Zenner Metering Technology (Shanghai) (SZSE:301303) Days Payable : 197.79 (As of Mar. 2024)

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What is Zenner Metering Technology (Shanghai) Days Payable?

Zenner Metering Technology (Shanghai)'s average Accounts Payable for the three months ended in Mar. 2024 was ¥337 Mil. Zenner Metering Technology (Shanghai)'s Cost of Goods Sold for the three months ended in Mar. 2024 was ¥156 Mil. Hence, Zenner Metering Technology (Shanghai)'s Days Payable for the three months ended in Mar. 2024 was 197.79.

The historical rank and industry rank for Zenner Metering Technology (Shanghai)'s Days Payable or its related term are showing as below:

SZSE:301303' s Days Payable Range Over the Past 10 Years
Min: 153.62 Med: 175.36 Max: 210.07
Current: 173.74

During the past 6 years, Zenner Metering Technology (Shanghai)'s highest Days Payable was 210.07. The lowest was 153.62. And the median was 175.36.

SZSE:301303's Days Payable is ranked better than
82.22% of 2936 companies
in the Industrial Products industry
Industry Median: 76.415 vs SZSE:301303: 173.74

Zenner Metering Technology (Shanghai)'s Days Payable declined from Mar. 2023 (224.20) to Mar. 2024 (197.79). It may suggest that Zenner Metering Technology (Shanghai) accelerated paying its suppliers.

Zenner Metering Technology (Shanghai) Days Payable Historical Data

The historical data trend for Zenner Metering Technology (Shanghai)'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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Zenner Metering Technology (Shanghai) Days Payable Chart

Zenner Metering Technology (Shanghai) Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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174.10

165.17

153.62

176.62

191.32

Zenner Metering Technology (Shanghai) Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											224.20	189.28	138.29	201.73	197.79

Competitive Comparison of Zenner Metering Technology (Shanghai)'s Days Payable

For the Electrical Equipment & Parts subindustry, Zenner Metering Technology (Shanghai)'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.

Zenner Metering Technology (Shanghai)'s Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zenner Metering Technology (Shanghai)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Zenner Metering Technology (Shanghai)'s Days Payable falls into.

Zenner Metering Technology (Shanghai) 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.

Zenner Metering Technology (Shanghai)'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
=	( (424.751	+	386.311)	/	2 )	/	773.677	*	365
=	405.531					/	773.677	*	365
=	191.32

Zenner Metering Technology (Shanghai)'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
=	( (386.311	+	288.132)	/	2 )	/	155.576	*	365 / 4
=	337.2215					/	155.576	*	365 / 4
=	197.79

Zenner Metering Technology (Shanghai) Days Payable Related Terms

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Zenner Metering Technology (Shanghai) (SZSE:301303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zenner Metering Technology (Shanghai) Ltd (SZSE:301303) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 6558 Yinggang East Road, Building 4, Qingpu District, Shanghai, CHN, 201703

Website

https://www.zenner-metering.com

Zenner Metering Technology (Shanghai) Ltd is engaged in the research and development, manufacture and sales of gas metering instruments and supporting products. The main products are wide-range series civil membrane gas meters and industrial and commercial membrane gas meters, NB-IoT IoT gas meters, wireless remote transmission gas meters, IC card smart gas meters, ultrasonic gas meters, ultrasonic flow meters, smart gas waist wheels Flow meter & turbine flow meter, IoT intelligent controller, bellows, ATM self-service payment system, Bluetooth smart card and iGasLink smart gas information cloud platform based on cloud service.

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