Guangdong DFP New Material Group Co (SHSE:601515) Days Payable : 175.06 (As of Mar. 2024)

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What is Guangdong DFP New Material Group Co Days Payable?

Guangdong DFP New Material Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥499 Mil. Guangdong DFP New Material Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥260 Mil. Hence, Guangdong DFP New Material Group Co's Days Payable for the three months ended in Mar. 2024 was 175.06.

The historical rank and industry rank for Guangdong DFP New Material Group Co's Days Payable or its related term are showing as below:

SHSE:601515' s Days Payable Range Over the Past 10 Years
Min: 149.58 Med: 174.22 Max: 197.38
Current: 156.56

During the past 13 years, Guangdong DFP New Material Group Co's highest Days Payable was 197.38. The lowest was 149.58. And the median was 174.22.

SHSE:601515's Days Payable is ranked better than
93.77% of 369 companies
in the Packaging & Containers industry
Industry Median: 57.64 vs SHSE:601515: 156.56

Guangdong DFP New Material Group Co's Days Payable increased from Mar. 2023 (146.66) to Mar. 2024 (175.06). It may suggest that Guangdong DFP New Material Group Co delayed paying its suppliers.

Guangdong DFP New Material Group Co Days Payable Historical Data

The historical data trend for Guangdong DFP New Material Group 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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Guangdong DFP New Material Group Co Days Payable Chart

Guangdong DFP New Material Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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174.85

184.33

149.58

154.62

153.79

Guangdong DFP New Material Group 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															146.66	157.36	154.98	142.94	175.06

Competitive Comparison of Guangdong DFP New Material Group Co's Days Payable

For the Packaging & Containers subindustry, Guangdong DFP New Material Group 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.

Guangdong DFP New Material Group Co's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Guangdong DFP New Material Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Guangdong DFP New Material Group Co's Days Payable falls into.

Guangdong DFP New Material Group 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.

Guangdong DFP New Material Group 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
=	( (1171.683	+	534.56)	/	2 )	/	2024.729	*	365
=	853.1215					/	2024.729	*	365
=	153.79

Guangdong DFP New Material Group 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
=	( (534.56	+	463.678)	/	2 )	/	260.165	*	365 / 4
=	499.119					/	260.165	*	365 / 4
=	175.06

Guangdong DFP New Material Group Co Days Payable Related Terms

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Guangdong DFP New Material Group Co (SHSE:601515) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Guangdong DFP New Material Group Co Ltd (SHSE:601515) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chaoshan Road, Area 4A2-2, Area 2M4, Block AF, Area 13-02, Jinyuan Industrial City, Guangdong, Shantou, CHN, 515064

Website

http://www.dfp.com.cn

Guangdong DFP New Material Group Co Ltd is engaged in the Design, production and sales of cigarette label printing and related packaging materials.

Guangdong DFP New Material Group Co (SHSE:601515) Headlines

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