Jiangsu Dingsheng New Material JSC (SHSE:603876) Days Payable : 145.24 (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Jiangsu Dingsheng New Material JSC Days Payable?

Jiangsu Dingsheng New Material JSC's average Accounts Payable for the three months ended in Mar. 2024 was ¥7,358 Mil. Jiangsu Dingsheng New Material JSC's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,623 Mil. Hence, Jiangsu Dingsheng New Material JSC's Days Payable for the three months ended in Mar. 2024 was 145.24.

The historical rank and industry rank for Jiangsu Dingsheng New Material JSC's Days Payable or its related term are showing as below:

SHSE:603876' s Days Payable Range Over the Past 10 Years
Min: 59.26 Med: 103.79 Max: 196.99
Current: 178.28

During the past 10 years, Jiangsu Dingsheng New Material JSC's highest Days Payable was 196.99. The lowest was 59.26. And the median was 103.79.

SHSE:603876's Days Payable is ranked better than
54.44% of 1069 companies
in the Metals & Mining industry
Industry Median: 138.32 vs SHSE:603876: 178.28

Jiangsu Dingsheng New Material JSC's Days Payable declined from Mar. 2023 (205.26) to Mar. 2024 (145.24). It may suggest that Jiangsu Dingsheng New Material JSC accelerated paying its suppliers.

Jiangsu Dingsheng New Material JSC Days Payable Historical Data

The historical data trend for Jiangsu Dingsheng New Material JSC'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.

Jiangsu Dingsheng New Material JSC Days Payable Chart

Jiangsu Dingsheng New Material JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

62.62

64.43

62.16

120.92

154.07

Jiangsu Dingsheng New Material JSC 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															205.26	211.23	195.43	158.69	145.24

Competitive Comparison of Jiangsu Dingsheng New Material JSC's Days Payable

For the Aluminum subindustry, Jiangsu Dingsheng New Material JSC'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.

Jiangsu Dingsheng New Material JSC's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Jiangsu Dingsheng New Material JSC's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangsu Dingsheng New Material JSC's Days Payable falls into.

Jiangsu Dingsheng New Material JSC 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.

Jiangsu Dingsheng New Material JSC'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
=	( (8380.88	+	5930.053)	/	2 )	/	16951.91	*	365
=	7155.4665					/	16951.91	*	365
=	154.07

Jiangsu Dingsheng New Material JSC'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
=	( (5930.053	+	8786.446)	/	2 )	/	4622.903	*	365 / 4
=	7358.2495					/	4622.903	*	365 / 4
=	145.24

Jiangsu Dingsheng New Material JSC Days Payable Related Terms

Thank you for viewing the detailed overview of Jiangsu Dingsheng New Material JSC's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Jiangsu Dingsheng New Material JSC (SHSE:603876) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jiangsu Dingsheng New Material JSC Ltd (SHSE:603876) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Jingkou Industrial Park, Highway 338 / Beijing Hangzhou the Grande Canale West, Jiangsu Province, Zhenjiang, CHN, 212141

Website

http://www.dingshengxincai.com

Jiangsu Dingsheng New Material JSC Ltd is engaged in the manufacturing of aluminum and Aluminum Alloy plate, belt, foil and its deep processing products of provincial high-tech enterprise. Its products include strip, foil and coating material, deep processed products such as aluminum oxide board, cable foil, air conditioner foil, decorative building material aluminum foil, air conditioner refrigerator evaporator, and condenser.

Executives

Zong Yong Jin	Director
Bian Hui Juan	Directors, senior managers
Chen Wei Xin	Directors, senior managers
Dong Qing Liang	Supervisors
Ding Gui Bao	Director

Jiangsu Dingsheng New Material JSC (SHSE:603876) Headlines

No Headlines