Maoming Petro-chemical Shihua Co (SZSE:000637) Days Payable : 20.91 (As of Sep. 2024)

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What is Maoming Petro-chemical Shihua Co Days Payable?

Maoming Petro-chemical Shihua Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥203 Mil. Maoming Petro-chemical Shihua Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥885 Mil. Hence, Maoming Petro-chemical Shihua Co's Days Payable for the three months ended in Sep. 2024 was 20.91.

The historical rank and industry rank for Maoming Petro-chemical Shihua Co's Days Payable or its related term are showing as below:

SZSE:000637' s Days Payable Range Over the Past 10 Years
Min: 5.79 Med: 9.34 Max: 23.34
Current: 23.34

During the past 13 years, Maoming Petro-chemical Shihua Co's highest Days Payable was 23.34. The lowest was 5.79. And the median was 9.34.

SZSE:000637's Days Payable is ranked worse than
87.17% of 1504 companies
in the Chemicals industry
Industry Median: 60.18 vs SZSE:000637: 23.34

Maoming Petro-chemical Shihua Co's Days Payable increased from Sep. 2023 (15.14) to Sep. 2024 (20.91). It may suggest that Maoming Petro-chemical Shihua Co delayed paying its suppliers.

Maoming Petro-chemical Shihua Co Days Payable Historical Data

The historical data trend for Maoming Petro-chemical Shihua 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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Maoming Petro-chemical Shihua Co Days Payable Chart

Maoming Petro-chemical Shihua Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

8.34

10.41

10.23

10.35

14.15

Maoming Petro-chemical Shihua 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															15.14	36.46	15.89	29.15	20.91

Competitive Comparison of Maoming Petro-chemical Shihua Co's Days Payable

For the Chemicals subindustry, Maoming Petro-chemical Shihua 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.

Maoming Petro-chemical Shihua Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Maoming Petro-chemical Shihua Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Maoming Petro-chemical Shihua Co's Days Payable falls into.

Maoming Petro-chemical Shihua 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.

Maoming Petro-chemical Shihua 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
=	( (156.065	+	179.376)	/	2 )	/	4327.133	*	365
=	167.7205					/	4327.133	*	365
=	14.15

Maoming Petro-chemical Shihua 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
=	( (199.509	+	205.982)	/	2 )	/	884.862	*	365 / 4
=	202.7455					/	884.862	*	365 / 4
=	20.91

Maoming Petro-chemical Shihua Co Days Payable Related Terms

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Maoming Petro-chemical Shihua Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Maoming Petro-chemical Shihua Co Ltd (SZSE:000637) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 162 Guandu Road, Guangdong Province, Maoming, CHN, 525000

Website

http://www.mhsh0637.com.cn

Maoming Petro-chemical Shihua Co Ltd is a China-based company engaged in the manufacture and sale of petrochemicals. The company's product profile includes polypropylene resin powder, Methyl tert-butyl ether, Ethanolamine, Industrial white oil, Plastic products, and others.

Executives

Fan Hong Yan	Director
Song Hu Tang	Executives
Zhu Yue Hua	Supervisors
Cao Guang Ming	Executives
Liu Xiao Yan	Supervisors
Liang Jie	Executives
Liu Yi Cong	Supervisors
Bai Jian Guang	Executives
Sun Jing Lei	Directors, executives
Chen Ning	Supervisors

Maoming Petro-chemical Shihua Co Headlines

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