Baimtec Material Co (SHSE:688563) Days Payable : 205.66 (As of Mar. 2024)

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What is Baimtec Material Co Days Payable?

Baimtec Material Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,065 Mil. Baimtec Material Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥473 Mil. Hence, Baimtec Material Co's Days Payable for the three months ended in Mar. 2024 was 205.66.

The historical rank and industry rank for Baimtec Material Co's Days Payable or its related term are showing as below:

SHSE:688563' s Days Payable Range Over the Past 10 Years
Min: 115.7 Med: 174.86 Max: 201.36
Current: 189.94

During the past 5 years, Baimtec Material Co's highest Days Payable was 201.36. The lowest was 115.70. And the median was 174.86.

SHSE:688563's Days Payable is ranked better than
80.54% of 298 companies
in the Aerospace & Defense industry
Industry Median: 76.855 vs SHSE:688563: 189.94

Baimtec Material Co's Days Payable declined from Mar. 2023 (221.63) to Mar. 2024 (205.66). It may suggest that Baimtec Material Co accelerated paying its suppliers.

Baimtec Material Co Days Payable Historical Data

The historical data trend for Baimtec Material 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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Baimtec Material Co Days Payable Chart

Baimtec Material Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

174.86

115.70

140.69

201.36

193.11

Baimtec Material Co Quarterly Data
	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial									221.63	190.24	175.99	209.62	205.66

Competitive Comparison of Baimtec Material Co's Days Payable

For the Aerospace & Defense subindustry, Baimtec Material 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.

Baimtec Material Co's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Baimtec Material Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Baimtec Material Co's Days Payable falls into.

Baimtec Material 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.

Baimtec Material 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
=	( (940.151	+	1089.767)	/	2 )	/	1918.369	*	365
=	1014.959					/	1918.369	*	365
=	193.11

Baimtec Material 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
=	( (1089.767	+	1040.598)	/	2 )	/	472.626	*	365 / 4
=	1065.1825					/	472.626	*	365 / 4
=	205.66

Baimtec Material Co Days Payable Related Terms

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Baimtec Material Co (SHSE:688563) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Baimtec Material Co Ltd (SHSE:688563) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5 Yongxiang North Road, Yongfeng High-tech Industrial Base, Haidian, Beijing, CHN, 100094

Website

http://www.baimtec.com.cn

Baimtec Material Co Ltd is committed to the research, development, manufacture and sales of a series of high-tech products based on aviation new materials, new processes and new technologies. The company's main products cover titanium alloy precision castings, high-temperature alloy master alloys, aircraft windshields, hatch covers, transparent parts and components of observation windows, aerospace rubber, sealants, adhesives, elastic components, etc. in the aerospace and other fields.

Executives

Wu Song Hua

Core technical personnel

Baimtec Material Co (SHSE:688563) Headlines

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