Jiangsu LiXing General Steel Ball Co (SZSE:300421) Days Payable : 84.22 (As of Mar. 2024)

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What is Jiangsu LiXing General Steel Ball Co Days Payable?

Jiangsu LiXing General Steel Ball Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥181 Mil. Jiangsu LiXing General Steel Ball Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥196 Mil. Hence, Jiangsu LiXing General Steel Ball Co's Days Payable for the three months ended in Mar. 2024 was 84.22.

The historical rank and industry rank for Jiangsu LiXing General Steel Ball Co's Days Payable or its related term are showing as below:

SZSE:300421' s Days Payable Range Over the Past 10 Years
Min: 61.55 Med: 81.02 Max: 101.9
Current: 80.06

During the past 13 years, Jiangsu LiXing General Steel Ball Co's highest Days Payable was 101.90. The lowest was 61.55. And the median was 81.02.

SZSE:300421's Days Payable is ranked better than
76.79% of 586 companies
in the Steel industry
Industry Median: 41.325 vs SZSE:300421: 80.06

Jiangsu LiXing General Steel Ball Co's Days Payable declined from Mar. 2023 (96.43) to Mar. 2024 (84.22). It may suggest that Jiangsu LiXing General Steel Ball Co accelerated paying its suppliers.

Jiangsu LiXing General Steel Ball Co Days Payable Historical Data

The historical data trend for Jiangsu LiXing General Steel Ball 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 LiXing General Steel Ball Co Days Payable Chart

Jiangsu LiXing General Steel Ball Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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83.61

85.91

89.14

101.90

92.09

Jiangsu LiXing General Steel Ball 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															96.43	75.76	83.68	78.83	84.22

Competitive Comparison of Jiangsu LiXing General Steel Ball Co's Days Payable

For the Steel subindustry, Jiangsu LiXing General Steel Ball 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 LiXing General Steel Ball Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Jiangsu LiXing General Steel Ball Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangsu LiXing General Steel Ball Co's Days Payable falls into.

Jiangsu LiXing General Steel Ball 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 LiXing General Steel Ball 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
=	( (235.114	+	180.026)	/	2 )	/	822.691	*	365
=	207.57					/	822.691	*	365
=	92.09

Jiangsu LiXing General Steel Ball 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
=	( (180.026	+	181.082)	/	2 )	/	195.635	*	365 / 4
=	180.554					/	195.635	*	365 / 4
=	84.22

Jiangsu LiXing General Steel Ball Co Days Payable Related Terms

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Jiangsu LiXing General Steel Ball Co (SZSE:300421) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jiangsu LiXing General Steel Ball Co Ltd (SZSE:300421) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 68, Xingyuan Avenue, Rugao Town, Jiangsu Province, Rugao, Jiangsu, CHN, 226500

Website

http://www.jgbr.com.cn

Jiangsu LiXing General Steel Ball Co Ltd is engaged in manufacturing of mechanical basic parts and auto parts. Its main products are high-precision bearing steel ball, precision non-sound steel ball, high-grade car special precision bearing steel ball, high-grade car wheel special steel ball, wind power generation special steel Balls.

Executives

Su Yin Jian	Supervisors
Zhao Gao Ming	Directors, executives
Wang Rong	Directors, executives
Sha Xiao Jian	Executives
Zhang Bang You	Directors, executives
Chen Fang	Executives
Wu Xiang Hui	Supervisors
Tang Guo Hua	Directors, executives
Shi Xiang Gui	Directors, executives

Jiangsu LiXing General Steel Ball Co (SZSE:300421) Headlines

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