Chongqing Changjiang River Moulding Material (Group) Co (SZSE:001296) Days Payable : 66.76 (As of Sep. 2024)

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What is Chongqing Changjiang River Moulding Material (Group) Co Days Payable?

Chongqing Changjiang River Moulding Material (Group) Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥141 Mil. Chongqing Changjiang River Moulding Material (Group) Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥192 Mil. Hence, Chongqing Changjiang River Moulding Material (Group) Co's Days Payable for the three months ended in Sep. 2024 was 66.76.

The historical rank and industry rank for Chongqing Changjiang River Moulding Material (Group) Co's Days Payable or its related term are showing as below:

SZSE:001296' s Days Payable Range Over the Past 10 Years
Min: 63.19 Med: 90.58 Max: 115.49
Current: 63.19

During the past 10 years, Chongqing Changjiang River Moulding Material (Group) Co's highest Days Payable was 115.49. The lowest was 63.19. And the median was 90.58.

SZSE:001296's Days Payable is ranked worse than
59.06% of 2943 companies
in the Industrial Products industry
Industry Median: 76.37 vs SZSE:001296: 63.19

Chongqing Changjiang River Moulding Material (Group) Co's Days Payable declined from Sep. 2023 (89.11) to Sep. 2024 (66.76). It may suggest that Chongqing Changjiang River Moulding Material (Group) Co accelerated paying its suppliers.

Chongqing Changjiang River Moulding Material (Group) Co Days Payable Historical Data

The historical data trend for Chongqing Changjiang River Moulding Material (Group) 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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Chongqing Changjiang River Moulding Material (Group) Co Days Payable Chart

Chongqing Changjiang River Moulding Material (Group) Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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87.86

106.57

87.19

82.63

78.83

Chongqing Changjiang River Moulding Material (Group) Co Quarterly Data
	Jun17	Dec18	Dec19	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															89.11	45.87	90.19	67.18	66.76

Competitive Comparison of Chongqing Changjiang River Moulding Material (Group) Co's Days Payable

For the Metal Fabrication subindustry, Chongqing Changjiang River Moulding Material (Group) 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.

Chongqing Changjiang River Moulding Material (Group) Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chongqing Changjiang River Moulding Material (Group) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Chongqing Changjiang River Moulding Material (Group) Co's Days Payable falls into.

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Chongqing Changjiang River Moulding Material (Group) 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.

Chongqing Changjiang River Moulding Material (Group) 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
=	( (186.872	+	139.222)	/	2 )	/	754.975	*	365
=	163.047					/	754.975	*	365
=	78.83

Chongqing Changjiang River Moulding Material (Group) 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
=	( (150.396	+	130.95)	/	2 )	/	192.274	*	365 / 4
=	140.673					/	192.274	*	365 / 4
=	66.76

Chongqing Changjiang River Moulding Material (Group) Co Days Payable Related Terms

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Chongqing Changjiang River Moulding Material (Group) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chongqing Changjiang River Moulding Material (Group) Co Ltd (SZSE:001296) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 6, Wuxing Middle Road, Tongjiaxi Town, Beibei District, Chongqing, CHN, 400709

Website

http://www.ccrmm.com.cn

Chongqing Changjiang River Moulding Material (Group) Co Ltd specializes in making resin coated sand, reclaiming used foundry sand, producing auxiliary materials for foundry industry, making sand cores for foundries, and manufacturing proppant for oil and gas industry.

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