China Precision Steel (China Precision Steel) Days Payable : 164.87 (As of Dec. 2014)

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What is China Precision Steel Days Payable?

China Precision Steel's average Accounts Payable for the three months ended in Dec. 2014 was $14.36 Mil. China Precision Steel's Cost of Goods Sold for the three months ended in Dec. 2014 was $7.95 Mil. Hence, China Precision Steel's Days Payable for the three months ended in Dec. 2014 was 164.87.

The historical rank and industry rank for China Precision Steel's Days Payable or its related term are showing as below:

CPSL's Days Payable is not ranked ^*
in the Steel industry.
Industry Median: 39.7
* Ranked among companies with meaningful Days Payable only.

China Precision Steel's Days Payable increased from Dec. 2013 (57.52) to Dec. 2014 (164.87). It may suggest that China Precision Steel delayed paying its suppliers.

China Precision Steel Days Payable Historical Data

The historical data trend for China Precision Steel'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.

* Premium members only.

China Precision Steel Days Payable Chart

China Precision Steel Annual Data

Trend

Dec04

Dec05

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Days Payable

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34.33

19.54

15.18

52.20

54.28

China Precision Steel Quarterly Data
	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14
Days Payable	Get a 7-Day Free Trial															57.52	58.52	87.51	137.09	164.87

Competitive Comparison of China Precision Steel's Days Payable

For the Steel subindustry, China Precision Steel'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.

China Precision Steel's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, China Precision Steel's Days Payable distribution charts can be found below:

* The bar in red indicates where China Precision Steel's Days Payable falls into.

China Precision Steel 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.

China Precision Steel's Days Payable for the fiscal year that ended in Jun. 2014 is calculated as

	Days Payable (A: Jun. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2013 )	+	Accounts Payable (A: Jun. 2014 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2014 )	*	Days in Period
=	( (7.044	+	12.281)	/	2 )	/	64.98	*	365
=	9.6625					/	64.98	*	365
=	54.28

China Precision Steel's Days Payable for the quarter that ended in Dec. 2014 is calculated as:

	Days Payable (Q: Dec. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2014 )	+	Accounts Payable (Q: Dec. 2014 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2014 )	*	Days in Period
=	( (13.38	+	15.334)	/	2 )	/	7.946	*	365 / 4
=	14.357					/	7.946	*	365 / 4
=	164.87

China Precision Steel Days Payable Related Terms

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China Precision Steel (China Precision Steel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Precision Steel Inc (OTCPK:CPSL) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Website

http://www.chinaprecisionsteelinc.com

China Precision Steel Inc is a steel processing company. The firm through its subsidiaries manufacture and sell cold rolled precision steel products for applications including automobile components and spare parts, kitchen tools, electrical appliances, roofing and food packaging materials. The company conducts its operations mainly in China.

Executives

Michael Friess

director, officer: Secretary

5353 MANHATTAN CIRCLE, STE 101, BOULDER CO 80303

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