Zhejiang Weixing Industrial Development Co (SZSE:002003) Days Payable : 87.94 (As of Mar. 2024)

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What is Zhejiang Weixing Industrial Development Co Days Payable?

Zhejiang Weixing Industrial Development Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥479 Mil. Zhejiang Weixing Industrial Development Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥497 Mil. Hence, Zhejiang Weixing Industrial Development Co's Days Payable for the three months ended in Mar. 2024 was 87.94.

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

SZSE:002003' s Days Payable Range Over the Past 10 Years
Min: 52.67 Med: 61.04 Max: 69.29
Current: 69.29

During the past 13 years, Zhejiang Weixing Industrial Development Co's highest Days Payable was 69.29. The lowest was 52.67. And the median was 61.04.

SZSE:002003's Days Payable is ranked better than
60.29% of 1025 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.44 vs SZSE:002003: 69.29

Zhejiang Weixing Industrial Development Co's Days Payable increased from Mar. 2023 (80.55) to Mar. 2024 (87.94). It may suggest that Zhejiang Weixing Industrial Development Co delayed paying its suppliers.

Zhejiang Weixing Industrial Development Co Days Payable Historical Data

The historical data trend for Zhejiang Weixing Industrial Development 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 Weixing Industrial Development Co Days Payable Chart

Zhejiang Weixing Industrial Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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66.48

66.82

52.67

59.62

65.54

Zhejiang Weixing Industrial Development 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															80.55	61.05	64.95	67.51	87.94

Competitive Comparison of Zhejiang Weixing Industrial Development Co's Days Payable

For the Apparel Manufacturing subindustry, Zhejiang Weixing Industrial Development 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 Weixing Industrial Development Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Weixing Industrial Development Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Weixing Industrial Development Co's Days Payable falls into.

Zhejiang Weixing Industrial Development 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 Weixing Industrial Development 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
=	( (359.309	+	469.58)	/	2 )	/	2307.939	*	365
=	414.4445					/	2307.939	*	365
=	65.54

Zhejiang Weixing Industrial Development 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
=	( (469.58	+	488.177)	/	2 )	/	496.891	*	365 / 4
=	478.8785					/	496.891	*	365 / 4
=	87.94

Zhejiang Weixing Industrial Development Co Days Payable Related Terms

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Zhejiang Weixing Industrial Development Co (SZSE:002003) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Weixing Industrial Development Co Ltd (SZSE:002003) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Garden Industrial Zone, Zhejiang Province, Linhai, CHN, 317025

Website

http://www.weixing.cn

Zhejiang Weixing Industrial Development Co Ltd is engaged in the R&D, manufacture and distribution of buttons, zippers, metal products and other clothing accessories in China.

Zhejiang Weixing Industrial Development Co (SZSE:002003) Headlines

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