Zhejiang Kingland Pipeline and Technologies Co (SZSE:002443) Days Payable : 21.84 (As of Mar. 2024)

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What is Zhejiang Kingland Pipeline and Technologies Co Days Payable?

Zhejiang Kingland Pipeline and Technologies Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥216 Mil. Zhejiang Kingland Pipeline and Technologies Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥904 Mil. Hence, Zhejiang Kingland Pipeline and Technologies Co's Days Payable for the three months ended in Mar. 2024 was 21.84.

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

SZSE:002443' s Days Payable Range Over the Past 10 Years
Min: 11.1 Med: 16.35 Max: 25.15
Current: 15.2

During the past 13 years, Zhejiang Kingland Pipeline and Technologies Co's highest Days Payable was 25.15. The lowest was 11.10. And the median was 16.35.

SZSE:002443's Days Payable is ranked worse than
84.35% of 588 companies
in the Steel industry
Industry Median: 39.865 vs SZSE:002443: 15.20

Zhejiang Kingland Pipeline and Technologies Co's Days Payable increased from Mar. 2023 (15.64) to Mar. 2024 (21.84). It may suggest that Zhejiang Kingland Pipeline and Technologies Co delayed paying its suppliers.

Zhejiang Kingland Pipeline and Technologies Co Days Payable Historical Data

The historical data trend for Zhejiang Kingland Pipeline and Technologies 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 Kingland Pipeline and Technologies Co Days Payable Chart

Zhejiang Kingland Pipeline and Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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21.93

15.48

11.10

13.23

14.30

Zhejiang Kingland Pipeline and Technologies 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															15.64	12.17	14.90	13.90	21.84

Competitive Comparison of Zhejiang Kingland Pipeline and Technologies Co's Days Payable

For the Steel subindustry, Zhejiang Kingland Pipeline and Technologies 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 Kingland Pipeline and Technologies Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Zhejiang Kingland Pipeline and Technologies Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Kingland Pipeline and Technologies Co's Days Payable falls into.

Zhejiang Kingland Pipeline and Technologies 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 Kingland Pipeline and Technologies 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
=	( (208.91	+	185.74)	/	2 )	/	5036.907	*	365
=	197.325					/	5036.907	*	365
=	14.30

Zhejiang Kingland Pipeline and Technologies 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
=	( (185.74	+	246.838)	/	2 )	/	903.757	*	365 / 4
=	216.289					/	903.757	*	365 / 4
=	21.84

Zhejiang Kingland Pipeline and Technologies Co Days Payable Related Terms

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Zhejiang Kingland Pipeline and Technologies Co (SZSE:002443) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Zhejiang Kingland Pipeline and Technologies Co Ltd (SZSE:002443) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 18, Taolin Road, Room 703, Block A, Huanqiu Guangchang, Pudong, Shanghai, CHN, 200135

Website

http://www.chinakingland.com

Zhejiang Kingland Pipeline and Technologies Co Ltd is engaged in manufacturing and sales of welded steel pipe products. Its products include SAWL Pipe, HFW Pipe, SAWH Pipe, FBE/2PE/3PE Coated Pipe, and Hot-dip galvanized pipe/Black Pipe.

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