CNSIG Inner Mongolia Chemical Industry Co (SHSE:600328) Days Payable : 84.07 (As of Mar. 2024)

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What is CNSIG Inner Mongolia Chemical Industry Co Days Payable?

CNSIG Inner Mongolia Chemical Industry Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,098 Mil. CNSIG Inner Mongolia Chemical Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,277 Mil. Hence, CNSIG Inner Mongolia Chemical Industry Co's Days Payable for the three months ended in Mar. 2024 was 84.07.

The historical rank and industry rank for CNSIG Inner Mongolia Chemical Industry Co's Days Payable or its related term are showing as below:

SHSE:600328' s Days Payable Range Over the Past 10 Years
Min: 74.7 Med: 123.02 Max: 216.84
Current: 74.7

During the past 13 years, CNSIG Inner Mongolia Chemical Industry Co's highest Days Payable was 216.84. The lowest was 74.70. And the median was 123.02.

SHSE:600328's Days Payable is ranked better than
62.89% of 1501 companies
in the Chemicals industry
Industry Median: 60.45 vs SHSE:600328: 74.70

CNSIG Inner Mongolia Chemical Industry Co's Days Payable increased from Mar. 2023 (82.50) to Mar. 2024 (84.07). It may suggest that CNSIG Inner Mongolia Chemical Industry Co delayed paying its suppliers.

CNSIG Inner Mongolia Chemical Industry Co Days Payable Historical Data

The historical data trend for CNSIG Inner Mongolia Chemical Industry 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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CNSIG Inner Mongolia Chemical Industry Co Days Payable Chart

CNSIG Inner Mongolia Chemical Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

127.64

114.65

118.39

97.84

85.37

CNSIG Inner Mongolia Chemical Industry 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															82.50	76.71	74.46	66.12	84.07

Competitive Comparison of CNSIG Inner Mongolia Chemical Industry Co's Days Payable

For the Chemicals subindustry, CNSIG Inner Mongolia Chemical Industry 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.

CNSIG Inner Mongolia Chemical Industry Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, CNSIG Inner Mongolia Chemical Industry Co's Days Payable distribution charts can be found below:

* The bar in red indicates where CNSIG Inner Mongolia Chemical Industry Co's Days Payable falls into.

CNSIG Inner Mongolia Chemical Industry 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.

CNSIG Inner Mongolia Chemical Industry 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
=	( (3463.465	+	2272.433)	/	2 )	/	12261.578	*	365
=	2867.949					/	12261.578	*	365
=	85.37

CNSIG Inner Mongolia Chemical Industry 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
=	( (2272.433	+	1923.744)	/	2 )	/	2277.2	*	365 / 4
=	2098.0885					/	2277.2	*	365 / 4
=	84.07

CNSIG Inner Mongolia Chemical Industry Co Days Payable Related Terms

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CNSIG Inner Mongolia Chemical Industry Co (SHSE:600328) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » CNSIG Inner Mongolia Chemical Industry Co Ltd (SHSE:600328) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Alxa Left Banner, Alashan Economic Development Zone, Wustai Town, Inner Mongolia Autonomous Region, Alxa, CHN, 750333

Website

http://www.lantaicn.com

CNSIG Inner Mongolia Chemical Industry Co Ltd is engaged in production of salt chemicals such as sodium metal, soda ash, PVC, caustic soda, paste resin. The company produces and sells iodized edible salt, chemical raw material salt, bath salt, fruit and vegetable washing salt, agricultural and animal husbandry and fishery salt products; natural carotene series products, salt algae powder, spirulina products, salt field biological products.

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