Zhejiang Qianjiang Biochemical Co (SHSE:600796) Days Payable : 218.37 (As of Mar. 2024)

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What is Zhejiang Qianjiang Biochemical Co Days Payable?

Zhejiang Qianjiang Biochemical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥711 Mil. Zhejiang Qianjiang Biochemical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥297 Mil. Hence, Zhejiang Qianjiang Biochemical Co's Days Payable for the three months ended in Mar. 2024 was 218.37.

The historical rank and industry rank for Zhejiang Qianjiang Biochemical Co's Days Payable or its related term are showing as below:

SHSE:600796' s Days Payable Range Over the Past 10 Years
Min: 74.37 Med: 83.8 Max: 169.32
Current: 141.68

During the past 13 years, Zhejiang Qianjiang Biochemical Co's highest Days Payable was 169.32. The lowest was 74.37. And the median was 83.80.

SHSE:600796's Days Payable is ranked better than
79.4% of 233 companies
in the Agriculture industry
Industry Median: 78.58 vs SHSE:600796: 141.68

Zhejiang Qianjiang Biochemical Co's Days Payable increased from Mar. 2023 (196.86) to Mar. 2024 (218.37). It may suggest that Zhejiang Qianjiang Biochemical Co delayed paying its suppliers.

Zhejiang Qianjiang Biochemical Co Days Payable Historical Data

The historical data trend for Zhejiang Qianjiang Biochemical 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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Zhejiang Qianjiang Biochemical Co Days Payable Chart

Zhejiang Qianjiang Biochemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

74.37

118.89

169.10

142.71

169.32

Zhejiang Qianjiang Biochemical 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															196.86	126.34	150.39	110.22	218.37

Competitive Comparison of Zhejiang Qianjiang Biochemical Co's Days Payable

For the Agricultural Inputs subindustry, Zhejiang Qianjiang Biochemical 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.

Zhejiang Qianjiang Biochemical Co's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Zhejiang Qianjiang Biochemical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Qianjiang Biochemical Co's Days Payable falls into.

Zhejiang Qianjiang Biochemical 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.

Zhejiang Qianjiang Biochemical 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
=	( (661.413	+	781.764)	/	2 )	/	1555.505	*	365
=	721.5885					/	1555.505	*	365
=	169.32

Zhejiang Qianjiang Biochemical 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
=	( (781.764	+	639.257)	/	2 )	/	296.898	*	365 / 4
=	710.5105					/	296.898	*	365 / 4
=	218.37

Zhejiang Qianjiang Biochemical Co Days Payable Related Terms

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Zhejiang Qianjiang Biochemical Co (SHSE:600796) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Zhejiang Qianjiang Biochemical Co Ltd (SHSE:600796) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.178 Qianjiang West Road, Haizhou Street, Qianjiang Building, Zhejiang Province, Haining, CHN, 314400

Website

http://www.600796.com

Zhejiang Qianjiang Biochemical Co Ltd is primarily engaged in the production of bio-pesticides, bio-veterinary drugs, and biopharmaceuticals. The company's product profile includes gibberellic acid, abamectin, methylamino abamectin, validamycin, and other products.

Zhejiang Qianjiang Biochemical Co (SHSE:600796) Headlines

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