Tangshan Jidong Cement Co (SZSE:000401) Days Payable : 135.48 (As of Mar. 2024)

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What is Tangshan Jidong Cement Co Days Payable?

Tangshan Jidong Cement Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥5,072 Mil. Tangshan Jidong Cement Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,416 Mil. Hence, Tangshan Jidong Cement Co's Days Payable for the three months ended in Mar. 2024 was 135.48.

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

SZSE:000401' s Days Payable Range Over the Past 10 Years
Min: 59.01 Med: 95.74 Max: 159.16
Current: 79.92

During the past 13 years, Tangshan Jidong Cement Co's highest Days Payable was 159.16. The lowest was 59.01. And the median was 95.74.

SZSE:000401's Days Payable is ranked better than
59.3% of 371 companies
in the Building Materials industry
Industry Median: 67.69 vs SZSE:000401: 79.92

Tangshan Jidong Cement Co's Days Payable increased from Mar. 2023 (87.30) to Mar. 2024 (135.48). It may suggest that Tangshan Jidong Cement Co delayed paying its suppliers.

Tangshan Jidong Cement Co Days Payable Historical Data

The historical data trend for Tangshan Jidong Cement 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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Tangshan Jidong Cement Co Days Payable Chart

Tangshan Jidong Cement Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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126.42

71.76

59.66

59.01

70.68

Tangshan Jidong Cement 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															87.30	59.92	74.15	82.75	135.48

Competitive Comparison of Tangshan Jidong Cement Co's Days Payable

For the Building Materials subindustry, Tangshan Jidong Cement 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.

Tangshan Jidong Cement Co's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Tangshan Jidong Cement Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tangshan Jidong Cement Co's Days Payable falls into.

Tangshan Jidong Cement 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.

Tangshan Jidong Cement 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
=	( (4489.943	+	5157.047)	/	2 )	/	24908.899	*	365
=	4823.495					/	24908.899	*	365
=	70.68

Tangshan Jidong Cement 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
=	( (5157.047	+	4986.11)	/	2 )	/	3415.968	*	365 / 4
=	5071.5785					/	3415.968	*	365 / 4
=	135.48

Tangshan Jidong Cement Co Days Payable Related Terms

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Tangshan Jidong Cement Co (SZSE:000401) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Tangshan Jidong Cement Co Ltd (SZSE:000401) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Linyin Road, Fengrun District, Hebei Province, Tangshan, CHN, 064000

Website

http://www.jdsn.com.cn

Tangshan Jidong Cement Co Ltd is a China-based company engages in the manufacturing and selling of cement and clinker. Its products and services include English and American standard Portland cement, road Portland cement, slag Portland cement, and compound cement as well as logistics services. Its products are mainly used in the civil engineering, hydraulic construction, national defense and other projects.

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