The lowest was 7.41. And the median was 33.67.

SHSE:900927's Days Payable is ranked better than
65.04% of 492 companies
in the Conglomerates industry
Industry Median: 57.07 vs SHSE:900927: 77.30

Shanghai Material Trading Co's Days Payable declined from Sep. 2023 (75.80) to Sep. 2024 (48.26). It may suggest that Shanghai Material Trading Co accelerated paying its suppliers.

Shanghai Material Trading Co Days Payable Historical Data

The historical data trend for Shanghai Material Trading 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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Shanghai Material Trading Co Days Payable Chart

Shanghai Material Trading Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

25.28

30.84

35.14

79.68

76.87

Shanghai Material Trading Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															75.80	69.06	173.93	75.95	48.26

Competitive Comparison of Shanghai Material Trading Co's Days Payable

For the Conglomerates subindustry, Shanghai Material Trading 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.

Shanghai Material Trading Co's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Shanghai Material Trading Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai Material Trading Co's Days Payable falls into.

Shanghai Material Trading 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.

Shanghai Material Trading 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
=	( (243.98	+	198.881)	/	2 )	/	1051.406	*	365
=	221.4305					/	1051.406	*	365
=	76.87

Shanghai Material Trading 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
=	( (152.889	+	110.001)	/	2 )	/	248.552	*	365 / 4
=	131.445					/	248.552	*	365 / 4
=	48.26

Shanghai Material Trading Co Days Payable Related Terms

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Shanghai Material Trading Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Shanghai Material Trading Co Ltd (SHSE:900927) » Definitions » Days Payable

Traded in Other Exchanges

600822:China

Address

No. 325 South Suzhou Road, 4th Floor, Shanghai, Shanghai, CHN, 200002

Website

http://www.600822sh.com

Shanghai Material Trading Co Ltd is principally engaged in the trading of metal, oil products and automobiles. The company operates its businesses in domestic and overseas markets. Its scopr of business include metal materials, mineral products, light chemical raw materials, building materials, wood, automobiles and accessories, mechanical and electrical equipment, fuel, hardware and electricity, textile Import and export trade business; warehousing, information consulting and technical services.

Shanghai Material Trading Co Headlines

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