Chongqingnsheng Industrial Co (SZSE:002742) Days Payable : 276.75 (As of Mar. 2024)

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What is Chongqingnsheng Industrial Co Days Payable?

Chongqingnsheng Industrial Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥818 Mil. Chongqingnsheng Industrial Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥270 Mil. Hence, Chongqingnsheng Industrial Co's Days Payable for the three months ended in Mar. 2024 was 276.75.

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

SZSE:002742' s Days Payable Range Over the Past 10 Years
Min: 121.52 Med: 190.82 Max: 265.45
Current: 192.09

During the past 13 years, Chongqingnsheng Industrial Co's highest Days Payable was 265.45. The lowest was 121.52. And the median was 190.82.

SZSE:002742's Days Payable is ranked better than
87.03% of 370 companies
in the Building Materials industry
Industry Median: 66.17 vs SZSE:002742: 192.09

Chongqingnsheng Industrial Co's Days Payable increased from Mar. 2023 (171.06) to Mar. 2024 (276.75). It may suggest that Chongqingnsheng Industrial Co delayed paying its suppliers.

Chongqingnsheng Industrial Co Days Payable Historical Data

The historical data trend for Chongqingnsheng Industrial 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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Chongqingnsheng Industrial Co Days Payable Chart

Chongqingnsheng Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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203.43

265.45

209.89

190.92

183.13

Chongqingnsheng Industrial 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															171.06	155.19	160.11	216.99	276.75

Competitive Comparison of Chongqingnsheng Industrial Co's Days Payable

For the Building Materials subindustry, Chongqingnsheng Industrial 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.

Chongqingnsheng Industrial Co's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Chongqingnsheng Industrial Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Chongqingnsheng Industrial Co's Days Payable falls into.

Chongqingnsheng Industrial 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.

Chongqingnsheng Industrial 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
=	( (796.429	+	852.763)	/	2 )	/	1643.532	*	365
=	824.596					/	1643.532	*	365
=	183.13

Chongqingnsheng Industrial 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
=	( (852.763	+	783.922)	/	2 )	/	269.822	*	365 / 4
=	818.3425					/	269.822	*	365 / 4
=	276.75

Chongqingnsheng Industrial Co Days Payable Related Terms

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Chongqingnsheng Industrial Co (SZSE:002742) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Chongqing Sansheng Industrial Co Ltd (SZSE:002742) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Sansheng Town Street, Beibei District, Chongqing, CHN, 400718

Website

http://www.cqssgf.com

Chongqing Sansheng Industrial Co Ltd is engaged in concrete and chemical business. It covers the utilization of gypsum formed based on new environmentally friendly building materials and sulfuric acid, sulfur chemical research and development, production and sales. Its products include building materials and chemicals sector products which are commercial concrete, water reducing agent, expansion agent and sulfuric acid. The company's products used in industrial and civil buildings, highways, railways, bridges, tunnels, airports, water conservancy, and hydropower; sulfuric acid.

Executives

Pan Cheng Gong	Directors, executives
Hao Ting Yan	Director
Yang Zhi Yun	Executives
Pan Xian Wen	Director
Qian Jue Shi	Independent director
Zhang Zhi Qiang	Directors, executives
Li Wei	Executives
Fan Yu Jin	Executives
Yang Xing Zhi	Director
Pan Jing Kun	Director
Yang Min	Supervisors

Chongqingnsheng Industrial Co (SZSE:002742) Headlines

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