Yantai Zhenghai Magnetic Material Co (SZSE:300224) Days Payable : 265.62 (As of Mar. 2024)

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

What is Yantai Zhenghai Magnetic Material Co Days Payable?

Yantai Zhenghai Magnetic Material Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,889 Mil. Yantai Zhenghai Magnetic Material Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥993 Mil. Hence, Yantai Zhenghai Magnetic Material Co's Days Payable for the three months ended in Mar. 2024 was 265.62.

The historical rank and industry rank for Yantai Zhenghai Magnetic Material Co's Days Payable or its related term are showing as below:

SZSE:300224' s Days Payable Range Over the Past 10 Years
Min: 178.48 Med: 199.28 Max: 242.18
Current: 230.43

During the past 13 years, Yantai Zhenghai Magnetic Material Co's highest Days Payable was 242.18. The lowest was 178.48. And the median was 199.28.

SZSE:300224's Days Payable is ranked better than
92.27% of 2419 companies
in the Hardware industry
Industry Median: 67.95 vs SZSE:300224: 230.43

Yantai Zhenghai Magnetic Material Co's Days Payable declined from Mar. 2023 (272.75) to Mar. 2024 (265.62). It may suggest that Yantai Zhenghai Magnetic Material Co accelerated paying its suppliers.

Yantai Zhenghai Magnetic Material Co Days Payable Historical Data

The historical data trend for Yantai Zhenghai Magnetic Material 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.

Yantai Zhenghai Magnetic Material Co Days Payable Chart

Yantai Zhenghai Magnetic Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

217.01

224.59

192.77

178.48

242.18

Yantai Zhenghai Magnetic Material 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															272.75	191.41	221.80	253.26	265.62

Competitive Comparison of Yantai Zhenghai Magnetic Material Co's Days Payable

For the Electronic Components subindustry, Yantai Zhenghai Magnetic Material 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.

Yantai Zhenghai Magnetic Material Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Yantai Zhenghai Magnetic Material Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Yantai Zhenghai Magnetic Material Co's Days Payable falls into.

Yantai Zhenghai Magnetic Material 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.

Yantai Zhenghai Magnetic Material 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
=	( (3492.116	+	2892.319)	/	2 )	/	4811.184	*	365
=	3192.2175					/	4811.184	*	365
=	242.18

Yantai Zhenghai Magnetic Material 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
=	( (2892.319	+	2886.134)	/	2 )	/	992.554	*	365 / 4
=	2889.2265					/	992.554	*	365 / 4
=	265.62

Yantai Zhenghai Magnetic Material Co Days Payable Related Terms

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

Yantai Zhenghai Magnetic Material Co (SZSE:300224) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Yantai Zhenghai Magnetic Material Co Ltd (SZSE:300224) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.22, Zhujiang Road, Yantai Economic and Technical Development Zone, Shandong, CHN, 264006

Website

http://www.zhmag.com

Yantai Zhenghai Magnetic Material Co Ltd is a China-based company engaged in the development, production, sale, and service of high-performance NdFeB permanent magnet materials. Its product is widely used in the fields of IT, automobile, petrochemical, mechanics, aerospace, mechanoelectronic and medical.

Executives

Song Kan	Directors, executives
Zhao Jun Tao	Directors, executives
Gao Bo	Executives
Peng Bu Zhuang	Executives
Wang Qing Kai	Director
Li Zhi Qiang	Directors, executives
Shi Bing Qiang	Executives
Wang Yu Lin	Executives
Wang Tao	Director
Sun Wei Nan	Securities Affairs Representative
Yu Zai Hai	Securities Affairs Representative
Mi Bo Hai	Director
Zhang Yi Ni	Director

Yantai Zhenghai Magnetic Material Co (SZSE:300224) Headlines

No Headlines