Zhejiang China Light & Textile Industrial City Group Co (SHSE:600790) Days Payable : 122.97 (As of Sep. 2024)

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What is Zhejiang China Light & Textile Industrial City Group Co Days Payable?

Zhejiang China Light & Textile Industrial City Group Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥180.8 Mil. Zhejiang China Light & Textile Industrial City Group Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥134.1 Mil. Hence, Zhejiang China Light & Textile Industrial City Group Co's Days Payable for the three months ended in Sep. 2024 was 122.97.

The historical rank and industry rank for Zhejiang China Light & Textile Industrial City Group Co's Days Payable or its related term are showing as below:

SHSE:600790' s Days Payable Range Over the Past 10 Years
Min: 44.9 Med: 81.67 Max: 152.91
Current: 112.32

During the past 13 years, Zhejiang China Light & Textile Industrial City Group Co's highest Days Payable was 152.91. The lowest was 44.90. And the median was 81.67.

SHSE:600790's Days Payable is ranked better than
53.79% of 1569 companies
in the Real Estate industry
Industry Median: 97.76 vs SHSE:600790: 112.32

Zhejiang China Light & Textile Industrial City Group Co's Days Payable increased from Sep. 2023 (109.48) to Sep. 2024 (122.97). It may suggest that Zhejiang China Light & Textile Industrial City Group Co delayed paying its suppliers.

Zhejiang China Light & Textile Industrial City Group Co Days Payable Historical Data

The historical data trend for Zhejiang China Light & Textile Industrial City 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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Zhejiang China Light & Textile Industrial City Group Co Days Payable Chart

Zhejiang China Light & Textile Industrial City Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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75.08

64.01

44.96

44.90

77.92

Zhejiang China Light & Textile Industrial City Group Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															109.48	97.61	114.98	89.79	122.97

Competitive Comparison of Zhejiang China Light & Textile Industrial City Group Co's Days Payable

For the Real Estate Services subindustry, Zhejiang China Light & Textile Industrial City 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.

Zhejiang China Light & Textile Industrial City Group Co's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Zhejiang China Light & Textile Industrial City Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang China Light & Textile Industrial City Group Co's Days Payable falls into.

Zhejiang China Light & Textile Industrial City 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.

Zhejiang China Light & Textile Industrial City 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
=	( (52.508	+	133.91)	/	2 )	/	436.633	*	365
=	93.209					/	436.633	*	365
=	77.92

Zhejiang China Light & Textile Industrial City Group Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (105.875	+	255.647)	/	2 )	/	134.139	*	365 / 4
=	180.761					/	134.139	*	365 / 4
=	122.97

Zhejiang China Light & Textile Industrial City Group Co Days Payable Related Terms

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Zhejiang China Light & Textile Industrial City Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Zhejiang China Light & Textile Industrial City Group Co Ltd (SHSE:600790) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1, Jianhu Road, Zhongguang Building, Keqiao district, Zhejiang, Shaoxing, CHN, 312030

Website

http://www.qfcgroup.com

Zhejiang China Light & Textile Industrial City Group Co Ltd is a China-based company engaged in market development and construction, market leasing, property management, warehousing, transportation services, labor services, textile materials and chemical raw materials. Its main businesses include managing market activities, logistics, financial, e-commerce and training center.

Executives

Yu Jian Miao	Supervisors
Jin Jian Shun	Director

Zhejiang China Light & Textile Industrial City Group Co Headlines

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