Henan Mingtai Al Industrial Co (SHSE:601677) Days Payable : 46.26 (As of Mar. 2024)

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What is Henan Mingtai Al Industrial Co Days Payable?

Henan Mingtai Al Industrial Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥3,240 Mil. Henan Mingtai Al Industrial Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥6,392 Mil. Hence, Henan Mingtai Al Industrial Co's Days Payable for the three months ended in Mar. 2024 was 46.26.

The historical rank and industry rank for Henan Mingtai Al Industrial Co's Days Payable or its related term are showing as below:

SHSE:601677' s Days Payable Range Over the Past 10 Years
Min: 42.6 Med: 56.33 Max: 92.62
Current: 48.49

During the past 13 years, Henan Mingtai Al Industrial Co's highest Days Payable was 92.62. The lowest was 42.60. And the median was 56.33.

SHSE:601677's Days Payable is ranked worse than
74.72% of 1064 companies
in the Metals & Mining industry
Industry Median: 130.44 vs SHSE:601677: 48.49

Henan Mingtai Al Industrial Co's Days Payable increased from Mar. 2023 (45.53) to Mar. 2024 (46.26). It may suggest that Henan Mingtai Al Industrial Co delayed paying its suppliers.

Henan Mingtai Al Industrial Co Days Payable Historical Data

The historical data trend for Henan Mingtai Al Industrial 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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Henan Mingtai Al Industrial Co Days Payable Chart

Henan Mingtai Al Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

55.27

42.60

45.26

46.07

44.14

Henan Mingtai Al Industrial 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															45.53	53.75	55.91	43.62	46.26

Competitive Comparison of Henan Mingtai Al Industrial Co's Days Payable

For the Aluminum subindustry, Henan Mingtai Al Industrial 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.

Henan Mingtai Al Industrial Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Henan Mingtai Al Industrial Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Henan Mingtai Al Industrial Co's Days Payable falls into.

Henan Mingtai Al Industrial 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.

Henan Mingtai Al Industrial 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
=	( (2644.734	+	3146.461)	/	2 )	/	23942.044	*	365
=	2895.5975					/	23942.044	*	365
=	44.14

Henan Mingtai Al Industrial 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
=	( (3146.461	+	3334.262)	/	2 )	/	6392.28	*	365 / 4
=	3240.3615					/	6392.28	*	365 / 4
=	46.26

Henan Mingtai Al Industrial Co Days Payable Related Terms

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Henan Mingtai Al Industrial Co (SHSE:601677) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Henan Mingtai Al Industrial Co Ltd (SHSE:601677) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Huiguo Town Development Zone, Henan Province, Gongyi, CHN, 451283

Website

http://hnmtybk.cnal.com/profile.shtml

Henan Mingtai Al Industrial Co Ltd is a China based aluminum processing enterprise. It is involved in the producing and selling aluminum products. The products offered by the company include CTP plate stock, PS plate stock, aluminum electrode capacitor foil, foil stock, deep-draw stock, brazing sheet, alloy sheet and plate, and others. The products are used in different industries such as automobile making, traffic and transportation, packaging and containers, buildings and decorations, electrical and electronic, printing, among others. The company has the business presence in China and other international countries.

Henan Mingtai Al Industrial Co (SHSE:601677) Headlines

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