Luthai Textile Co (SZSE:200726) Days Payable : 21.04 (As of Mar. 2024)

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What is Luthai Textile Co Days Payable?

Luthai Textile Co's average Accounts Payable for the three months ended in Mar. 2024 was HK$265 Mil. Luthai Textile Co's Cost of Goods Sold for the three months ended in Mar. 2024 was HK$1,149 Mil. Hence, Luthai Textile Co's Days Payable for the three months ended in Mar. 2024 was 21.04.

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

SZSE:200726' s Days Payable Range Over the Past 10 Years
Min: 18.93 Med: 25.58 Max: 32.83
Current: 18.93

During the past 13 years, Luthai Textile Co's highest Days Payable was 32.83. The lowest was 18.93. And the median was 25.58.

SZSE:200726's Days Payable is ranked worse than
87.17% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.86 vs SZSE:200726: 18.93

Luthai Textile Co's Days Payable declined from Mar. 2023 (21.36) to Mar. 2024 (21.04). It may suggest that Luthai Textile Co accelerated paying its suppliers.

Luthai Textile Co Days Payable Historical Data

The historical data trend for Luthai Textile 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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Luthai Textile Co Days Payable Chart

Luthai Textile Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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28.63

29.78

25.09

23.72

23.21

Luthai Textile 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															21.36	19.36	19.55	18.33	21.04

Competitive Comparison of Luthai Textile Co's Days Payable

For the Textile Manufacturing subindustry, Luthai Textile 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.

Luthai Textile Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Luthai Textile Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Luthai Textile Co's Days Payable falls into.

Luthai Textile 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.

Luthai Textile 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
=	( (337.29	+	301.339)	/	2 )	/	5021.965	*	365
=	319.3145					/	5021.965	*	365
=	23.21

Luthai Textile 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
=	( (301.339	+	228.508)	/	2 )	/	1148.829	*	365 / 4
=	264.9235					/	1148.829	*	365 / 4
=	21.04

Luthai Textile Co Days Payable Related Terms

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Luthai Textile Co (SZSE:200726) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Luthai Textile Co Ltd (SZSE:200726) » Definitions » Days Payable

Traded in Other Exchanges

000726:China

Address

Number 11, Mingbo Road, High-tech Industry Development Zone, Shandong, Zibo, CHN, 255086

Website

http://www.lttc.com.cn

Luthai Textile Co Ltd is a China-based company. Its business includes the production, processing and sales business of cotton yarn, yarn dyed fabrics, shirts, fashion accessories, health underwear and other textile products and their mating products; design, Research and development, technology services of the textile and garment products. It has four segments which are Textile and apparel, Cotton, Electricity and steam, and Other. Most of the revenue generated from the Textile and apparel segment.

Executives

Pan Ping Li	Executives
Liu Zi Long	Supervisors
Qin Gui Ling	Secretary, Director
Zhang Hong Mei	Executives
Lv Yong Chen	Executives
Wang Fang Shui	Directors, executives
Zheng Wei Yin	Securities Affairs Representative
Zhu Ling Wen	Supervisors
Liu Shi Zhen	Director
Zhang Ke Ming	Executives
Bai Nian Yue	Executives
Zhang Shou Gang	Executives
Zhang Jian Xiang	Executives
Yu Yong Bin	Executives
Li Tong Min	Supervisors

Luthai Textile Co (SZSE:200726) Headlines

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