Sinosteel Luonai Materials Technology Co (SHSE:688119) Days Payable : 213.68 (As of Mar. 2024)

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What is Sinosteel Luonai Materials Technology Co Days Payable?

Sinosteel Luonai Materials Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,053 Mil. Sinosteel Luonai Materials Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥450 Mil. Hence, Sinosteel Luonai Materials Technology Co's Days Payable for the three months ended in Mar. 2024 was 213.68.

The historical rank and industry rank for Sinosteel Luonai Materials Technology Co's Days Payable or its related term are showing as below:

SHSE:688119' s Days Payable Range Over the Past 10 Years
Min: 117.85 Med: 165.28 Max: 204.2
Current: 204.2

During the past 7 years, Sinosteel Luonai Materials Technology Co's highest Days Payable was 204.20. The lowest was 117.85. And the median was 165.28.

SHSE:688119's Days Payable is ranked better than
88.41% of 371 companies
in the Building Materials industry
Industry Median: 66.27 vs SHSE:688119: 204.20

Sinosteel Luonai Materials Technology Co's Days Payable increased from Mar. 2023 (179.13) to Mar. 2024 (213.68). It may suggest that Sinosteel Luonai Materials Technology Co delayed paying its suppliers.

Sinosteel Luonai Materials Technology Co Days Payable Historical Data

The historical data trend for Sinosteel Luonai Materials Technology 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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Sinosteel Luonai Materials Technology Co Days Payable Chart

Sinosteel Luonai Materials Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

148.40

121.50

117.85

165.28

188.03

Sinosteel Luonai Materials Technology Co Quarterly Data
	Dec17	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial													179.13	197.99	202.07	205.45	213.68

Competitive Comparison of Sinosteel Luonai Materials Technology Co's Days Payable

For the Building Materials subindustry, Sinosteel Luonai Materials Technology 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.

Sinosteel Luonai Materials Technology Co's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Sinosteel Luonai Materials Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Sinosteel Luonai Materials Technology Co's Days Payable falls into.

Sinosteel Luonai Materials Technology 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.

Sinosteel Luonai Materials Technology 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
=	( (1109.319	+	1027.184)	/	2 )	/	2073.656	*	365
=	1068.2515					/	2073.656	*	365
=	188.03

Sinosteel Luonai Materials Technology 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
=	( (1027.184	+	1078.021)	/	2 )	/	449.504	*	365 / 4
=	1052.6025					/	449.504	*	365 / 4
=	213.68

Sinosteel Luonai Materials Technology Co Days Payable Related Terms

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Sinosteel Luonai Materials Technology Co (SHSE:688119) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Sinosteel Luonai Materials Technology Co Ltd (SHSE:688119) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 1 Xiyuan Road, Jianxi District, Henan Province, Luoyang, CHN, 471000

Website

http://www.lyrg.com.cn

Sinosteel Luonai Materials Technology Co Ltd is engaged on manufacturing, sales and service of medium and high-end refractory materials.

Sinosteel Luonai Materials Technology Co (SHSE:688119) Headlines

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