Shengtak New Material Co (SZSE:300881) Days Payable : 189.48 (As of Mar. 2024)

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What is Shengtak New Material Co Days Payable?

Shengtak New Material Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥992 Mil. Shengtak New Material Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥478 Mil. Hence, Shengtak New Material Co's Days Payable for the three months ended in Mar. 2024 was 189.48.

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

SZSE:300881' s Days Payable Range Over the Past 10 Years
Min: 133.15 Med: 174.61 Max: 201.33
Current: 156.63

During the past 13 years, Shengtak New Material Co's highest Days Payable was 201.33. The lowest was 133.15. And the median was 174.61.

SZSE:300881's Days Payable is ranked better than
92.32% of 586 companies
in the Steel industry
Industry Median: 41.325 vs SZSE:300881: 156.63

Shengtak New Material Co's Days Payable declined from Mar. 2023 (198.96) to Mar. 2024 (189.48). It may suggest that Shengtak New Material Co accelerated paying its suppliers.

Shengtak New Material Co Days Payable Historical Data

The historical data trend for Shengtak New Material 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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Shengtak New Material Co Days Payable Chart

Shengtak New Material Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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197.19

171.83

133.15

177.38

169.03

Shengtak New Material 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															198.96	165.43	154.80	136.19	189.48

Competitive Comparison of Shengtak New Material Co's Days Payable

For the Steel subindustry, Shengtak New Material 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.

Shengtak New Material Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Shengtak New Material Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shengtak New Material Co's Days Payable falls into.

Shengtak New Material 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.

Shengtak New Material 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
=	( (569.506	+	1006.732)	/	2 )	/	1701.816	*	365
=	788.119					/	1701.816	*	365
=	169.03

Shengtak New Material 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
=	( (1006.732	+	976.607)	/	2 )	/	477.58	*	365 / 4
=	991.6695					/	477.58	*	365 / 4
=	189.48

Shengtak New Material Co Days Payable Related Terms

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Shengtak New Material Co (SZSE:300881) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shengtak New Material Co Ltd (SZSE:300881) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

west of the industrial park district towns, Jiangsu Province, Changzhou, CHN, 213144

Website

http://www.shengdechina.com

Shengtak New Material Co Ltd is a manufacturer of high-end seamless tubes of carbon steel, alloy steel & stainless steel. The company manufactures rifled seamless alloy steel tubes and seamless stainless steel tubes for high-pressure boilers, petroleum cracking & fertilizer equipment, and automotive industries in China.

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