Sino-Agri Leading Biosciences Co (SHSE:603970) Days Payable : 123.05 (As of Mar. 2024)

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What is Sino-Agri Leading Biosciences Co Days Payable?

Sino-Agri Leading Biosciences Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥3,009 Mil. Sino-Agri Leading Biosciences Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,231 Mil. Hence, Sino-Agri Leading Biosciences Co's Days Payable for the three months ended in Mar. 2024 was 123.05.

The historical rank and industry rank for Sino-Agri Leading Biosciences Co's Days Payable or its related term are showing as below:

SHSE:603970' s Days Payable Range Over the Past 10 Years
Min: 44.56 Med: 71.28 Max: 108.71
Current: 108.71

During the past 12 years, Sino-Agri Leading Biosciences Co's highest Days Payable was 108.71. The lowest was 44.56. And the median was 71.28.

SHSE:603970's Days Payable is ranked better than
62.98% of 235 companies
in the Agriculture industry
Industry Median: 79.24 vs SHSE:603970: 108.71

Sino-Agri Leading Biosciences Co's Days Payable increased from Mar. 2023 (115.55) to Mar. 2024 (123.05). It may suggest that Sino-Agri Leading Biosciences Co delayed paying its suppliers.

Sino-Agri Leading Biosciences Co Days Payable Historical Data

The historical data trend for Sino-Agri Leading Biosciences 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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Sino-Agri Leading Biosciences Co Days Payable Chart

Sino-Agri Leading Biosciences Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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48.82

44.56

49.92

65.88

101.87

Sino-Agri Leading Biosciences 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															115.55	68.72	132.18	138.26	123.05

Competitive Comparison of Sino-Agri Leading Biosciences Co's Days Payable

For the Agricultural Inputs subindustry, Sino-Agri Leading Biosciences 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.

Sino-Agri Leading Biosciences Co's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Sino-Agri Leading Biosciences Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Sino-Agri Leading Biosciences Co's Days Payable falls into.

Sino-Agri Leading Biosciences 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.

Sino-Agri Leading Biosciences 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
=	( (2648.469	+	2759.341)	/	2 )	/	9688.227	*	365
=	2703.905					/	9688.227	*	365
=	101.87

Sino-Agri Leading Biosciences 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
=	( (2759.341	+	3258.005)	/	2 )	/	2231.07	*	365 / 4
=	3008.673					/	2231.07	*	365 / 4
=	123.05

Sino-Agri Leading Biosciences Co Days Payable Related Terms

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Sino-Agri Leading Biosciences Co (SHSE:603970) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Sino-Agri Leading Biosciences Co Ltd (SHSE:603970) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. A1, Xuanwumenwai Street, 9th Floor, Block C, Global Finance & News Center, Xicheng District, Beijing, CHN, 100052

Website

http://www.sino-agri-sal.com

Sino-Agri Leading Biosciences Co Ltd s a China-based company engaged in the production and distribution of agricultural products. The company manufactures and sells agricultural means of production, such as chemical fertilizer, pesticides, agricultural film, seeds, and agricultural machinery and other related products.

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