JZ (Jianzhi Education Technology Group Co) Days Payable : 42.54 (As of Jun. 2024)

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What is Jianzhi Education Technology Group Co Days Payable?

Jianzhi Education Technology Group Co's average Accounts Payable for the six months ended in Jun. 2024 was $5.39 Mil. Jianzhi Education Technology Group Co's Cost of Goods Sold for the six months ended in Jun. 2024 was $23.11 Mil. Hence, Jianzhi Education Technology Group Co's Days Payable for the six months ended in Jun. 2024 was 42.54.

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

JZ' s Days Payable Range Over the Past 10 Years
Min: 8.5 Med: 23.2 Max: 30.79
Current: 30.79

During the past 5 years, Jianzhi Education Technology Group Co's highest Days Payable was 30.79. The lowest was 8.50. And the median was 23.20.

JZ's Days Payable is ranked worse than
65.29% of 2535 companies
in the Software industry
Industry Median: 49.31 vs JZ: 30.79

Jianzhi Education Technology Group Co's Days Payable increased from Jun. 2023 (5.53) to Jun. 2024 (42.54). It may suggest that Jianzhi Education Technology Group Co delayed paying its suppliers.

Jianzhi Education Technology Group Co Days Payable Historical Data

The historical data trend for Jianzhi Education Technology Group 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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Jianzhi Education Technology Group Co Days Payable Chart

Jianzhi Education Technology Group Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

24.52

24.81

23.20

12.36

8.50

Jianzhi Education Technology Group Co Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial					17.99	8.38	5.53	10.22	42.54

Competitive Comparison of Jianzhi Education Technology Group Co's Days Payable

For the Information Technology Services subindustry, Jianzhi Education Technology Group 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.

Jianzhi Education Technology Group Co's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Jianzhi Education Technology Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jianzhi Education Technology Group Co's Days Payable falls into.

Jianzhi Education Technology Group 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.

Jianzhi Education Technology Group 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
=	( (1.153	+	1.614)	/	2 )	/	59.43	*	365
=	1.3835					/	59.43	*	365
=	8.50

Jianzhi Education Technology Group 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: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (1.614	+	9.16)	/	2 )	/	23.109	*	365 / 2
=	5.387					/	23.109	*	365 / 2
=	42.54

Jianzhi Education Technology Group Co Days Payable Related Terms

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Jianzhi Education Technology Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Jianzhi Education Technology Group Co Ltd (NAS:JZ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhichun Road, 27th Floor, Tower A, Yingdu Building, Haidian District, Beijing, CHN, 100086

Website

http://www.jianzhi-jiaoyu.com

Jianzhi Education Technology Group Co Ltd engages in developing educational content to fulfill the massive demand for high-quality, professional development training resources in China. The company and its subsidiaries VIE and VIEs generate subscription revenue through selling subscriptions to online learning platforms, higher education institutions, and other institutional customers under a B2B2C model mainly through the platform of Sentu Academy; offering subscriptions concerning educational content in mobile video packages directly to end users under a B2C model through the platforms such as Fish Learning or Light Class, etc. It has two operating segments: Educational content services and other services and IT-related solution services.