Shandong Jinjing Science & Technology Stock Co (SHSE:600586) Days Payable : 157.89 (As of Mar. 2024)

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What is Shandong Jinjing Science & Technology Stock Co Days Payable?

Shandong Jinjing Science & Technology Stock Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,395 Mil. Shandong Jinjing Science & Technology Stock Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,384 Mil. Hence, Shandong Jinjing Science & Technology Stock Co's Days Payable for the three months ended in Mar. 2024 was 157.89.

The historical rank and industry rank for Shandong Jinjing Science & Technology Stock Co's Days Payable or its related term are showing as below:

SHSE:600586' s Days Payable Range Over the Past 10 Years
Min: 155 Med: 233.15 Max: 328.89
Current: 155

During the past 13 years, Shandong Jinjing Science & Technology Stock Co's highest Days Payable was 328.89. The lowest was 155.00. And the median was 233.15.

SHSE:600586's Days Payable is ranked better than
90.04% of 1506 companies
in the Chemicals industry
Industry Median: 61.065 vs SHSE:600586: 155.00

Shandong Jinjing Science & Technology Stock Co's Days Payable declined from Mar. 2023 (176.31) to Mar. 2024 (157.89). It may suggest that Shandong Jinjing Science & Technology Stock Co accelerated paying its suppliers.

Shandong Jinjing Science & Technology Stock Co Days Payable Historical Data

The historical data trend for Shandong Jinjing Science & Technology Stock 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 Jinjing Science & Technology Stock Co Days Payable Chart

Shandong Jinjing Science & Technology Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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240.59

264.83

211.23

177.43

162.53

Shandong Jinjing Science & Technology Stock 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															176.31	188.47	151.47	127.65	157.89

Competitive Comparison of Shandong Jinjing Science & Technology Stock Co's Days Payable

For the Specialty Chemicals subindustry, Shandong Jinjing Science & Technology Stock 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 Jinjing Science & Technology Stock Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shandong Jinjing Science & Technology Stock Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong Jinjing Science & Technology Stock Co's Days Payable falls into.

Shandong Jinjing Science & Technology Stock 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 Jinjing Science & Technology Stock 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
=	( (3402.045	+	2404.349)	/	2 )	/	6520.009	*	365
=	2903.197					/	6520.009	*	365
=	162.53

Shandong Jinjing Science & Technology Stock 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
=	( (2404.349	+	2386.215)	/	2 )	/	1384.348	*	365 / 4
=	2395.282					/	1384.348	*	365 / 4
=	157.89

Shandong Jinjing Science & Technology Stock Co Days Payable Related Terms

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Shandong Jinjing Science & Technology Stock Co (SHSE:600586) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Jinjing Science & Technology Stock Co Ltd (SHSE:600586) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wangzhuang, Baoshi Town, New and High-Technology Development Zone, Zibo, Shandong, CHN, 255086

Website

http://www.cnggg.cn

Shandong Jinjing Science & Technology Stock Co Ltd manufacturers of float glass in China. It provides clear float glass; low iron glass; tempered glass; solar glass; laminated glass; silver mirror; bronze glass; grey glass; ocean blue glass; reflective glass; patterned glass; automotive glass.

Executives

Ji Ya Lin

senior management

Shandong Jinjing Science & Technology Stock Co (SHSE:600586) Headlines

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