Jiangsu Lianfa Textile Co (SZSE:002394) Days Payable : 29.58 (As of Mar. 2025)

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What is Jiangsu Lianfa Textile Co Days Payable?

Jiangsu Lianfa Textile Co's average Accounts Payable for the three months ended in Mar. 2025 was ¥279 Mil. Jiangsu Lianfa Textile Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥861 Mil. Hence, Jiangsu Lianfa Textile Co's Days Payable for the three months ended in Mar. 2025 was 29.58.

The historical rank and industry rank for Jiangsu Lianfa Textile Co's Days Payable or its related term are showing as below:

SZSE:002394' s Days Payable Range Over the Past 10 Years
Min: 26.28 Med: 32.72 Max: 43.21
Current: 31.59

During the past 13 years, Jiangsu Lianfa Textile Co's highest Days Payable was 43.21. The lowest was 26.28. And the median was 32.72.

SZSE:002394's Days Payable is ranked worse than
72.01% of 1011 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.84 vs SZSE:002394: 31.59

Jiangsu Lianfa Textile Co's Days Payable increased from Mar. 2024 (27.17) to Mar. 2025 (29.58). It may suggest that Jiangsu Lianfa Textile Co delayed paying its suppliers.

Jiangsu Lianfa Textile Co Days Payable Historical Data

The historical data trend for Jiangsu Lianfa Textile 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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Jiangsu Lianfa Textile Co Days Payable Chart

Jiangsu Lianfa Textile Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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34.84

29.88

30.19

32.25

31.25

Jiangsu Lianfa Textile Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Days Payable	Get a 7-Day Free Trial															27.17	26.16	25.65	60.05	29.58

Competitive Comparison of Jiangsu Lianfa Textile Co's Days Payable

For the Textile Manufacturing subindustry, Jiangsu Lianfa Textile 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.

Jiangsu Lianfa Textile Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Jiangsu Lianfa Textile Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangsu Lianfa Textile Co's Days Payable falls into.

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Jiangsu Lianfa Textile 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.

Jiangsu Lianfa Textile Co's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (327.947	+	264.997)	/	2 )	/	3463.087	*	365
=	296.472					/	3463.087	*	365
=	31.25

Jiangsu Lianfa Textile Co's Days Payable for the quarter that ended in Mar. 2025 is calculated as:

	Days Payable (Q: Mar. 2025 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2024 )	+	Accounts Payable (Q: Mar. 2025 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
=	( (264.997	+	293.2)	/	2 )	/	861.123	*	365 / 4
=	279.0985					/	861.123	*	365 / 4
=	29.58

Jiangsu Lianfa Textile Co Days Payable Related Terms

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Jiangsu Lianfa Textile Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Jiangsu Lianfa Textile Co Ltd (SZSE:002394) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.88 Henglian Road, Hai’an Town, Jiangsu Province, Nantong, CHN

Website

http://www.lianfa.cn

Jiangsu Lianfa Textile Co Ltd is a China-based company. It is engaged in the manufacture and sales of yarn-dyed fabrics, clothing, and textiles. The company's main products include yarns, yarn-dyed fabrics, shirts, and printing and dyeing fabrics.

Executives

Kong Ling Guo	Director
Jiang Bo	Directors, executives
Xue Qing Long	Director
Yu Yong Jun	Directors, executives
Li Xin He	Independent director

Jiangsu Lianfa Textile Co Headlines

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