Shanghai Pret Composites Co (SZSE:002324) Days Payable : 136.47 (As of Mar. 2024)

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What is Shanghai Pret Composites Co Days Payable?

Shanghai Pret Composites Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,484 Mil. Shanghai Pret Composites Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,661 Mil. Hence, Shanghai Pret Composites Co's Days Payable for the three months ended in Mar. 2024 was 136.47.

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

SZSE:002324' s Days Payable Range Over the Past 10 Years
Min: 34.57 Med: 45.51 Max: 110.47
Current: 110.47

During the past 13 years, Shanghai Pret Composites Co's highest Days Payable was 110.47. The lowest was 34.57. And the median was 45.51.

SZSE:002324's Days Payable is ranked better than
80.35% of 1506 companies
in the Chemicals industry
Industry Median: 61.065 vs SZSE:002324: 110.47

Shanghai Pret Composites Co's Days Payable increased from Mar. 2023 (85.04) to Mar. 2024 (136.47). It may suggest that Shanghai Pret Composites Co delayed paying its suppliers.

Shanghai Pret Composites Co Days Payable Historical Data

The historical data trend for Shanghai Pret Composites 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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Shanghai Pret Composites Co Days Payable Chart

Shanghai Pret Composites Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

40.45

39.04

38.91

60.49

99.75

Shanghai Pret Composites 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															85.04	91.21	102.83	122.20	136.47

Competitive Comparison of Shanghai Pret Composites Co's Days Payable

For the Chemicals subindustry, Shanghai Pret Composites 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.

Shanghai Pret Composites Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shanghai Pret Composites Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai Pret Composites Co's Days Payable falls into.

Shanghai Pret Composites 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.

Shanghai Pret Composites 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
=	( (1418.709	+	2556.073)	/	2 )	/	7272.444	*	365
=	1987.391					/	7272.444	*	365
=	99.75

Shanghai Pret Composites 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
=	( (2556.073	+	2412.605)	/	2 )	/	1661.108	*	365 / 4
=	2484.339					/	1661.108	*	365 / 4
=	136.47

Shanghai Pret Composites Co Days Payable Related Terms

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Shanghai Pret Composites Co (SZSE:002324) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shanghai Pret Composites Co Ltd (SZSE:002324) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.558, Xinye Road, Qingpu Industrial Park, Shanghai, CHN, 201707

Website

http://www.pret.com.cn

Shanghai Pret Composites Co Ltd is engaged in the development, sales, and service of high-performance plastics and composites. Its products include polypropylene, Styrene series copolymers, polyamide, and other materials.

Executives

Zhou Wu	Directors, executives
Li Hong	Directors, executives
Zhang Ying	Supervisors
Zhou Wen	Directors, executives
Chu Min Hong	Directors, executives
Gao Bo	Supervisors
Cai Ying	Supervisors
Zhang Xiang Fu	Directors, executives
Li Jie	Supervisors
Bo Hai Shan	Director

Shanghai Pret Composites Co (SZSE:002324) Headlines

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