Chongqing Sulian Plastic Co (SZSE:301397) Days Payable : 113.17 (As of Mar. 2024)

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What is Chongqing Sulian Plastic Co Days Payable?

Chongqing Sulian Plastic Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥208 Mil. Chongqing Sulian Plastic Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥168 Mil. Hence, Chongqing Sulian Plastic Co's Days Payable for the three months ended in Mar. 2024 was 113.17.

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

SZSE:301397' s Days Payable Range Over the Past 10 Years
Min: 82.97 Med: 135.29 Max: 161.29
Current: 104.95

During the past 6 years, Chongqing Sulian Plastic Co's highest Days Payable was 161.29. The lowest was 82.97. And the median was 135.29.

SZSE:301397's Days Payable is ranked better than
73.83% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 66.66 vs SZSE:301397: 104.95

Chongqing Sulian Plastic Co's Days Payable declined from Mar. 2023 (145.93) to Mar. 2024 (113.17). It may suggest that Chongqing Sulian Plastic Co accelerated paying its suppliers.

Chongqing Sulian Plastic Co Days Payable Historical Data

The historical data trend for Chongqing Sulian Plastic 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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Chongqing Sulian Plastic Co Days Payable Chart

Chongqing Sulian Plastic Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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135.29

157.28

161.29

119.66

Chongqing Sulian Plastic Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											145.93	145.25	107.90	76.28	113.17

Competitive Comparison of Chongqing Sulian Plastic Co's Days Payable

For the Auto Parts subindustry, Chongqing Sulian Plastic 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.

Chongqing Sulian Plastic Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Chongqing Sulian Plastic Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Chongqing Sulian Plastic Co's Days Payable falls into.

Chongqing Sulian Plastic 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.

Chongqing Sulian Plastic 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
=	( (252.461	+	223.87)	/	2 )	/	726.506	*	365
=	238.1655					/	726.506	*	365
=	119.66

Chongqing Sulian Plastic 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
=	( (223.87	+	192.02)	/	2 )	/	167.674	*	365 / 4
=	207.945					/	167.674	*	365 / 4
=	113.17

Chongqing Sulian Plastic Co Days Payable Related Terms

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Chongqing Sulian Plastic Co (SZSE:301397) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chongqing Sulian Plastic Co Ltd (SZSE:301397) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 18, Gangning Road, Jiangbei District, Chongqing, CHN, 400026

Website

http://www.cqsulian.com

Chongqing Sulian Plastic Co Ltd is engaged in the design, research and development, production and sales of plastic fluid pipeline products and parts for automobiles.

Chongqing Sulian Plastic Co (SZSE:301397) Headlines

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