Anhui Shenjian New Materials Co (SZSE:002361) Days Payable : 159.50 (As of Mar. 2024)

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What is Anhui Shenjian New Materials Co Days Payable?

Anhui Shenjian New Materials Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥775 Mil. Anhui Shenjian New Materials Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥443 Mil. Hence, Anhui Shenjian New Materials Co's Days Payable for the three months ended in Mar. 2024 was 159.50.

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

SZSE:002361' s Days Payable Range Over the Past 10 Years
Min: 94.09 Med: 119.94 Max: 139.42
Current: 106.46

During the past 13 years, Anhui Shenjian New Materials Co's highest Days Payable was 139.42. The lowest was 94.09. And the median was 119.94.

SZSE:002361's Days Payable is ranked better than
78.61% of 1501 companies
in the Chemicals industry
Industry Median: 60.48 vs SZSE:002361: 106.46

Anhui Shenjian New Materials Co's Days Payable increased from Mar. 2023 (105.17) to Mar. 2024 (159.50). It may suggest that Anhui Shenjian New Materials Co delayed paying its suppliers.

Anhui Shenjian New Materials Co Days Payable Historical Data

The historical data trend for Anhui Shenjian 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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Anhui Shenjian New Materials Co Days Payable Chart

Anhui Shenjian New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

136.97

139.42

97.69

97.48

109.20

Anhui Shenjian 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															105.17	89.72	84.23	101.96	159.50

Competitive Comparison of Anhui Shenjian New Materials Co's Days Payable

For the Specialty Chemicals subindustry, Anhui Shenjian 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.

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

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

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

Anhui Shenjian 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.

Anhui Shenjian 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
=	( (560.573	+	785.06)	/	2 )	/	2248.969	*	365
=	672.8165					/	2248.969	*	365
=	109.20

Anhui Shenjian 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
=	( (785.06	+	765.029)	/	2 )	/	443.409	*	365 / 4
=	775.0445					/	443.409	*	365 / 4
=	159.50

Anhui Shenjian New Materials Co Days Payable Related Terms

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Anhui Shenjian New Materials Co (SZSE:002361) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Anhui Shenjian New Materials Co Ltd (SZSE:002361) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Baoshun Road, Qiaobei Industrial Park, Wuhu Economic and Technological Development Zone, Anhui Province, Wuhu, CHN, 241008

Website

http://www.shen-jian.com

Anhui Shenjian New Materials Co Ltd is a China-based company engaged in producing and selling polyester resin series products for powder coatings in the field of new chemical materials. The products of the company include mixed terminal carboxyl polyester, outdoor type carboxylated polyester and PU curable resins. The company sells its products in China and other international countries.

Executives

Liu Zhi Jian	Directors, executives
Li Bao Cai	Directors, Directors, and Executives
Lu Guo Ping	Independent director
Chen Shou Wu	Director
Wu De Qing	Supervisors
Lu Guo Ping	Independent director
Wang Xue Liang	Directors, executives
Wang Min Xue	Directors, Directors, and Executives
Jia Tu Gang	Supervisors

Anhui Shenjian New Materials Co (SZSE:002361) Headlines

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