Ningbo Zhongbai Co (SHSE:600857) Days Payable : 20.79 (As of Mar. 2024)

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What is Ningbo Zhongbai Co Days Payable?

Ningbo Zhongbai Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥59 Mil. Ningbo Zhongbai Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥261 Mil. Hence, Ningbo Zhongbai Co's Days Payable for the three months ended in Mar. 2024 was 20.79.

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

SHSE:600857' s Days Payable Range Over the Past 10 Years
Min: 23.35 Med: 39.67 Max: 55.87
Current: 28.87

During the past 13 years, Ningbo Zhongbai Co's highest Days Payable was 55.87. The lowest was 23.35. And the median was 39.67.

SHSE:600857's Days Payable is ranked worse than
77.61% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 56.64 vs SHSE:600857: 28.87

Ningbo Zhongbai Co's Days Payable increased from Mar. 2023 (20.62) to Mar. 2024 (20.79). It may suggest that Ningbo Zhongbai Co delayed paying its suppliers.

Ningbo Zhongbai Co Days Payable Historical Data

The historical data trend for Ningbo Zhongbai 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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Ningbo Zhongbai Co Days Payable Chart

Ningbo Zhongbai Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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32.04

37.78

33.83

23.88

23.35

Ningbo Zhongbai 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															20.62	24.88	37.84	45.56	20.79

Competitive Comparison of Ningbo Zhongbai Co's Days Payable

For the Department Stores subindustry, Ningbo Zhongbai 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.

Ningbo Zhongbai Co's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ningbo Zhongbai Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ningbo Zhongbai Co's Days Payable falls into.

Ningbo Zhongbai 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.

Ningbo Zhongbai 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
=	( (39.655	+	81.521)	/	2 )	/	947.213	*	365
=	60.588					/	947.213	*	365
=	23.35

Ningbo Zhongbai 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
=	( (81.521	+	37.305)	/	2 )	/	260.828	*	365 / 4
=	59.413					/	260.828	*	365 / 4
=	20.79

Ningbo Zhongbai Co Days Payable Related Terms

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Ningbo Zhongbai Co (SHSE:600857) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ningbo Zhongbai Co Ltd (SHSE:600857) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 77, Heyi Road, 21st Floor, Haishu District, Zhejiang Province, Ningbo, CHN, 315000

Website

http://www.hitsc.com

Ningbo Zhongbai Co Ltd is engaged in wholesale and retail of commercial department stores. The company's business scope includes gold, jewelry, needle textiles, clothing, cosmetics, luggage, shoes and hats, daily necessities, handicrafts, toys, culture, sporting goods and equipment, machinery and equipment, hardware, household appliances, electronic products, communication equipment, construction and decoration materials, furniture wholesale, and others.

Ningbo Zhongbai Co (SHSE:600857) Headlines

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