Shenzhen Wote Advanced Materials Co (SZSE:002886) Days Payable : 51.94 (As of Mar. 2024)

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What is Shenzhen Wote Advanced Materials Co Days Payable?

Shenzhen Wote Advanced Materials Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥168 Mil. Shenzhen Wote Advanced Materials Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥295 Mil. Hence, Shenzhen Wote Advanced Materials Co's Days Payable for the three months ended in Mar. 2024 was 51.94.

The historical rank and industry rank for Shenzhen Wote Advanced Materials Co's Days Payable or its related term are showing as below:

SZSE:002886' s Days Payable Range Over the Past 10 Years
Min: 46.61 Med: 51.87 Max: 56.62
Current: 51.19

During the past 12 years, Shenzhen Wote Advanced Materials Co's highest Days Payable was 56.62. The lowest was 46.61. And the median was 51.87.

SZSE:002886's Days Payable is ranked worse than
60.84% of 1504 companies
in the Chemicals industry
Industry Median: 61.065 vs SZSE:002886: 51.19

Shenzhen Wote Advanced Materials Co's Days Payable declined from Mar. 2023 (59.50) to Mar. 2024 (51.94). It may suggest that Shenzhen Wote Advanced Materials Co accelerated paying its suppliers.

Shenzhen Wote Advanced Materials Co Days Payable Historical Data

The historical data trend for Shenzhen Wote Advanced 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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Shenzhen Wote Advanced Materials Co Days Payable Chart

Shenzhen Wote Advanced Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

51.20

48.59

46.61

54.67

50.22

Shenzhen Wote Advanced 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															59.50	56.64	53.86	44.43	51.94

Competitive Comparison of Shenzhen Wote Advanced Materials Co's Days Payable

For the Specialty Chemicals subindustry, Shenzhen Wote Advanced 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.

Shenzhen Wote Advanced Materials Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shenzhen Wote Advanced Materials Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenzhen Wote Advanced Materials Co's Days Payable falls into.

Shenzhen Wote Advanced 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.

Shenzhen Wote Advanced 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
=	( (178.101	+	167.342)	/	2 )	/	1255.231	*	365
=	172.7215					/	1255.231	*	365
=	50.22

Shenzhen Wote Advanced 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
=	( (167.342	+	168.903)	/	2 )	/	295.384	*	365 / 4
=	168.1225					/	295.384	*	365 / 4
=	51.94

Shenzhen Wote Advanced Materials Co Days Payable Related Terms

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Shenzhen Wote Advanced Materials Co (SZSE:002886) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenzhen Wote Advanced Materials Co Ltd (SZSE:002886) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 / 2F, Building 10, Jixun Strategic Emerging Industrial Park, Nantou Port, Nanshan District, Shenzhen, CHN, 518052

Website

http://www.wotlon.com

Shenzhen Wote Advanced Materials Co Ltd is engaged in product research and development, production, technical service and related international trade of special performance polymer materials and environmentally friendly engineering plastic. Its product portfolio includes carbon fiber/carbon black powder reinforced electronic conductive series products, high gloss spray-free material, nano-composite material, modified PPO, PC and PC/ABS series materials.

Executives

Wu Xian	Director
He Zheng	Directors, executives
Chen Yu	Supervisors

Shenzhen Wote Advanced Materials Co (SZSE:002886) Headlines

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