Shandong Longquan Pipe Industry Co (SZSE:002671) Days Payable : 163.58 (As of Mar. 2025)

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What is Shandong Longquan Pipe Industry Co Days Payable?

Shandong Longquan Pipe Industry Co's average Accounts Payable for the three months ended in Mar. 2025 was ¥250 Mil. Shandong Longquan Pipe Industry Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥140 Mil. Hence, Shandong Longquan Pipe Industry Co's Days Payable for the three months ended in Mar. 2025 was 163.58.

The historical rank and industry rank for Shandong Longquan Pipe Industry Co's Days Payable or its related term are showing as below:

SZSE:002671' s Days Payable Range Over the Past 10 Years
Min: 79.6 Med: 128.44 Max: 273.21
Current: 126.65

During the past 13 years, Shandong Longquan Pipe Industry Co's highest Days Payable was 273.21. The lowest was 79.60. And the median was 128.44.

SZSE:002671's Days Payable is ranked better than
70.44% of 1668 companies
in the Construction industry
Industry Median: 77.24 vs SZSE:002671: 126.65

Shandong Longquan Pipe Industry Co's Days Payable declined from Mar. 2024 (255.53) to Mar. 2025 (163.58). It may suggest that Shandong Longquan Pipe Industry Co accelerated paying its suppliers.

Shandong Longquan Pipe Industry Co Days Payable Historical Data

The historical data trend for Shandong Longquan Pipe Industry 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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Shandong Longquan Pipe Industry Co Days Payable Chart

Shandong Longquan Pipe Industry Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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115.13

79.60

116.85

125.54

131.34

Shandong Longquan Pipe Industry 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															255.53	124.08	107.96	91.45	163.58

Competitive Comparison of Shandong Longquan Pipe Industry Co's Days Payable

For the Building Products & Equipment subindustry, Shandong Longquan Pipe Industry 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.

Shandong Longquan Pipe Industry Co's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shandong Longquan Pipe Industry Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong Longquan Pipe Industry Co's Days Payable falls into.

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Shandong Longquan Pipe Industry 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.

Shandong Longquan Pipe Industry 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
=	( (297.583	+	273.025)	/	2 )	/	792.881	*	365
=	285.304					/	792.881	*	365
=	131.34

Shandong Longquan Pipe Industry 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
=	( (273.025	+	227.188)	/	2 )	/	139.519	*	365 / 4
=	250.1065					/	139.519	*	365 / 4
=	163.58

Shandong Longquan Pipe Industry Co Days Payable Related Terms

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Shandong Longquan Pipe Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shandong Longquan Pipe Industry Co Ltd (SZSE:002671) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 36, Jianshan East Road, Boshan District, Shandong Province, Zibo, CHN, 213000

Website

https://www.lq-pipe.cn

Shandong Longquan Pipe Industry Co Ltd is engaged in the Production and sales of prestressed steel cylinder concrete pipes (PCCP), petrochemical, nuclear power, and other metal pipe fittings business.

Executives

Wang Xiao Jun	Directors, executives
Liu Qiang	Director
Ben Liang Liang	Executives
Li Wen Bo	Secretary Dong
Fu Bo	Directors, executives
Lu Chuan Wei	Supervisors
Lv Bing Fang	Director
Zhao Xiao De	Directors, executives
Zhao Li	Director
Yan Lei	Securities Affairs Representative
Li Jiu Cheng	Executives
Lu Qi Dong	Supervisors
Liu Zhang Jie	Director
Zhang Yu	Directors, executives
Xu Yu Qing	Executives

Shandong Longquan Pipe Industry Co Headlines

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