Levima Advanced Materials (SZSE:003022) Days Payable : 89.35 (As of Mar. 2024)

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What is Levima Advanced Materials Days Payable?

Levima Advanced Materials's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,219 Mil. Levima Advanced Materials's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,245 Mil. Hence, Levima Advanced Materials's Days Payable for the three months ended in Mar. 2024 was 89.35.

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

SZSE:003022' s Days Payable Range Over the Past 10 Years
Min: 16.89 Med: 31.34 Max: 68.6
Current: 66.97

During the past 8 years, Levima Advanced Materials's highest Days Payable was 68.60. The lowest was 16.89. And the median was 31.34.

SZSE:003022's Days Payable is ranked better than
56.12% of 1504 companies
in the Chemicals industry
Industry Median: 60.16 vs SZSE:003022: 66.97

Levima Advanced Materials's Days Payable increased from Mar. 2023 (56.05) to Mar. 2024 (89.35). It may suggest that Levima Advanced Materials delayed paying its suppliers.

Levima Advanced Materials Days Payable Historical Data

The historical data trend for Levima Advanced Materials'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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Levima Advanced Materials Days Payable Chart

Levima Advanced Materials Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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20.79

16.89

24.18

36.83

68.60

Levima Advanced Materials 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															56.05	55.09	62.13	67.65	89.35

Competitive Comparison of Levima Advanced Materials's Days Payable

For the Chemicals subindustry, Levima Advanced Materials'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.

Levima Advanced Materials's Days Payable Distribution in the Chemicals Industry

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

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

Levima Advanced Materials 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.

Levima Advanced Materials'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
=	( (811.936	+	1324.099)	/	2 )	/	5682.354	*	365
=	1068.0175					/	5682.354	*	365
=	68.60

Levima Advanced Materials'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
=	( (1324.099	+	1113.729)	/	2 )	/	1244.896	*	365 / 4
=	1218.914					/	1244.896	*	365 / 4
=	89.35

Levima Advanced Materials Days Payable Related Terms

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Levima Advanced Materials (SZSE:003022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Levima Advanced Materials Corp (SZSE:003022) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Resident of Mushi Town, Shandong Province (Mushi Industrial Park), Tengzhou, CHN, 277500

Website

http://www.levima.cn

Levima Advanced Materials Corp is a producer and supplier of high-end advanced material products and solutions. Levima advanced material product mainly include Ethylene-vinyl acetate, polypropylene, ethylene oxide and ethylene oxide derivative, which are widely used in photovoltaic, cable, shoe material, plastic, daily chemical, textile, construction, road, bridge, automobile, leather, coating, agricultural chemical, metal processing and other fields.

Levima Advanced Materials (SZSE:003022) Headlines

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