Zhejiang Renzhi Co (SZSE:002629) Days Payable : 256.36 (As of Mar. 2024)

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What is Zhejiang Renzhi Co Days Payable?

Zhejiang Renzhi Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥96.0 Mil. Zhejiang Renzhi Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥34.2 Mil. Hence, Zhejiang Renzhi Co's Days Payable for the three months ended in Mar. 2024 was 256.36.

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

SZSE:002629' s Days Payable Range Over the Past 10 Years
Min: 3.37 Med: 171.9 Max: 957.86
Current: 179.17

During the past 13 years, Zhejiang Renzhi Co's highest Days Payable was 957.86. The lowest was 3.37. And the median was 171.90.

SZSE:002629's Days Payable is ranked better than
80.67% of 900 companies
in the Oil & Gas industry
Industry Median: 61.27 vs SZSE:002629: 179.17

Zhejiang Renzhi Co's Days Payable declined from Mar. 2023 (296.69) to Mar. 2024 (256.36). It may suggest that Zhejiang Renzhi Co accelerated paying its suppliers.

Zhejiang Renzhi Co Days Payable Historical Data

The historical data trend for Zhejiang Renzhi 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 Renzhi Co Days Payable Chart

Zhejiang Renzhi Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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957.86

858.06

666.27

333.54

180.82

Zhejiang Renzhi 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															296.69	174.13	156.57	159.01	256.36

Competitive Comparison of Zhejiang Renzhi Co's Days Payable

For the Oil & Gas Equipment & Services subindustry, Zhejiang Renzhi 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 Renzhi Co's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Zhejiang Renzhi Co's Days Payable distribution charts can be found below:

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

Zhejiang Renzhi 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 Renzhi 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
=	( (100.811	+	95.436)	/	2 )	/	198.069	*	365
=	98.1235					/	198.069	*	365
=	180.82

Zhejiang Renzhi 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
=	( (95.436	+	96.534)	/	2 )	/	34.166	*	365 / 4
=	95.985					/	34.166	*	365 / 4
=	256.36

Zhejiang Renzhi Co Days Payable Related Terms

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Zhejiang Renzhi Co (SZSE:002629) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Zhejiang Renzhi Co Ltd (SZSE:002629) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2180 Binhai 6th Road, Room 108, Building 1, Wenzhou Economic and Technological Development Zone, Wenzhou, CHN, 200135

Website

http://www.chinarenzhi.com

Zhejiang Renzhi Co Ltd is engaged in the oil service industry which include providing professional services like oil and gas drilling engineering field, oilfield special equipment inspection and maintenance technology.

Zhejiang Renzhi Co (SZSE:002629) Headlines

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