Longyan Zhuoyue New Energy Co (SHSE:688196) Days Payable : 3.90 (As of Jun. 2024)

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What is Longyan Zhuoyue New Energy Co Days Payable?

Longyan Zhuoyue New Energy Co's average Accounts Payable for the three months ended in Jun. 2024 was ¥43 Mil. Longyan Zhuoyue New Energy Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥998 Mil. Hence, Longyan Zhuoyue New Energy Co's Days Payable for the three months ended in Jun. 2024 was 3.90.

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

SHSE:688196' s Days Payable Range Over the Past 10 Years
Min: 1.89 Med: 3.69 Max: 6.34
Current: 4.95

During the past 13 years, Longyan Zhuoyue New Energy Co's highest Days Payable was 6.34. The lowest was 1.89. And the median was 3.69.

SHSE:688196's Days Payable is ranked worse than
99.07% of 1507 companies
in the Chemicals industry
Industry Median: 60.12 vs SHSE:688196: 4.95

Longyan Zhuoyue New Energy Co's Days Payable increased from Jun. 2023 (3.63) to Jun. 2024 (3.90). It may suggest that Longyan Zhuoyue New Energy Co delayed paying its suppliers.

Longyan Zhuoyue New Energy Co Days Payable Historical Data

The historical data trend for Longyan Zhuoyue 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.

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Longyan Zhuoyue New Energy Co Days Payable Chart

Longyan Zhuoyue New Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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4.29

3.66

1.89

3.32

6.34

Longyan Zhuoyue New Energy Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															3.63	4.45	11.84	4.10	3.90

Competitive Comparison of Longyan Zhuoyue New Energy Co's Days Payable

For the Specialty Chemicals subindustry, Longyan Zhuoyue 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.

Longyan Zhuoyue New Energy Co's Days Payable Distribution in the Chemicals Industry

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

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

Longyan Zhuoyue 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.

Longyan Zhuoyue 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
=	( (54.748	+	35.414)	/	2 )	/	2594.578	*	365
=	45.081					/	2594.578	*	365
=	6.34

Longyan Zhuoyue New Energy Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (37.475	+	47.776)	/	2 )	/	997.793	*	365 / 4
=	42.6255					/	997.793	*	365 / 4
=	3.90

Longyan Zhuoyue New Energy Co Days Payable Related Terms

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Longyan Zhuoyue New Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Longyan Zhuoyue New Energy Co Ltd (SHSE:688196) » Definitions » Days Payable

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Traded in Other Exchanges

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Address

Pinglin Industrial Development Zone, Tieshan, Xinluo, Fujian, Longyan, CHN, 364000

Website

http://www.zyxny.com

Longyan Zhuoyue New Energy Co Ltd is a renewable company focusing on the manufacturing of biomass products, including biodiesel of UCOME, BGME, and PME, derivative industrial glycerin, biomass plasticizers, waterborne alkyd resin, and etc.

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