Hangzhou Kaida Metal Catalyst And Compounds Co (BJSE:830974) Days Payable : 6.40 (As of Mar. 2024)

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What is Hangzhou Kaida Metal Catalyst And Compounds Co Days Payable?

Hangzhou Kaida Metal Catalyst And Compounds Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥19 Mil. Hangzhou Kaida Metal Catalyst And Compounds Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥273 Mil. Hence, Hangzhou Kaida Metal Catalyst And Compounds Co's Days Payable for the three months ended in Mar. 2024 was 6.40.

The historical rank and industry rank for Hangzhou Kaida Metal Catalyst And Compounds Co's Days Payable or its related term are showing as below:

BJSE:830974' s Days Payable Range Over the Past 10 Years
Min: 0.08 Med: 1.24 Max: 10.81
Current: 10.81

During the past 12 years, Hangzhou Kaida Metal Catalyst And Compounds Co's highest Days Payable was 10.81. The lowest was 0.08. And the median was 1.24.

BJSE:830974's Days Payable is ranked worse than
96.82% of 1070 companies
in the Metals & Mining industry
Industry Median: 139.86 vs BJSE:830974: 10.81

Hangzhou Kaida Metal Catalyst And Compounds Co's Days Payable declined from Mar. 2023 (8.45) to Mar. 2024 (6.40). It may suggest that Hangzhou Kaida Metal Catalyst And Compounds Co accelerated paying its suppliers.

Hangzhou Kaida Metal Catalyst And Compounds Co Days Payable Historical Data

The historical data trend for Hangzhou Kaida Metal Catalyst And Compounds 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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Hangzhou Kaida Metal Catalyst And Compounds Co Days Payable Chart

Hangzhou Kaida Metal Catalyst And Compounds Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1.53

0.95

2.84

4.50

8.66

Hangzhou Kaida Metal Catalyst And Compounds Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															8.45	12.66	16.81	10.17	6.40

Competitive Comparison of Hangzhou Kaida Metal Catalyst And Compounds Co's Days Payable

For the Other Industrial Metals & Mining subindustry, Hangzhou Kaida Metal Catalyst And Compounds 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.

Hangzhou Kaida Metal Catalyst And Compounds Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Hangzhou Kaida Metal Catalyst And Compounds Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hangzhou Kaida Metal Catalyst And Compounds Co's Days Payable falls into.

Hangzhou Kaida Metal Catalyst And Compounds 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.

Hangzhou Kaida Metal Catalyst And Compounds 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
=	( (30.741	+	23.417)	/	2 )	/	1140.755	*	365
=	27.079					/	1140.755	*	365
=	8.66

Hangzhou Kaida Metal Catalyst And Compounds 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
=	( (23.417	+	14.811)	/	2 )	/	272.524	*	365 / 4
=	19.114					/	272.524	*	365 / 4
=	6.40

Hangzhou Kaida Metal Catalyst And Compounds Co Days Payable Related Terms

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Hangzhou Kaida Metal Catalyst And Compounds Co (BJSE:830974) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hangzhou Kaida Metal Catalyst And Compounds Co Ltd (BJSE:830974) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 7 Kangqiao Road, Room 101, Gongshu District, Zhejiang Province, Hangzhou City, CHN, 310015

Website

https://www.katal.com.cn

Hangzhou Kaida Metal Catalyst And Compounds Co Ltd engages in research and development, production, and sales of precious metal catalytic materials, and also provides services of precious metal processing and recovery of spent precious metal catalytic materials.

Hangzhou Kaida Metal Catalyst And Compounds Co (BJSE:830974) Headlines

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