Nanning Baling Technology Co (SZSE:002592) Days Payable : 183.06 (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Nanning Baling Technology Co Days Payable?

Nanning Baling Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥181.1 Mil. Nanning Baling Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥90.3 Mil. Hence, Nanning Baling Technology Co's Days Payable for the three months ended in Mar. 2024 was 183.06.

The historical rank and industry rank for Nanning Baling Technology Co's Days Payable or its related term are showing as below:

SZSE:002592' s Days Payable Range Over the Past 10 Years
Min: 102.2 Med: 163.44 Max: 266.1
Current: 164.44

During the past 13 years, Nanning Baling Technology Co's highest Days Payable was 266.10. The lowest was 102.20. And the median was 163.44.

SZSE:002592's Days Payable is ranked better than
80.45% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs SZSE:002592: 164.44

Nanning Baling Technology Co's Days Payable declined from Mar. 2023 (264.75) to Mar. 2024 (183.06). It may suggest that Nanning Baling Technology Co accelerated paying its suppliers.

Nanning Baling Technology Co Days Payable Historical Data

The historical data trend for Nanning Baling 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.

* Premium members only.

Nanning Baling Technology Co Days Payable Chart

Nanning Baling Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

186.56

266.10

218.13

209.61

178.60

Nanning Baling 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															264.75	250.03	172.02	114.80	183.06

Competitive Comparison of Nanning Baling Technology Co's Days Payable

For the Specialty Industrial Machinery subindustry, Nanning Baling 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.

Nanning Baling Technology Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nanning Baling Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Nanning Baling Technology Co's Days Payable falls into.

Nanning Baling 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.

Nanning Baling 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
=	( (219.566	+	190.241)	/	2 )	/	418.762	*	365
=	204.9035					/	418.762	*	365
=	178.60

Nanning Baling 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
=	( (190.241	+	171.969)	/	2 )	/	90.276	*	365 / 4
=	181.105					/	90.276	*	365 / 4
=	183.06

Nanning Baling Technology Co Days Payable Related Terms

Thank you for viewing the detailed overview of Nanning Baling Technology Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Nanning Baling Technology Co (SZSE:002592) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nanning Baling Technology Co Ltd (SZSE:002592) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1, Kede Road, Industrial Park, High-tech Zone, Guangxi Zhuang Autonomous Region, Nanning, CHN, 530003

Website

http://www.baling.com.cn

Nanning Baling Technology Co Ltd is a Chinese high-tech company engaged in the research and manufacturing of Copper and Aluminium tube-fin heat exchanger products. The company's products have application in the fields of automobile, engineering machinery, defense equipment and computer. The products offered by the company are sold in China and also exported to other countries. Its product portfolio comprises zigzag fin, double corrugated fin, passenger car air heater blower, medium bus radiator, and others.

Executives

Huang Zhi Qiang	Directors, executives
Huang Sheng Tian	Executives
Zhang Hui	Securities Affairs Representative
Gu Yu	Directors, executives
Cheng Qi Zhi	Director
Luo Qin	Directors, executives
Wei Yuan Hai	Supervisors
Liu Han Qiao	Supervisors
Yang Jing Yu	Executives
Huang Jin Ye	Supervisors

Nanning Baling Technology Co (SZSE:002592) Headlines

No Headlines