Shenzhen Sunrise New Energy Co (SZSE:002256) Days Payable : 104.82 (As of Mar. 2024)

View and export this data going back to 2008. Start your Free Trial

What is Shenzhen Sunrise New Energy Co Days Payable?

Shenzhen Sunrise New Energy Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥59.0 Mil. Shenzhen Sunrise New Energy Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥51.3 Mil. Hence, Shenzhen Sunrise New Energy Co's Days Payable for the three months ended in Mar. 2024 was 104.82.

The historical rank and industry rank for Shenzhen Sunrise New Energy Co's Days Payable or its related term are showing as below:

SZSE:002256' s Days Payable Range Over the Past 10 Years
Min: 85.84 Med: 175.12 Max: 502.25
Current: 86.37

During the past 13 years, Shenzhen Sunrise New Energy Co's highest Days Payable was 502.25. The lowest was 85.84. And the median was 175.12.

SZSE:002256's Days Payable is ranked better than
69.04% of 1502 companies
in the Chemicals industry
Industry Median: 60.4 vs SZSE:002256: 86.37

Shenzhen Sunrise New Energy Co's Days Payable increased from Mar. 2023 (86.87) to Mar. 2024 (104.82). It may suggest that Shenzhen Sunrise New Energy Co delayed paying its suppliers.

Shenzhen Sunrise New Energy Co Days Payable Historical Data

The historical data trend for Shenzhen Sunrise New Energy 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.

* Premium members only.

Shenzhen Sunrise New Energy Co Days Payable Chart

Shenzhen Sunrise New Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

166.88

129.48

121.74

95.66

85.84

Shenzhen Sunrise New Energy 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															86.87	70.42	87.69	90.76	104.82

Competitive Comparison of Shenzhen Sunrise New Energy Co's Days Payable

For the Chemicals subindustry, Shenzhen Sunrise New Energy 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.

Shenzhen Sunrise New Energy Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shenzhen Sunrise New Energy Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenzhen Sunrise New Energy Co's Days Payable falls into.

Shenzhen Sunrise New Energy 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.

Shenzhen Sunrise New Energy 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
=	( (47.916	+	60.401)	/	2 )	/	230.299	*	365
=	54.1585					/	230.299	*	365
=	85.84

Shenzhen Sunrise New Energy 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
=	( (60.401	+	57.553)	/	2 )	/	51.344	*	365 / 4
=	58.977					/	51.344	*	365 / 4
=	104.82

Shenzhen Sunrise New Energy Co Days Payable Related Terms

Thank you for viewing the detailed overview of Shenzhen Sunrise New Energy Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenzhen Sunrise New Energy Co (SZSE:002256) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenzhen Sunrise New Energy Co Ltd (SZSE:002256) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

6th Floor, 11th Building, Kejizhong 2nd Road, Shenzhen Software Park Phase II, Hi-tech Industrial Park, Nanshan District, ShenZhen, CHN, 518057

Website

http://www.7cf.com

Shenzhen Sunrise New Energy Co Ltd operates in the chemical raw materials and chemical manufacturing. The business of the company includes environmental protection coating, green household products, and environment car care products. The products of the company include spray paint, spray lubricants, motor engine care, car wax, car cleaner, complete car care, household care, industrial care, and wall paint.

Shenzhen Sunrise New Energy Co (SZSE:002256) Headlines

No Headlines