Jinlong Machinery & Electronic Co (SZSE:300032) Days Payable : 145.27 (As of Mar. 2024)

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What is Jinlong Machinery & Electronic Co Days Payable?

Jinlong Machinery & Electronic Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥388 Mil. Jinlong Machinery & Electronic Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥243 Mil. Hence, Jinlong Machinery & Electronic Co's Days Payable for the three months ended in Mar. 2024 was 145.27.

The historical rank and industry rank for Jinlong Machinery & Electronic Co's Days Payable or its related term are showing as below:

SZSE:300032' s Days Payable Range Over the Past 10 Years
Min: 75.94 Med: 96.8 Max: 134.38
Current: 114.9

During the past 13 years, Jinlong Machinery & Electronic Co's highest Days Payable was 134.38. The lowest was 75.94. And the median was 96.80.

SZSE:300032's Days Payable is ranked better than
67.95% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs SZSE:300032: 114.90

Jinlong Machinery & Electronic Co's Days Payable increased from Mar. 2023 (131.36) to Mar. 2024 (145.27). It may suggest that Jinlong Machinery & Electronic Co delayed paying its suppliers.

Jinlong Machinery & Electronic Co Days Payable Historical Data

The historical data trend for Jinlong Machinery & Electronic 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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Jinlong Machinery & Electronic Co Days Payable Chart

Jinlong Machinery & Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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96.13

94.06

107.46

96.77

134.10

Jinlong Machinery & Electronic 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															131.36	106.68	105.95	115.78	145.27

Competitive Comparison of Jinlong Machinery & Electronic Co's Days Payable

For the Specialty Industrial Machinery subindustry, Jinlong Machinery & Electronic 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.

Jinlong Machinery & Electronic Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jinlong Machinery & Electronic Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jinlong Machinery & Electronic Co's Days Payable falls into.

Jinlong Machinery & Electronic 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.

Jinlong Machinery & Electronic 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
=	( (1352.886	+	434.795)	/	2 )	/	2432.839	*	365
=	893.8405					/	2432.839	*	365
=	134.10

Jinlong Machinery & Electronic 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
=	( (434.795	+	340.493)	/	2 )	/	243.498	*	365 / 4
=	387.644					/	243.498	*	365 / 4
=	145.27

Jinlong Machinery & Electronic Co Days Payable Related Terms

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Jinlong Machinery & Electronic Co (SZSE:300032) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jinlong Machinery & Electronic Co Ltd (SZSE:300032) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jinlong Science & Technology Park, Jin Gang Avenue, Baixiang, Yueqing (Wenzhou), CHN, 325603

Website

http://www.kotl.com.cn

Jinlong Machinery & Electronic Co Ltd engaged in electrical machinery and equipment manufacturing. The products of the company include motors, coin type vibrator, and solid motors.

Executives

Dai Ming Feng	Director
Jin Shao Ping	Director
Chen Jing Hua	Supervisors
Huang Juan	Directors, Directors, and Executives
Jin Mei Ou	Directors, executives
Chen Yu Qiang	Executives
Huang Yong Xian	Directors, executives

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