Jiangsu Changqing Agrichemical Co (SZSE:002391) Days Payable : 95.17 (As of Mar. 2024)

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What is Jiangsu Changqing Agrichemical Co Days Payable?

Jiangsu Changqing Agrichemical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥763 Mil. Jiangsu Changqing Agrichemical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥732 Mil. Hence, Jiangsu Changqing Agrichemical Co's Days Payable for the three months ended in Mar. 2024 was 95.17.

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

SZSE:002391' s Days Payable Range Over the Past 10 Years
Min: 38.65 Med: 64.18 Max: 112.47
Current: 112.47

During the past 13 years, Jiangsu Changqing Agrichemical Co's highest Days Payable was 112.47. The lowest was 38.65. And the median was 64.18.

SZSE:002391's Days Payable is ranked better than
66.38% of 235 companies
in the Agriculture industry
Industry Median: 75.32 vs SZSE:002391: 112.47

Jiangsu Changqing Agrichemical Co's Days Payable declined from Mar. 2023 (118.71) to Mar. 2024 (95.17). It may suggest that Jiangsu Changqing Agrichemical Co accelerated paying its suppliers.

Jiangsu Changqing Agrichemical Co Days Payable Historical Data

The historical data trend for Jiangsu Changqing Agrichemical 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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Jiangsu Changqing Agrichemical Co Days Payable Chart

Jiangsu Changqing Agrichemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

52.02

69.85

72.84

90.23

102.86

Jiangsu Changqing Agrichemical 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															118.71	111.53	156.31	99.52	95.17

Competitive Comparison of Jiangsu Changqing Agrichemical Co's Days Payable

For the Agricultural Inputs subindustry, Jiangsu Changqing Agrichemical 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.

Jiangsu Changqing Agrichemical Co's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Jiangsu Changqing Agrichemical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangsu Changqing Agrichemical Co's Days Payable falls into.

Jiangsu Changqing Agrichemical 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.

Jiangsu Changqing Agrichemical 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
=	( (1039.983	+	701.29)	/	2 )	/	3089.361	*	365
=	870.6365					/	3089.361	*	365
=	102.86

Jiangsu Changqing Agrichemical 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
=	( (701.29	+	825.401)	/	2 )	/	731.941	*	365 / 4
=	763.3455					/	731.941	*	365 / 4
=	95.17

Jiangsu Changqing Agrichemical Co Days Payable Related Terms

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Jiangsu Changqing Agrichemical Co (SZSE:002391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Jiangsu Changqing Agrichemical Co Ltd (SZSE:002391) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Puto Town, Jiangsu City, Jiangsu, Jiangdu, CHN, 225218

Website

http://www.jscq.com

Jiangsu Changqing Agrichemical Co Ltd is a China-based company. It is engaged in the production of synthetic pesticides, pesticide intermediates, and other chemicals.

Executives

Xiao Gang	Securities Affairs Representative
Yu Guo Quan	Director
Huang Nan Zhang	Director
Lv Liang Zhong	Executives
Zhou Ru Xiang	Directors, executives
Zhou Xiu Lai	Supervisors
Yu Guo Qing	Director
Ji Zhi Yang	Supervisors
Ma Zhang Qing	Directors, executives
Sun Xia Lin	Executives
Du Gang	Executives
Kong Qing Zhu	Executives
Zhao Ting	Securities Affairs Representative

Jiangsu Changqing Agrichemical Co (SZSE:002391) Headlines

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