Nantong Acetic Acid Chemical Co (SHSE:603968) Days Payable : 74.81 (As of Mar. 2024)

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What is Nantong Acetic Acid Chemical Co Days Payable?

Nantong Acetic Acid Chemical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥530 Mil. Nantong Acetic Acid Chemical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥647 Mil. Hence, Nantong Acetic Acid Chemical Co's Days Payable for the three months ended in Mar. 2024 was 74.81.

The historical rank and industry rank for Nantong Acetic Acid Chemical Co's Days Payable or its related term are showing as below:

SHSE:603968' s Days Payable Range Over the Past 10 Years
Min: 35.65 Med: 57.83 Max: 68.51
Current: 66.41

During the past 13 years, Nantong Acetic Acid Chemical Co's highest Days Payable was 68.51. The lowest was 35.65. And the median was 57.83.

SHSE:603968's Days Payable is ranked better than
55.55% of 1505 companies
in the Chemicals industry
Industry Median: 60.89 vs SHSE:603968: 66.41

Nantong Acetic Acid Chemical Co's Days Payable increased from Mar. 2023 (62.34) to Mar. 2024 (74.81). It may suggest that Nantong Acetic Acid Chemical Co delayed paying its suppliers.

Nantong Acetic Acid Chemical Co Days Payable Historical Data

The historical data trend for Nantong Acetic Acid Chemical 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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Nantong Acetic Acid Chemical Co Days Payable Chart

Nantong Acetic Acid Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

36.43

41.97

53.85

61.81

65.38

Nantong Acetic Acid Chemical 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															62.34	58.02	54.70	79.58	74.81

Competitive Comparison of Nantong Acetic Acid Chemical Co's Days Payable

For the Specialty Chemicals subindustry, Nantong Acetic Acid Chemical 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.

Nantong Acetic Acid Chemical Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nantong Acetic Acid Chemical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Nantong Acetic Acid Chemical Co's Days Payable falls into.

Nantong Acetic Acid Chemical 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.

Nantong Acetic Acid Chemical 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
=	( (440.559	+	508.427)	/	2 )	/	2649.118	*	365
=	474.493					/	2649.118	*	365
=	65.38

Nantong Acetic Acid Chemical 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
=	( (508.427	+	551.684)	/	2 )	/	646.558	*	365 / 4
=	530.0555					/	646.558	*	365 / 4
=	74.81

Nantong Acetic Acid Chemical Co Days Payable Related Terms

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Nantong Acetic Acid Chemical Co (SHSE:603968) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nantong Acetic Acid Chemical Co Ltd (SHSE:603968) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nantong Economic and Technological Development Zone, 968 Jiangshan Road, Jiangsu, CHN, 226009

Website

http://www.ntacf.com.cn

Nantong Acetic Acid Chemical Co Ltd deals in food and feed additives, pharmaceutical and pesticide intermediates, dye and pigment intermediates, and organic chemical raw materials. The product portfolio includes - sorbic acid, potassium sorbate, dehydroacetic acid, nicotinic acid, clopidol, methyl acetoacetate, acetoacetanilide, and others.

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