Shandong Longhua New Material Co (SZSE:301149) Days Payable : 13.83 (As of Sep. 2024)

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What is Shandong Longhua New Material Co Days Payable?

Shandong Longhua New Material Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥229 Mil. Shandong Longhua New Material Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥1,510 Mil. Hence, Shandong Longhua New Material Co's Days Payable for the three months ended in Sep. 2024 was 13.83.

The historical rank and industry rank for Shandong Longhua New Material Co's Days Payable or its related term are showing as below:

SZSE:301149' s Days Payable Range Over the Past 10 Years
Min: 7.24 Med: 9.59 Max: 16.38
Current: 11.59

During the past 7 years, Shandong Longhua New Material Co's highest Days Payable was 16.38. The lowest was 7.24. And the median was 9.59.

SZSE:301149's Days Payable is ranked worse than
96.01% of 1503 companies
in the Chemicals industry
Industry Median: 60.18 vs SZSE:301149: 11.59

Shandong Longhua New Material Co's Days Payable increased from Sep. 2023 (8.32) to Sep. 2024 (13.83). It may suggest that Shandong Longhua New Material Co delayed paying its suppliers.

Shandong Longhua New Material Co Days Payable Historical Data

The historical data trend for Shandong Longhua New Material 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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Shandong Longhua New Material Co Days Payable Chart

Shandong Longhua New Material Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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9.59

8.83

7.24

9.85

8.40

Shandong Longhua New Material 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															8.32	8.50	10.49	12.71	13.83

Competitive Comparison of Shandong Longhua New Material Co's Days Payable

For the Specialty Chemicals subindustry, Shandong Longhua New Material 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.

Shandong Longhua New Material Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shandong Longhua New Material Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong Longhua New Material Co's Days Payable falls into.

Shandong Longhua New Material 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.

Shandong Longhua New Material 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
=	( (81.86	+	131.642)	/	2 )	/	4638.861	*	365
=	106.751					/	4638.861	*	365
=	8.40

Shandong Longhua New Material 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
=	( (219.419	+	238.388)	/	2 )	/	1509.785	*	365 / 4
=	228.9035					/	1509.785	*	365 / 4
=	13.83

Shandong Longhua New Material Co Days Payable Related Terms

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Shandong Longhua New Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Longhua New Material Co Ltd (SZSE:301149) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 289, Weigao Road, Gaoqing County, Shandong Province, Zibo, CHN, 256300

Website

http://www.longhuapu.com.cn

Shandong Longhua New Material Co Ltd is engaged in the research and development, production and sales of polyether series products.

Executives

Han Zhi Gang

Director

Shandong Longhua New Material Co Headlines

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