Zhejiang Ronnie Precision Machine Co (BJSE:873223) Days Payable : 135.67 (As of Jun. 2024)

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What is Zhejiang Ronnie Precision Machine Co Days Payable?

Zhejiang Ronnie Precision Machine Co's average Accounts Payable for the three months ended in Jun. 2024 was ¥83.4 Mil. Zhejiang Ronnie Precision Machine Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥56.1 Mil. Hence, Zhejiang Ronnie Precision Machine Co's Days Payable for the three months ended in Jun. 2024 was 135.67.

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

BJSE:873223' s Days Payable Range Over the Past 10 Years
Min: 82.38 Med: 96.11 Max: 152.83
Current: 125.49

During the past 8 years, Zhejiang Ronnie Precision Machine Co's highest Days Payable was 152.83. The lowest was 82.38. And the median was 96.11.

BJSE:873223's Days Payable is ranked better than
71.75% of 2945 companies
in the Industrial Products industry
Industry Median: 75.44 vs BJSE:873223: 125.49

Zhejiang Ronnie Precision Machine Co's Days Payable declined from Jun. 2023 (148.82) to Jun. 2024 (135.67). It may suggest that Zhejiang Ronnie Precision Machine Co accelerated paying its suppliers.

Zhejiang Ronnie Precision Machine Co Days Payable Historical Data

The historical data trend for Zhejiang Ronnie Precision Machine 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 Ronnie Precision Machine Co Days Payable Chart

Zhejiang Ronnie Precision Machine Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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82.38

90.84

102.52

143.19

152.83

Zhejiang Ronnie Precision Machine Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															148.82	112.26	120.93	144.71	135.67

Competitive Comparison of Zhejiang Ronnie Precision Machine Co's Days Payable

For the Tools & Accessories subindustry, Zhejiang Ronnie Precision Machine 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 Ronnie Precision Machine Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Ronnie Precision Machine Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Ronnie Precision Machine Co's Days Payable falls into.

Zhejiang Ronnie Precision Machine 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 Ronnie Precision Machine 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
=	( (82.596	+	95.228)	/	2 )	/	212.349	*	365
=	88.912					/	212.349	*	365
=	152.83

Zhejiang Ronnie Precision Machine Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (83.669	+	83.12)	/	2 )	/	56.09	*	365 / 4
=	83.3945					/	56.09	*	365 / 4
=	135.67

Zhejiang Ronnie Precision Machine Co Days Payable Related Terms

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Zhejiang Ronnie Precision Machine Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Ronnie Precision Machine Co Ltd (BJSE:873223) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 336, Xinxing Section, Yanjia Road, Wanghai Street, Haiyan County, Zhejiang Province, Jiaxing City, CHN, 314317

Website

http://www.ronnie.com.cn

Zhejiang Ronnie Precision Machine Co Ltd engages in the manufacturing and sales of precision metal parts such as precision fasteners, connectors, and structural parts. Its product categories comprise Turning parts, Cold forging parts, Stamping parts, Hard copper aluminum bars, Soft copper aluminum bars, and Custom fasteners.

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