Suzhou Yangtze New Materials Co (SZSE:002652) Days Payable : 15.30 (As of Mar. 2024)

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What is Suzhou Yangtze New Materials Co Days Payable?

Suzhou Yangtze New Materials Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥13.5 Mil. Suzhou Yangtze New Materials Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥80.4 Mil. Hence, Suzhou Yangtze New Materials Co's Days Payable for the three months ended in Mar. 2024 was 15.30.

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

SZSE:002652' s Days Payable Range Over the Past 10 Years
Min: 10.61 Med: 108.52 Max: 174.81
Current: 12.46

During the past 13 years, Suzhou Yangtze New Materials Co's highest Days Payable was 174.81. The lowest was 10.61. And the median was 108.52.

SZSE:002652's Days Payable is ranked worse than
87.88% of 586 companies
in the Steel industry
Industry Median: 41.43 vs SZSE:002652: 12.46

Suzhou Yangtze New Materials Co's Days Payable increased from Mar. 2023 (12.73) to Mar. 2024 (15.30). It may suggest that Suzhou Yangtze New Materials Co delayed paying its suppliers.

Suzhou Yangtze New Materials Co Days Payable Historical Data

The historical data trend for Suzhou Yangtze 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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Suzhou Yangtze New Materials Co Days Payable Chart

Suzhou Yangtze New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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144.70

174.81

126.03

10.61

12.72

Suzhou Yangtze 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															12.73	10.68	11.35	13.39	15.30

Competitive Comparison of Suzhou Yangtze New Materials Co's Days Payable

For the Steel subindustry, Suzhou Yangtze 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.

Suzhou Yangtze New Materials Co's Days Payable Distribution in the Steel Industry

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

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

Suzhou Yangtze 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.

Suzhou Yangtze 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
=	( (13.591	+	14.546)	/	2 )	/	403.754	*	365
=	14.0685					/	403.754	*	365
=	12.72

Suzhou Yangtze 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
=	( (14.546	+	12.399)	/	2 )	/	80.362	*	365 / 4
=	13.4725					/	80.362	*	365 / 4
=	15.30

Suzhou Yangtze New Materials Co Days Payable Related Terms

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Suzhou Yangtze New Materials Co (SZSE:002652) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Suzhou Yangtze New Materials Co Ltd (SZSE:002652) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.218, danfeng road, Suzhou, CHN, 215000

Website

http://www.yzjnm.com/cn

Suzhou Yangtze New Materials Co Ltd is engaged in the manufacturing and distribution of steel coils. Its product portfolio comprises cold rolled steel coil and sheet, hot dipped galvanized steel coil and sheet, pre-painted galvanized steel coil, and anti-static organic color coated steel sheet. The steel coils are mainly used in food processing, hospital, PV manufacturing, electronic and other industries.

Executives

Jin Yue Guo	Directors, executives
Xu Xiao Nan	Executives
Wang Meng Bing	Directors, executives
Yang Jian Ren	Executives
Hu Wei Lin	Director
Qin Chang He	Executives
Bu Jiang	Directors, executives
Gao Tian Shu	Supervisors

Suzhou Yangtze New Materials Co (SZSE:002652) Headlines

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