Xinxiang Chemical Fibre Co (SZSE:000949) Days Payable : 90.11 (As of Mar. 2024)

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What is Xinxiang Chemical Fibre Co Days Payable?

Xinxiang Chemical Fibre Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,734 Mil. Xinxiang Chemical Fibre Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,756 Mil. Hence, Xinxiang Chemical Fibre Co's Days Payable for the three months ended in Mar. 2024 was 90.11.

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

SZSE:000949' s Days Payable Range Over the Past 10 Years
Min: 38.86 Med: 48.41 Max: 81.3
Current: 76.58

During the past 13 years, Xinxiang Chemical Fibre Co's highest Days Payable was 81.30. The lowest was 38.86. And the median was 48.41.

SZSE:000949's Days Payable is ranked better than
63.83% of 1504 companies
in the Chemicals industry
Industry Median: 61.065 vs SZSE:000949: 76.58

Xinxiang Chemical Fibre Co's Days Payable increased from Mar. 2023 (57.19) to Mar. 2024 (90.11). It may suggest that Xinxiang Chemical Fibre Co delayed paying its suppliers.

Xinxiang Chemical Fibre Co Days Payable Historical Data

The historical data trend for Xinxiang Chemical Fibre 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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Xinxiang Chemical Fibre Co Days Payable Chart

Xinxiang Chemical Fibre Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

81.30

60.17

42.34

50.45

76.40

Xinxiang Chemical Fibre 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															57.19	69.07	64.06	88.61	90.11

Competitive Comparison of Xinxiang Chemical Fibre Co's Days Payable

For the Chemicals subindustry, Xinxiang Chemical Fibre 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.

Xinxiang Chemical Fibre Co's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Xinxiang Chemical Fibre Co's Days Payable falls into.

Xinxiang Chemical Fibre 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.

Xinxiang Chemical Fibre 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
=	( (1045.584	+	1804.591)	/	2 )	/	6808.132	*	365
=	1425.0875					/	6808.132	*	365
=	76.40

Xinxiang Chemical Fibre 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
=	( (1804.591	+	1663.1)	/	2 )	/	1755.762	*	365 / 4
=	1733.8455					/	1755.762	*	365 / 4
=	90.11

Xinxiang Chemical Fibre Co Days Payable Related Terms

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Xinxiang Chemical Fibre Co (SZSE:000949) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Xinxiang Chemical Fibre Co Ltd (SZSE:000949) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

South side of Xinchang Road, Economic and Technological Development Zone, Henan, Xinxiang, CHN, 453006

Website

http://www.bailu.com

Xinxiang Chemical Fibre Co Ltd specializes in producing chemical fiber textile raw materials in China. Their main products are centrifugal viscose rayon filament yarn, continuous viscose rayon filament yarn, viscose staple fiber, and polyester. The company's products are not only sold in the Chinese market but also exported to more than 30 countries and regions such as Germany, Italy, Japan, South Korea and India.

Executives

Zhu Xue Xin	Supervisors
Chen Xi An	Executives
Lu Wei	Executives
Zhang Jia Qi	Directors, executives
Wang Wen Xin	Director
Shao Zhang Jin	Director
Ji Yu Dong	Directors, executives
Feng Li Ping	Executives
Yue Sheng Li	Director
Zhou Xue Li	Executives
Song De Shun	Executives
Cao Jun You	Executives
Xiao Shu Bin	Director
Zhou Jian Hua	Supervisors
Jia Bao Liang	Directors, executives

Xinxiang Chemical Fibre Co (SZSE:000949) Headlines

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