Zhejiang Yingfeng Technology Co (SHSE:605055) Days Payable : 89.67 (As of Mar. 2024)

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What is Zhejiang Yingfeng Technology Co Days Payable?

Zhejiang Yingfeng Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥278 Mil. Zhejiang Yingfeng Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥283 Mil. Hence, Zhejiang Yingfeng Technology Co's Days Payable for the three months ended in Mar. 2024 was 89.67.

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

SHSE:605055' s Days Payable Range Over the Past 10 Years
Min: 73.86 Med: 102.68 Max: 150.28
Current: 73.86

During the past 8 years, Zhejiang Yingfeng Technology Co's highest Days Payable was 150.28. The lowest was 73.86. And the median was 102.68.

SHSE:605055's Days Payable is ranked better than
63.73% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.44 vs SHSE:605055: 73.86

Zhejiang Yingfeng Technology Co's Days Payable declined from Mar. 2023 (102.64) to Mar. 2024 (89.67). It may suggest that Zhejiang Yingfeng Technology Co accelerated paying its suppliers.

Zhejiang Yingfeng Technology Co Days Payable Historical Data

The historical data trend for Zhejiang Yingfeng Technology 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 Yingfeng Technology Co Days Payable Chart

Zhejiang Yingfeng Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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104.20

142.66

101.15

94.25

77.80

Zhejiang Yingfeng Technology 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															102.64	73.87	70.12	59.68	89.67

Competitive Comparison of Zhejiang Yingfeng Technology Co's Days Payable

For the Textile Manufacturing subindustry, Zhejiang Yingfeng Technology 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 Yingfeng Technology Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Yingfeng Technology Co's Days Payable distribution charts can be found below:

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

Zhejiang Yingfeng Technology 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 Yingfeng Technology 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
=	( (300.472	+	259.533)	/	2 )	/	1313.657	*	365
=	280.0025					/	1313.657	*	365
=	77.80

Zhejiang Yingfeng Technology 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
=	( (259.533	+	295.917)	/	2 )	/	282.613	*	365 / 4
=	277.725					/	282.613	*	365 / 4
=	89.67

Zhejiang Yingfeng Technology Co Days Payable Related Terms

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Zhejiang Yingfeng Technology Co (SHSE:605055) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Yingfeng Technology Co Ltd (SHSE:605055) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 4888, Xingbin Road, Binhai Industrial Zone, Keqiao District, Zhejiang Province, Shaoxing, CHN, 312000

Website

http://www.zj-yfkj.com

Zhejiang Yingfeng Technology Co Ltd specializes in textile printing and dyeing processing business. It mainly includes two series of knitted fabric printing and dyeing and woven fabric printing and dyeing. The main processes include pretreatment, dyeing, and finishing. Textile fabrics after printing and dyeing are widely used in the fields of casual clothing, sportswear and business formal wear.

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