Shanghai Shunho New Materials Technology Co (SZSE:002565) Days Payable : 171.32 (As of Mar. 2024)

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What is Shanghai Shunho New Materials Technology Co Days Payable?

Shanghai Shunho New Materials Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥517 Mil. Shanghai Shunho New Materials Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥275 Mil. Hence, Shanghai Shunho New Materials Technology Co's Days Payable for the three months ended in Mar. 2024 was 171.32.

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

SZSE:002565' s Days Payable Range Over the Past 10 Years
Min: 120.58 Med: 136.58 Max: 172.09
Current: 149.05

During the past 13 years, Shanghai Shunho New Materials Technology Co's highest Days Payable was 172.09. The lowest was 120.58. And the median was 136.58.

SZSE:002565's Days Payable is ranked better than
91.8% of 366 companies
in the Packaging & Containers industry
Industry Median: 60.315 vs SZSE:002565: 149.05

Shanghai Shunho New Materials Technology Co's Days Payable declined from Mar. 2023 (191.90) to Mar. 2024 (171.32). It may suggest that Shanghai Shunho New Materials Technology Co accelerated paying its suppliers.

Shanghai Shunho New Materials Technology Co Days Payable Historical Data

The historical data trend for Shanghai Shunho New Materials Technology 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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Shanghai Shunho New Materials Technology Co Days Payable Chart

Shanghai Shunho New Materials Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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124.84

120.58

126.19

153.06

172.09

Shanghai Shunho New Materials Technology 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															191.90	176.70	117.30	147.44	171.32

Competitive Comparison of Shanghai Shunho New Materials Technology Co's Days Payable

For the Packaging & Containers subindustry, Shanghai Shunho New Materials Technology 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.

Shanghai Shunho New Materials Technology Co's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Shanghai Shunho New Materials Technology Co's Days Payable distribution charts can be found below:

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

Shanghai Shunho New Materials Technology 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.

Shanghai Shunho New Materials Technology 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
=	( (487.471	+	532.122)	/	2 )	/	1081.289	*	365
=	509.7965					/	1081.289	*	365
=	172.09

Shanghai Shunho New Materials Technology 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
=	( (532.122	+	501.766)	/	2 )	/	275.341	*	365 / 4
=	516.944					/	275.341	*	365 / 4
=	171.32

Shanghai Shunho New Materials Technology Co Days Payable Related Terms

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Shanghai Shunho New Materials Technology Co (SZSE:002565) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Shanghai Shunho New Materials Technology Co Ltd (SZSE:002565) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 200 Chenzhen Road, Putuo district, Shanghai, CHN

Website

http://www.shunhaostock.com

Shanghai Shunho New Materials Technology Co Ltd is engaged in development, manufacturing and sales of environmental packaging materials. The product categories offered by the company includes TransMet, New Materials, Printing Equipment, and Electronic Cigarette.

Executives

Zhou Yin Jue	Supervisors
Yuan Chen	Executives
Chen Jie Min	Securities Affairs Representative
Guo Zhu	Directors, executives
Zhang Xiao Dong	Directors, executives
Cheng Yong Qing	Supervisors
Lv Zhong Ze	Executives
Ning Yu Jie	Directors, executives
Dai Mao Bin	Executives
Shi Lin	Director

Shanghai Shunho New Materials Technology Co (SZSE:002565) Headlines

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