Liaoning Kelong Fine Chemical Co (SZSE:300405) Days Payable : 48.41 (As of Sep. 2024)

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What is Liaoning Kelong Fine Chemical Co Days Payable?

Liaoning Kelong Fine Chemical Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥78.1 Mil. Liaoning Kelong Fine Chemical Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥147.3 Mil. Hence, Liaoning Kelong Fine Chemical Co's Days Payable for the three months ended in Sep. 2024 was 48.41.

The historical rank and industry rank for Liaoning Kelong Fine Chemical Co's Days Payable or its related term are showing as below:

SZSE:300405' s Days Payable Range Over the Past 10 Years
Min: 25.16 Med: 61.74 Max: 105.22
Current: 64.87

During the past 13 years, Liaoning Kelong Fine Chemical Co's highest Days Payable was 105.22. The lowest was 25.16. And the median was 61.74.

SZSE:300405's Days Payable is ranked better than
54.7% of 1510 companies
in the Chemicals industry
Industry Median: 59.245 vs SZSE:300405: 64.87

Liaoning Kelong Fine Chemical Co's Days Payable declined from Sep. 2023 (104.90) to Sep. 2024 (48.41). It may suggest that Liaoning Kelong Fine Chemical Co accelerated paying its suppliers.

Liaoning Kelong Fine Chemical Co Days Payable Historical Data

The historical data trend for Liaoning Kelong Fine Chemical 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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Liaoning Kelong Fine Chemical Co Days Payable Chart

Liaoning Kelong Fine Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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96.42

84.37

70.65

94.91

105.22

Liaoning Kelong Fine Chemical Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															104.90	95.30	68.19	46.28	48.41

Competitive Comparison of Liaoning Kelong Fine Chemical Co's Days Payable

For the Chemicals subindustry, Liaoning Kelong Fine Chemical 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.

Liaoning Kelong Fine Chemical Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Liaoning Kelong Fine Chemical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Liaoning Kelong Fine Chemical Co's Days Payable falls into.

Liaoning Kelong Fine Chemical 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.

Liaoning Kelong Fine Chemical 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
=	( (182.563	+	118.635)	/	2 )	/	522.414	*	365
=	150.599					/	522.414	*	365
=	105.22

Liaoning Kelong Fine Chemical Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (83.564	+	72.703)	/	2 )	/	147.282	*	365 / 4
=	78.1335					/	147.282	*	365 / 4
=	48.41

Liaoning Kelong Fine Chemical Co Days Payable Related Terms

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Liaoning Kelong Fine Chemical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Liaoning Kelong Fine Chemical Co Ltd (SZSE:300405) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 36, Wanhe 7th Road, Hongwei District, Liaoning Province, Liaoyang City, CHN, 111003

Website

http://www.kelongchem.com

Liaoning Kelong Fine Chemical Co Ltd is a chemical manufacturer. It is engaged in the research, development, production, and application of deep processing technology for ethylene oxide derivatives. It is based on the field of fine chemical new materials and mainly based on ethylene oxide. Its some of the products are Polycarboxylate water reducer, Polycarboxylate water reducing agent.

Executives

Zhou Quan Kai	Directors, executives
Ji Chun Wei	Executives
Li Yan	Director
Jiang Yan	Directors, executives
Pu Yun Jun	Director
Han Xu	Director
Jin Feng Long	Director
Liu Xin	Supervisors
Yang Fu Mei	Supervisors
Wang Xiao Heng	Secretary Dong
Wu Chun Feng	Supervisors
Su Jing Hua	Supervisors
Lin Yan Hua	Supervisors

Liaoning Kelong Fine Chemical Co Headlines

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