Yuan Cheng Cable Co (SZSE:002692) Days Payable : 36.41 (As of Mar. 2024)

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What is Yuan Cheng Cable Co Days Payable?

Yuan Cheng Cable Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥291 Mil. Yuan Cheng Cable Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥729 Mil. Hence, Yuan Cheng Cable Co's Days Payable for the three months ended in Mar. 2024 was 36.41.

The historical rank and industry rank for Yuan Cheng Cable Co's Days Payable or its related term are showing as below:

SZSE:002692' s Days Payable Range Over the Past 10 Years
Min: 23.27 Med: 32.53 Max: 56.04
Current: 28.95

During the past 13 years, Yuan Cheng Cable Co's highest Days Payable was 56.04. The lowest was 23.27. And the median was 32.53.

SZSE:002692's Days Payable is ranked worse than
89.7% of 2931 companies
in the Industrial Products industry
Industry Median: 76.42 vs SZSE:002692: 28.95

Yuan Cheng Cable Co's Days Payable increased from Mar. 2023 (34.45) to Mar. 2024 (36.41). It may suggest that Yuan Cheng Cable Co delayed paying its suppliers.

Yuan Cheng Cable Co Days Payable Historical Data

The historical data trend for Yuan Cheng Cable 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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Yuan Cheng Cable Co Days Payable Chart

Yuan Cheng Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

28.11

23.27

23.84

27.38

33.29

Yuan Cheng Cable 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															34.45	22.70	31.25	29.11	36.41

Competitive Comparison of Yuan Cheng Cable Co's Days Payable

For the Electrical Equipment & Parts subindustry, Yuan Cheng Cable 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.

Yuan Cheng Cable Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Yuan Cheng Cable Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Yuan Cheng Cable Co's Days Payable falls into.

Yuan Cheng Cable 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.

Yuan Cheng Cable 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
=	( (198.03	+	322.084)	/	2 )	/	2851.727	*	365
=	260.057					/	2851.727	*	365
=	33.29

Yuan Cheng Cable 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
=	( (322.084	+	259.842)	/	2 )	/	729.127	*	365 / 4
=	290.963					/	729.127	*	365 / 4
=	36.41

Yuan Cheng Cable Co Days Payable Related Terms

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Yuan Cheng Cable Co (SZSE:002692) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Yuan Cheng Cable Co Ltd (SZSE:002692) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 8, Yuancheng Road, Guanlin Town, Jiangsu Province, Yixing, CHN, 214251

Website

http://www.yccable.cn

Yuan Cheng Cable Co Ltd is engaged in the production of power cables. Its product portfolio includes low voltage power cable, medium voltage power cable, high voltage power cable, control cable, cloth wire, overhead insulated cable wire, mineral insulated cable, fireproof cable, special cable, and nuclear cable among others.

Executives

Yu Zhao Peng	Supervisors
Yu Guo Ping	Directors, executives
Li Zhi Qiang	Directors, executives
Yang Xiao Ming	Director

Yuan Cheng Cable Co (SZSE:002692) Headlines

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