Zhangjiagang Zhonghuan Hailu High-end Equipment Co (SZSE:301040) Days Payable : 176.22 (As of Mar. 2024)

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What is Zhangjiagang Zhonghuan Hailu High-end Equipment Co Days Payable?

Zhangjiagang Zhonghuan Hailu High-end Equipment Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥297.9 Mil. Zhangjiagang Zhonghuan Hailu High-end Equipment Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥154.3 Mil. Hence, Zhangjiagang Zhonghuan Hailu High-end Equipment Co's Days Payable for the three months ended in Mar. 2024 was 176.22.

The historical rank and industry rank for Zhangjiagang Zhonghuan Hailu High-end Equipment Co's Days Payable or its related term are showing as below:

SZSE:301040' s Days Payable Range Over the Past 10 Years
Min: 76.5 Med: 102.16 Max: 260.04
Current: 175.47

During the past 9 years, Zhangjiagang Zhonghuan Hailu High-end Equipment Co's highest Days Payable was 260.04. The lowest was 76.50. And the median was 102.16.

SZSE:301040's Days Payable is ranked better than
82.46% of 2925 companies
in the Industrial Products industry
Industry Median: 76.67 vs SZSE:301040: 175.47

Zhangjiagang Zhonghuan Hailu High-end Equipment Co's Days Payable declined from Mar. 2023 (276.58) to Mar. 2024 (176.22). It may suggest that Zhangjiagang Zhonghuan Hailu High-end Equipment Co accelerated paying its suppliers.

Zhangjiagang Zhonghuan Hailu High-end Equipment Co Days Payable Historical Data

The historical data trend for Zhangjiagang Zhonghuan Hailu High-end Equipment 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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Zhangjiagang Zhonghuan Hailu High-end Equipment Co Days Payable Chart

Zhangjiagang Zhonghuan Hailu High-end Equipment Co Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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93.16

96.60

134.51

178.83

260.04

Zhangjiagang Zhonghuan Hailu High-end Equipment Co Quarterly Data
	Dec18	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															276.58	150.11	175.52	187.11	176.22

Competitive Comparison of Zhangjiagang Zhonghuan Hailu High-end Equipment Co's Days Payable

For the Metal Fabrication subindustry, Zhangjiagang Zhonghuan Hailu High-end Equipment 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.

Zhangjiagang Zhonghuan Hailu High-end Equipment Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhangjiagang Zhonghuan Hailu High-end Equipment Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhangjiagang Zhonghuan Hailu High-end Equipment Co's Days Payable falls into.

Zhangjiagang Zhonghuan Hailu High-end Equipment 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.

Zhangjiagang Zhonghuan Hailu High-end Equipment 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
=	( (529.328	+	307.197)	/	2 )	/	587.078	*	365
=	418.2625					/	587.078	*	365
=	260.04

Zhangjiagang Zhonghuan Hailu High-end Equipment 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
=	( (307.197	+	288.578)	/	2 )	/	154.251	*	365 / 4
=	297.8875					/	154.251	*	365 / 4
=	176.22

Zhangjiagang Zhonghuan Hailu High-end Equipment Co Days Payable Related Terms

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Zhangjiagang Zhonghuan Hailu High-end Equipment Co (SZSE:301040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhangjiagang Zhonghuan Hailu High-end Equipment Co Ltd (SZSE:301040) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hexing Huashan Road, Jinfeng Town, Jiangsu Province, Zhangjiagang, CHN, 215626

Website

http://www.hlduanjian.com

Zhangjiagang Zhonghuan Hailu High-end Equipment Co Ltd is engaged in the research and development, production and sales of industrial metal forgings. The company's main products include bearing forgings, flange forgings, ring gear forgings and other industrial metal forgings.

Executives

Song Ya Dong	Directors, executives
Zhang Li Ping	Supervisors
Zhu Qian Hao	Directors, executives
Dai Yu Tong	Directors, executives

Zhangjiagang Zhonghuan Hailu High-end Equipment Co (SZSE:301040) Headlines

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