Xinlun New Materials Co (SZSE:002341) Days Payable : 438.25 (As of Mar. 2024)

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What is Xinlun New Materials Co Days Payable?

Xinlun New Materials Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥383.8 Mil. Xinlun New Materials Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥79.9 Mil. Hence, Xinlun New Materials Co's Days Payable for the three months ended in Mar. 2024 was 438.25.

The historical rank and industry rank for Xinlun New Materials Co's Days Payable or its related term are showing as below:

SZSE:002341' s Days Payable Range Over the Past 10 Years
Min: 128.21 Med: 156.22 Max: 272.2
Current: 272.2

During the past 13 years, Xinlun New Materials Co's highest Days Payable was 272.20. The lowest was 128.21. And the median was 156.22.

SZSE:002341's Days Payable is ranked better than
97.14% of 1504 companies
in the Chemicals industry
Industry Median: 61.065 vs SZSE:002341: 272.20

Xinlun New Materials Co's Days Payable increased from Mar. 2023 (260.25) to Mar. 2024 (438.25). It may suggest that Xinlun New Materials Co delayed paying its suppliers.

Xinlun New Materials Co Days Payable Historical Data

The historical data trend for Xinlun New Materials 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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Xinlun New Materials Co Days Payable Chart

Xinlun New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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145.12

143.31

137.19

163.49

240.52

Xinlun New Materials 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															260.25	256.03	239.31	233.14	438.25

Competitive Comparison of Xinlun New Materials Co's Days Payable

For the Specialty Chemicals subindustry, Xinlun New Materials 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.

Xinlun New Materials Co's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Xinlun New Materials Co's Days Payable falls into.

Xinlun New Materials 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.

Xinlun New Materials 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
=	( (399.665	+	372.075)	/	2 )	/	585.57	*	365
=	385.87					/	585.57	*	365
=	240.52

Xinlun New Materials 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
=	( (372.075	+	395.583)	/	2 )	/	79.918	*	365 / 4
=	383.829					/	79.918	*	365 / 4
=	438.25

Xinlun New Materials Co Days Payable Related Terms

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Xinlun New Materials Co (SZSE:002341) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Xinlun New Materials Co Ltd (SZSE:002341) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 24 Futian Road, Futian Street, 32nd Floor, Coastal Huanqing Building, Weizhen Community, Futian District, Guangdong Province, Shenzhen, CHN, 518052

Website

http://www.szselen.com

Xinlun New Materials Co Ltd engages in the research, development, manufacture, and sale of new materials. It offers double-sided tapes, optical tapes, protective films, functional tapes, TAC products, graphite sheets, aluminum-plastic composite films. The company also provides electronic/pharmaceutical/food industry clean-room engineering design, construction, and maintenance integrated solution; ultra clean products research, production, and sales integration services.

Executives

Li Jing Bin	Directors, executives
Liao Yao	Directors, executives
Shi Dong Yi Yuan	Directors, executives
Li Hong Liang	Executives
Li Hong Liu	Directors, Directors, and Executives
Yang Dong	Executives
Chen De Sheng	Executives
Wang Feng De	Directors, executives
Ruan Zheng	Securities Affairs Representative
Fu Bo	Directors, executives
Hou Yi	Director
Hou Hai Feng	Executives
Hou Fei	Supervisors
Zhang Yuan	Director
Zhang Qiang	Director

Xinlun New Materials Co (SZSE:002341) Headlines

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