Xizang Zhufeng Resources Co (SHSE:600338) Days Payable : 278.73 (As of Mar. 2024)

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What is Xizang Zhufeng Resources Co Days Payable?

Xizang Zhufeng Resources Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥711 Mil. Xizang Zhufeng Resources Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥233 Mil. Hence, Xizang Zhufeng Resources Co's Days Payable for the three months ended in Mar. 2024 was 278.73.

The historical rank and industry rank for Xizang Zhufeng Resources Co's Days Payable or its related term are showing as below:

SHSE:600338' s Days Payable Range Over the Past 10 Years
Min: 41.5 Med: 108.07 Max: 291.1
Current: 214.23

During the past 13 years, Xizang Zhufeng Resources Co's highest Days Payable was 291.10. The lowest was 41.50. And the median was 108.07.

SHSE:600338's Days Payable is ranked better than
56.65% of 1068 companies
in the Metals & Mining industry
Industry Median: 133.65 vs SHSE:600338: 214.23

Xizang Zhufeng Resources Co's Days Payable increased from Mar. 2023 (184.99) to Mar. 2024 (278.73). It may suggest that Xizang Zhufeng Resources Co delayed paying its suppliers.

Xizang Zhufeng Resources Co Days Payable Historical Data

The historical data trend for Xizang Zhufeng Resources 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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Xizang Zhufeng Resources Co Days Payable Chart

Xizang Zhufeng Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

96.68

291.10

164.11

119.46

209.98

Xizang Zhufeng Resources 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															184.99	169.43	164.81	240.12	278.73

Competitive Comparison of Xizang Zhufeng Resources Co's Days Payable

For the Other Industrial Metals & Mining subindustry, Xizang Zhufeng Resources 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.

Xizang Zhufeng Resources Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Xizang Zhufeng Resources Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Xizang Zhufeng Resources Co's Days Payable falls into.

Xizang Zhufeng Resources 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.

Xizang Zhufeng Resources 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
=	( (447.67	+	660.666)	/	2 )	/	963.274	*	365
=	554.168					/	963.274	*	365
=	209.98

Xizang Zhufeng Resources 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
=	( (660.666	+	762.086)	/	2 )	/	232.892	*	365 / 4
=	711.376					/	232.892	*	365 / 4
=	278.73

Xizang Zhufeng Resources Co Days Payable Related Terms

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Xizang Zhufeng Resources Co (SHSE:600338) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xizang Zhufeng Resources Co Ltd (SHSE:600338) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 65, Beijing Middle Road, Tibet Autonomous Region, Lhasa, CHN, 200072

Website

http://www.xizangzhufeng.com

Tibet Summit Resources Co Ltd is a China-based company engaged in the mineral resources exploration, mining, ore processing, metal smelting, mineral products trading, and mineral resources. It is also involved in the resources and related industries investment operations and other services. The company is engaged in the activities of smelting, production, and sale of zinc, indium and other nonferrous metals. It also recycles and sells non-ferrous metal products.

Xizang Zhufeng Resources Co (SHSE:600338) Headlines

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