Xuzhou Zm-Besta Heavy Steel Structure Co (BJSE:835857) Days Payable : 239.55 (As of Mar. 2024)

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What is Xuzhou Zm-Besta Heavy Steel Structure Co Days Payable?

Xuzhou Zm-Besta Heavy Steel Structure Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥325.6 Mil. Xuzhou Zm-Besta Heavy Steel Structure Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥124.0 Mil. Hence, Xuzhou Zm-Besta Heavy Steel Structure Co's Days Payable for the three months ended in Mar. 2024 was 239.55.

The historical rank and industry rank for Xuzhou Zm-Besta Heavy Steel Structure Co's Days Payable or its related term are showing as below:

BJSE:835857' s Days Payable Range Over the Past 10 Years
Min: 117.91 Med: 156.63 Max: 177.96
Current: 149.75

During the past 11 years, Xuzhou Zm-Besta Heavy Steel Structure Co's highest Days Payable was 177.96. The lowest was 117.91. And the median was 156.63.

BJSE:835857's Days Payable is ranked better than
91.47% of 586 companies
in the Steel industry
Industry Median: 41.305 vs BJSE:835857: 149.75

Xuzhou Zm-Besta Heavy Steel Structure Co's Days Payable increased from Mar. 2023 (186.15) to Mar. 2024 (239.55). It may suggest that Xuzhou Zm-Besta Heavy Steel Structure Co delayed paying its suppliers.

Xuzhou Zm-Besta Heavy Steel Structure Co Days Payable Historical Data

The historical data trend for Xuzhou Zm-Besta Heavy Steel Structure 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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Xuzhou Zm-Besta Heavy Steel Structure Co Days Payable Chart

Xuzhou Zm-Besta Heavy Steel Structure Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

177.96

157.43

155.83

159.88

Xuzhou Zm-Besta Heavy Steel Structure Co Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															186.15	120.64	136.23	151.00	239.55

Competitive Comparison of Xuzhou Zm-Besta Heavy Steel Structure Co's Days Payable

For the Steel subindustry, Xuzhou Zm-Besta Heavy Steel Structure 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.

Xuzhou Zm-Besta Heavy Steel Structure Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Xuzhou Zm-Besta Heavy Steel Structure Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Xuzhou Zm-Besta Heavy Steel Structure Co's Days Payable falls into.

Xuzhou Zm-Besta Heavy Steel Structure 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.

Xuzhou Zm-Besta Heavy Steel Structure 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
=	( (351.906	+	361.593)	/	2 )	/	814.449	*	365
=	356.7495					/	814.449	*	365
=	159.88

Xuzhou Zm-Besta Heavy Steel Structure 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
=	( (361.593	+	289.702)	/	2 )	/	124.045	*	365 / 4
=	325.6475					/	124.045	*	365 / 4
=	239.55

Xuzhou Zm-Besta Heavy Steel Structure Co Days Payable Related Terms

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Xuzhou Zm-Besta Heavy Steel Structure Co (BJSE:835857) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Xuzhou Zm-Besta Heavy Steel Structure Co Ltd (BJSE:835857) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

North of Huanghe Road and west of Beizong 1st Road, In the Third Industrial Park, Tongshan New District, Jiangsu Province, Xuzhou City, CHN, 221116

Website

http://www.zmbesta.com

Xuzhou Zm-Besta Heavy Steel Structure Co Ltd engages in the manufacture and processing of steel structure products such as heavy steel structures, light steel structures, steel grid frames, steel trusses, non-standard equipment, PC components, and lightweight high-strength new interior and exterior wall panels for prefabricated steel structure buildings, and provide customers with integrated solutions for industrial steel structure buildings and prefabricated steel structure.

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