Changzhou Evergreen Technology Co (SZSE:001324) Days Payable : 263.49 (As of Mar. 2024)

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What is Changzhou Evergreen Technology Co Days Payable?

Changzhou Evergreen Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥153.0 Mil. Changzhou Evergreen Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥53.0 Mil. Hence, Changzhou Evergreen Technology Co's Days Payable for the three months ended in Mar. 2024 was 263.49.

The historical rank and industry rank for Changzhou Evergreen Technology Co's Days Payable or its related term are showing as below:

SZSE:001324' s Days Payable Range Over the Past 10 Years
Min: 148.53 Med: 165.93 Max: 181.81
Current: 165.81

During the past 6 years, Changzhou Evergreen Technology Co's highest Days Payable was 181.81. The lowest was 148.53. And the median was 165.93.

SZSE:001324's Days Payable is ranked better than
91.78% of 937 companies
in the Transportation industry
Industry Median: 38.78 vs SZSE:001324: 165.81

Changzhou Evergreen Technology Co's Days Payable increased from Mar. 2023 (192.10) to Mar. 2024 (263.49). It may suggest that Changzhou Evergreen Technology Co delayed paying its suppliers.

Changzhou Evergreen Technology Co Days Payable Historical Data

The historical data trend for Changzhou Evergreen Technology 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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Changzhou Evergreen Technology Co Days Payable Chart

Changzhou Evergreen Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

166.90

148.53

165.93

162.14

Changzhou Evergreen Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial									192.10	180.13	148.97	143.27	263.49

Competitive Comparison of Changzhou Evergreen Technology Co's Days Payable

For the Railroads subindustry, Changzhou Evergreen Technology 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.

Changzhou Evergreen Technology Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Changzhou Evergreen Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Changzhou Evergreen Technology Co's Days Payable falls into.

Changzhou Evergreen Technology 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.

Changzhou Evergreen Technology 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
=	( (164.208	+	169.764)	/	2 )	/	375.9	*	365
=	166.986					/	375.9	*	365
=	162.14

Changzhou Evergreen Technology 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
=	( (169.764	+	136.306)	/	2 )	/	52.999	*	365 / 4
=	153.035					/	52.999	*	365 / 4
=	263.49

Changzhou Evergreen Technology Co Days Payable Related Terms

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Changzhou Evergreen Technology Co (SZSE:001324) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Changzhou Evergreen Technology Co Ltd (SZSE:001324) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 300, Hehai West Road, Xinbei District, Jiangsu, Changzhou, CHN, 213125

Website

https://www.cetrail.com

Changzhou Evergreen Technology Co Ltd is a high-tech enterprise based on the development and application of sandwich composite materials, mainly providing supporting products and integrated solutions for the interior decoration of rail transit vehicles and building interior and exterior decoration. The company has participated in the formulation of many national and industry standards such as aluminum honeycomb panels and stone honeycomb panels, creating Many industry-leading application cases are the leading enterprises in the development and industrial application of sandwich composite materials in China.

Changzhou Evergreen Technology Co (SZSE:001324) Headlines

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