Zhejiang Busen Garments Co (SZSE:002569) Days Payable : 223.41 (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Zhejiang Busen Garments Co Days Payable?

Zhejiang Busen Garments Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥53.6 Mil. Zhejiang Busen Garments Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥21.9 Mil. Hence, Zhejiang Busen Garments Co's Days Payable for the three months ended in Mar. 2024 was 223.41.

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

SZSE:002569' s Days Payable Range Over the Past 10 Years
Min: 63.35 Med: 106.81 Max: 195.74
Current: 193.68

During the past 13 years, Zhejiang Busen Garments Co's highest Days Payable was 195.74. The lowest was 63.35. And the median was 106.81.

SZSE:002569's Days Payable is ranked better than
90.89% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.44 vs SZSE:002569: 193.68

Zhejiang Busen Garments Co's Days Payable increased from Mar. 2023 (178.37) to Mar. 2024 (223.41). It may suggest that Zhejiang Busen Garments Co delayed paying its suppliers.

Zhejiang Busen Garments Co Days Payable Historical Data

The historical data trend for Zhejiang Busen Garments 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.

* Premium members only.

Zhejiang Busen Garments Co Days Payable Chart

Zhejiang Busen Garments Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

91.70

108.80

111.42

195.74

165.50

Zhejiang Busen Garments 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															178.37	263.67	182.61	116.07	223.41

Competitive Comparison of Zhejiang Busen Garments Co's Days Payable

For the Apparel Manufacturing subindustry, Zhejiang Busen Garments 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 Busen Garments Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Zhejiang Busen Garments 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 Busen Garments 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
=	( (45.707	+	44.443)	/	2 )	/	99.408	*	365
=	45.075					/	99.408	*	365
=	165.50

Zhejiang Busen Garments 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
=	( (44.443	+	62.781)	/	2 )	/	21.897	*	365 / 4
=	53.612					/	21.897	*	365 / 4
=	223.41

Zhejiang Busen Garments Co Days Payable Related Terms

Thank you for viewing the detailed overview of Zhejiang Busen Garments Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhejiang Busen Garments Co (SZSE:002569) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Busen Garments Co Ltd (SZSE:002569) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

419, Busen Avenue, Fengqiao Town, Zhejiang, Zhuji, CHN, 311811

Website

http://www.busen.cn

Zhejiang Busen Garments Co Ltd is engaged in the business of design, production, and sales of men's clothing. The products of the company include shirts, suits, trousers, jackets, T-shirts, and business wear.

Zhejiang Busen Garments Co (SZSE:002569) Headlines

No Headlines