Shenzhen King Explorer Science And Technology (SZSE:002917) Days Payable : 132.89 (As of Mar. 2024)

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What is Shenzhen King Explorer Science And Technology Days Payable?

Shenzhen King Explorer Science And Technology's average Accounts Payable for the three months ended in Mar. 2024 was ¥312 Mil. Shenzhen King Explorer Science And Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥214 Mil. Hence, Shenzhen King Explorer Science And Technology's Days Payable for the three months ended in Mar. 2024 was 132.89.

The historical rank and industry rank for Shenzhen King Explorer Science And Technology's Days Payable or its related term are showing as below:

SZSE:002917' s Days Payable Range Over the Past 10 Years
Min: 28.08 Med: 48.22 Max: 122.09
Current: 111.04

During the past 11 years, Shenzhen King Explorer Science And Technology's highest Days Payable was 122.09. The lowest was 28.08. And the median was 48.22.

SZSE:002917's Days Payable is ranked better than
80.52% of 1504 companies
in the Chemicals industry
Industry Median: 61.065 vs SZSE:002917: 111.04

Shenzhen King Explorer Science And Technology's Days Payable declined from Mar. 2023 (167.71) to Mar. 2024 (132.89). It may suggest that Shenzhen King Explorer Science And Technology accelerated paying its suppliers.

Shenzhen King Explorer Science And Technology Days Payable Historical Data

The historical data trend for Shenzhen King Explorer Science And Technology'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 King Explorer Science And Technology Days Payable Chart

Shenzhen King Explorer Science And Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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54.86

48.67

96.65

122.09

113.21

Shenzhen King Explorer Science And Technology 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															167.71	104.04	119.47	99.30	132.89

Competitive Comparison of Shenzhen King Explorer Science And Technology's Days Payable

For the Specialty Chemicals subindustry, Shenzhen King Explorer Science And Technology'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 King Explorer Science And Technology's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shenzhen King Explorer Science And Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenzhen King Explorer Science And Technology's Days Payable falls into.

Shenzhen King Explorer Science And Technology 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 King Explorer Science And Technology'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
=	( (327.158	+	306.541)	/	2 )	/	1021.587	*	365
=	316.8495					/	1021.587	*	365
=	113.21

Shenzhen King Explorer Science And Technology'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
=	( (306.541	+	317.318)	/	2 )	/	214.181	*	365 / 4
=	311.9295					/	214.181	*	365 / 4
=	132.89

Shenzhen King Explorer Science And Technology Days Payable Related Terms

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Shenzhen King Explorer Science And Technology (SZSE:002917) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenzhen King Explorer Science And Technology Corp (SZSE:002917) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room No. 3, Building R2-A, Nanshan High-Tech Industrial Park, South Area, Guangdong Province, Shenzhen, CHN, 518057

Website

http://www.kingexplorer.com

Shenzhen King Explorer Science And Technology Corp engages in the research, development, design, manufacture, and sale of intelligent equipment systems to civil explosive production companies and blasting service companies in the People's Republic of China and internationally. It offers industrial explosive and detonator production lines, mobile and ground bulk emulsion modules, bulk trucks for emulsion, portable underground charging units, and underground chargers. The products of the company include Industrial Explosives Dynamic Monitoring System, Anti-Explosion Products and Special Equipment for Explosives Production.

Executives

Ming Jing Gu	Director
Li Hui	Supervisors
Zhou Xiao Xi	Executives

Shenzhen King Explorer Science And Technology (SZSE:002917) Headlines

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