Zhejiang Dingli Machinery Co (SHSE:603338) Days Payable : 324.54 (As of Mar. 2024)

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What is Zhejiang Dingli Machinery Co Days Payable?

Zhejiang Dingli Machinery Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥3,041 Mil. Zhejiang Dingli Machinery Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥855 Mil. Hence, Zhejiang Dingli Machinery Co's Days Payable for the three months ended in Mar. 2024 was 324.54.

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

SHSE:603338' s Days Payable Range Over the Past 10 Years
Min: 103.02 Med: 156.61 Max: 265.33
Current: 265.33

During the past 13 years, Zhejiang Dingli Machinery Co's highest Days Payable was 265.33. The lowest was 103.02. And the median was 156.61.

SHSE:603338's Days Payable is ranked better than
92.72% of 206 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 71.475 vs SHSE:603338: 265.33

Zhejiang Dingli Machinery Co's Days Payable increased from Mar. 2023 (272.43) to Mar. 2024 (324.54). It may suggest that Zhejiang Dingli Machinery Co delayed paying its suppliers.

Zhejiang Dingli Machinery Co Days Payable Historical Data

The historical data trend for Zhejiang Dingli Machinery 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 Dingli Machinery Co Days Payable Chart

Zhejiang Dingli Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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165.62

190.24

161.64

206.52

251.57

Zhejiang Dingli Machinery 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															272.43	198.66	282.37	287.65	324.54

Competitive Comparison of Zhejiang Dingli Machinery Co's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Zhejiang Dingli Machinery 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 Dingli Machinery Co's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Zhejiang Dingli Machinery Co's Days Payable distribution charts can be found below:

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

Zhejiang Dingli Machinery 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 Dingli Machinery 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
=	( (2380.823	+	2971.009)	/	2 )	/	3882.441	*	365
=	2675.916					/	3882.441	*	365
=	251.57

Zhejiang Dingli Machinery 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
=	( (2971.009	+	3111.117)	/	2 )	/	855.058	*	365 / 4
=	3041.063					/	855.058	*	365 / 4
=	324.54

Zhejiang Dingli Machinery Co Days Payable Related Terms

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Zhejiang Dingli Machinery Co (SHSE:603338) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Zhejiang Dingli Machinery Co Ltd (SHSE:603338) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.1255, Baiyun South Road, Leidian Town, Deqing, CHN, 313219

Website

http://www.chinadinli.com

Zhejiang Dingli Machinery Co Ltd is engaged in research and development, manufacturing, sales and service of various types of aerial work platforms. The company's main products cover arm, scissor and mast type with self Walking control intelligence, safety and environmental protection, large coverage. Its products are mainly used in aircraft and shipbuilding and maintenance, construction and installation, roads, bridge construction, municipal engineering, storage supermarkets and other fields.

Zhejiang Dingli Machinery Co (SHSE:603338) Headlines

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