Xiangtan Electrochemical Scientific Co (SZSE:002125) Days Payable : 119.11 (As of Mar. 2024)

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What is Xiangtan Electrochemical Scientific Co Days Payable?

Xiangtan Electrochemical Scientific Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥332 Mil. Xiangtan Electrochemical Scientific Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥254 Mil. Hence, Xiangtan Electrochemical Scientific Co's Days Payable for the three months ended in Mar. 2024 was 119.11.

The historical rank and industry rank for Xiangtan Electrochemical Scientific Co's Days Payable or its related term are showing as below:

SZSE:002125' s Days Payable Range Over the Past 10 Years
Min: 104.49 Med: 232.27 Max: 382.52
Current: 104.49

During the past 13 years, Xiangtan Electrochemical Scientific Co's highest Days Payable was 382.52. The lowest was 104.49. And the median was 232.27.

SZSE:002125's Days Payable is ranked better than
77.69% of 1506 companies
in the Chemicals industry
Industry Median: 61.065 vs SZSE:002125: 104.49

Xiangtan Electrochemical Scientific Co's Days Payable declined from Mar. 2023 (156.92) to Mar. 2024 (119.11). It may suggest that Xiangtan Electrochemical Scientific Co accelerated paying its suppliers.

Xiangtan Electrochemical Scientific Co Days Payable Historical Data

The historical data trend for Xiangtan Electrochemical Scientific 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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Xiangtan Electrochemical Scientific Co Days Payable Chart

Xiangtan Electrochemical Scientific Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

244.62

192.52

115.03

158.64

122.13

Xiangtan Electrochemical Scientific Co Quarterly Data
	Jun19	Sep19	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															156.92	115.76	111.72	84.81	119.11

Competitive Comparison of Xiangtan Electrochemical Scientific Co's Days Payable

For the Chemicals subindustry, Xiangtan Electrochemical Scientific 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.

Xiangtan Electrochemical Scientific Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Xiangtan Electrochemical Scientific Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Xiangtan Electrochemical Scientific Co's Days Payable falls into.

Xiangtan Electrochemical Scientific 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.

Xiangtan Electrochemical Scientific 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
=	( (770.189	+	365.563)	/	2 )	/	1697.112	*	365
=	567.876					/	1697.112	*	365
=	122.13

Xiangtan Electrochemical Scientific 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
=	( (365.563	+	298.251)	/	2 )	/	254.274	*	365 / 4
=	331.907					/	254.274	*	365 / 4
=	119.11

Xiangtan Electrochemical Scientific Co Days Payable Related Terms

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Xiangtan Electrochemical Scientific Co (SZSE:002125) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Xiangtan Electrochemical Scientific Co Ltd (SZSE:002125) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Heling Town, Yuhu District, Hunan Province, Xiangtan, CHN, 411131

Website

http://www.chinaemd.com

Xiangtan Electrochemical Scientific Co Ltd is engaged in research, development, production, and sales of manganese dioxide, electrolytic metal manganese, battery materials and other new energy materials. The company is also engaged in production and sales of steam, use of waste heat and pressure of steam to generate electricity; metal materials, lubricants, Sales of petroleum asphalt, chemical products, and building materials.

Executives

Wang Jiong	Supervisors
Ding Jian Qi	Director
Tan Xin Qiao	Directors, executives
Zhou Mi Qun	Supervisors
Zhou Jian	Supervisors

Xiangtan Electrochemical Scientific Co (SZSE:002125) Headlines

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