JiangSu JiuWu Hi-Tech Co (SZSE:300631) Days Payable : 531.31 (As of Mar. 2024)

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What is JiangSu JiuWu Hi-Tech Co Days Payable?

JiangSu JiuWu Hi-Tech Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥314.9 Mil. JiangSu JiuWu Hi-Tech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥54.1 Mil. Hence, JiangSu JiuWu Hi-Tech Co's Days Payable for the three months ended in Mar. 2024 was 531.31.

The historical rank and industry rank for JiangSu JiuWu Hi-Tech Co's Days Payable or its related term are showing as below:

SZSE:300631' s Days Payable Range Over the Past 10 Years
Min: 118.36 Med: 202.02 Max: 264.3
Current: 264.3

During the past 13 years, JiangSu JiuWu Hi-Tech Co's highest Days Payable was 264.30. The lowest was 118.36. And the median was 202.02.

SZSE:300631's Days Payable is ranked better than
93.56% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs SZSE:300631: 264.30

JiangSu JiuWu Hi-Tech Co's Days Payable increased from Mar. 2023 (299.18) to Mar. 2024 (531.31). It may suggest that JiangSu JiuWu Hi-Tech Co delayed paying its suppliers.

JiangSu JiuWu Hi-Tech Co Days Payable Historical Data

The historical data trend for JiangSu JiuWu Hi-Tech 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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JiangSu JiuWu Hi-Tech Co Days Payable Chart

JiangSu JiuWu Hi-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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189.46

222.17

248.05

193.39

240.76

JiangSu JiuWu Hi-Tech 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															299.18	226.17	326.34	191.86	531.31

Competitive Comparison of JiangSu JiuWu Hi-Tech Co's Days Payable

For the Metal Fabrication subindustry, JiangSu JiuWu Hi-Tech 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.

JiangSu JiuWu Hi-Tech Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, JiangSu JiuWu Hi-Tech Co's Days Payable distribution charts can be found below:

* The bar in red indicates where JiangSu JiuWu Hi-Tech Co's Days Payable falls into.

JiangSu JiuWu Hi-Tech 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.

JiangSu JiuWu Hi-Tech 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
=	( (344.422	+	349.706)	/	2 )	/	526.15	*	365
=	347.064					/	526.15	*	365
=	240.76

JiangSu JiuWu Hi-Tech 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
=	( (349.706	+	280.064)	/	2 )	/	54.08	*	365 / 4
=	314.885					/	54.08	*	365 / 4
=	531.31

JiangSu JiuWu Hi-Tech Co Days Payable Related Terms

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JiangSu JiuWu Hi-Tech Co (SZSE:300631) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JiangSu JiuWu Hi-Tech Co Ltd (SZSE:300631) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Huqiao East Road, Jiangpu Sub District, Pukou District, Nanjing City, CHN, 211808

Website

http://www.jiuwu.com

JiangSu JiuWu Hi-Tech Co Ltd is engaged in the research and development and application of membrane separation technology. Its products include organic membranes, ceramic and organic membrane modules, membrane pilot machines, and skid-mounted devices. The company's products and technologies have been widely used in chlor-alkali chemical brine refining, petrochemical membrane catalytic reaction, coal chemical oil and water separation, purification of fine chemical products, antibiotics, and other biological products.

Executives

Jin Xin Lei	Executives
Pan Suo Liang	Executives
Cheng Heng	Directors, Directors, and Executives
Wei Xu	Executives
Wang Xiao Hu	Executives
Yang Ji Heng	Executives
Liu Fei	Director
Fang Qiu	Executives
Sun Jian	Director
Dang Jian Bing	Director

JiangSu JiuWu Hi-Tech Co (SZSE:300631) Headlines

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