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Shandong Zhangqiu Blower Co (SZSE:002598) Days Payable : 113.92 (As of Mar. 2024)


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What is Shandong Zhangqiu Blower Co Days Payable?

Shandong Zhangqiu Blower Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥405 Mil. Shandong Zhangqiu Blower Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥325 Mil. Hence, Shandong Zhangqiu Blower Co's Days Payable for the three months ended in Mar. 2024 was 113.92.

The historical rank and industry rank for Shandong Zhangqiu Blower Co's Days Payable or its related term are showing as below:

SZSE:002598' s Days Payable Range Over the Past 10 Years
Min: 88.18   Med: 124.06   Max: 206.53
Current: 103.37

During the past 13 years, Shandong Zhangqiu Blower Co's highest Days Payable was 206.53. The lowest was 88.18. And the median was 124.06.

SZSE:002598's Days Payable is ranked better than
64.21% of 2928 companies
in the Industrial Products industry
Industry Median: 76.585 vs SZSE:002598: 103.37

Shandong Zhangqiu Blower Co's Days Payable increased from Mar. 2023 (92.98) to Mar. 2024 (113.92). It may suggest that Shandong Zhangqiu Blower Co delayed paying its suppliers.


Shandong Zhangqiu Blower Co Days Payable Historical Data

The historical data trend for Shandong Zhangqiu Blower 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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Shandong Zhangqiu Blower Co Days Payable Chart

Shandong Zhangqiu Blower Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 117.75 119.31 88.18 96.00 101.47

Shandong Zhangqiu Blower 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 92.98 117.84 133.60 72.43 113.92

Competitive Comparison of Shandong Zhangqiu Blower Co's Days Payable

For the Specialty Industrial Machinery subindustry, Shandong Zhangqiu Blower 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.


Shandong Zhangqiu Blower Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shandong Zhangqiu Blower Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong Zhangqiu Blower Co's Days Payable falls into.



Shandong Zhangqiu Blower 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.

Shandong Zhangqiu Blower 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
=( (389.862 + 405.902) / 2 ) / 1431.234*365
=397.882 / 1431.234*365
=101.47

Shandong Zhangqiu Blower 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
=( (405.902 + 404.457) / 2 ) / 324.561*365 / 4
=405.1795 / 324.561*365 / 4
=113.92

* 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.


Shandong Zhangqiu Blower Co Days Payable Related Terms

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Shandong Zhangqiu Blower Co (SZSE:002598) Business Description

Traded in Other Exchanges
N/A
Address
Mingshui Economic Development Zone, Shandong Province, Zhangqiu City, CHN, 250200
Shandong Zhangqiu Blower Co Ltd operates in general equipment manufacturing industry. The products of the company include roots blowers, multi stage centrifugal blowers, and fans.
Executives
Liu Xin Quan Supervisors
Niu Yu Sheng Directors, executives
Fang Shu Peng Directors, executives
Fang Run Gang Director
Xu Chun Dong Executives
Wang Chong Pu Directors, executives
Gao Ke Supervisors
Zhang Ying Qi Directors, executives
Gao Yu Xin Directors, executives
Xi Ji Xiang Executives
Bai Ze Kui Executives
Chen Chao Secretary Dong
Liu Shi Hua Director
Zhu Wen Bo Director
Shen Neng Yao Executives

Shandong Zhangqiu Blower Co (SZSE:002598) Headlines

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