Sunresin New Materials Co Xi'an (SZSE:300487) Days Payable : 127.18 (As of Sep. 2024)

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What is Sunresin New Materials Co Xi'an Days Payable?

Sunresin New Materials Co Xi'an's average Accounts Payable for the three months ended in Sep. 2024 was ¥406 Mil. Sunresin New Materials Co Xi'an's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥291 Mil. Hence, Sunresin New Materials Co Xi'an's Days Payable for the three months ended in Sep. 2024 was 127.18.

The historical rank and industry rank for Sunresin New Materials Co Xi'an's Days Payable or its related term are showing as below:

SZSE:300487' s Days Payable Range Over the Past 10 Years
Min: 92.88 Med: 143.9 Max: 222.87
Current: 120.1

During the past 13 years, Sunresin New Materials Co Xi'an's highest Days Payable was 222.87. The lowest was 92.88. And the median was 143.90.

SZSE:300487's Days Payable is ranked better than
83.3% of 1503 companies
in the Chemicals industry
Industry Median: 60.18 vs SZSE:300487: 120.10

Sunresin New Materials Co Xi'an's Days Payable declined from Sep. 2023 (144.45) to Sep. 2024 (127.18). It may suggest that Sunresin New Materials Co Xi'an accelerated paying its suppliers.

Sunresin New Materials Co Xi'an Days Payable Historical Data

The historical data trend for Sunresin New Materials Co Xi'an'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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Sunresin New Materials Co Xi'an Days Payable Chart

Sunresin New Materials Co Xi'an Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

197.58

222.87

152.62

130.50

150.32

Sunresin New Materials Co Xi'an 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															144.45	101.41	140.81	131.09	127.18

Competitive Comparison of Sunresin New Materials Co Xi'an's Days Payable

For the Chemicals subindustry, Sunresin New Materials Co Xi'an'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.

Sunresin New Materials Co Xi'an's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sunresin New Materials Co Xi'an's Days Payable distribution charts can be found below:

* The bar in red indicates where Sunresin New Materials Co Xi'an's Days Payable falls into.

Sunresin New Materials Co Xi'an 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.

Sunresin New Materials Co Xi'an'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
=	( (506.683	+	545.659)	/	2 )	/	1277.626	*	365
=	526.171					/	1277.626	*	365
=	150.32

Sunresin New Materials Co Xi'an'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
=	( (446.907	+	365.525)	/	2 )	/	291.464	*	365 / 4
=	406.216					/	291.464	*	365 / 4
=	127.18

Sunresin New Materials Co Xi'an Days Payable Related Terms

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Sunresin New Materials Co Xi'an Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sunresin New Materials Co Ltd Xi'an (SZSE:300487) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 135, Jinye Road, Xi'an High-tech Development Zone, Sunresin Park, Shaanxi, CHN, 710076

Website

http://www.sunresin.com

Sunresin New Materials Co Ltd Xi'an is engaged in the Research and develop, produce and sell adsorption and separation functional polymer materials and provide application solutions.

Executives

An Yuan	Directors, executives
Li Sui Dang	Director
Li Yan Jun	Supervisors
Fan Wen Min	Supervisors
Wei Wei Jun	Directors, executives
Kou Xiao Kang	Directors, executives
Gao Yue Jing	Director
Zhang Cheng	Directors, executives
Yang Ya Ling	Supervisors
Wang Ri Sheng	Supervisors
Xu Shu E	Supervisors
Guan Li Min	Directors, executives
Su Bi Wu	Supervisors
Tian Xiao Jun	Directors, executives

Sunresin New Materials Co Xi'an Headlines

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