Zhuzhou Smelter Group Co (SHSE:600961) Days Payable : 19.30 (As of Mar. 2024)

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What is Zhuzhou Smelter Group Co Days Payable?

Zhuzhou Smelter Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥853 Mil. Zhuzhou Smelter Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,034 Mil. Hence, Zhuzhou Smelter Group Co's Days Payable for the three months ended in Mar. 2024 was 19.30.

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

SHSE:600961' s Days Payable Range Over the Past 10 Years
Min: 11.06 Med: 16.95 Max: 29.92
Current: 21.23

During the past 13 years, Zhuzhou Smelter Group Co's highest Days Payable was 29.92. The lowest was 11.06. And the median was 16.95.

SHSE:600961's Days Payable is ranked worse than
91.29% of 1068 companies
in the Metals & Mining industry
Industry Median: 130.44 vs SHSE:600961: 21.23

Zhuzhou Smelter Group Co's Days Payable declined from Mar. 2023 (26.94) to Mar. 2024 (19.30). It may suggest that Zhuzhou Smelter Group Co accelerated paying its suppliers.

Zhuzhou Smelter Group Co Days Payable Historical Data

The historical data trend for Zhuzhou Smelter 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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Zhuzhou Smelter Group Co Days Payable Chart

Zhuzhou Smelter Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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29.92

23.14

17.87

19.47

21.05

Zhuzhou Smelter Group 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															26.94	23.11	21.81	19.65	19.30

Competitive Comparison of Zhuzhou Smelter Group Co's Days Payable

For the Other Industrial Metals & Mining subindustry, Zhuzhou Smelter 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.

Zhuzhou Smelter Group Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Zhuzhou Smelter Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhuzhou Smelter Group Co's Days Payable falls into.

Zhuzhou Smelter 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.

Zhuzhou Smelter 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
=	( (1151.179	+	895.734)	/	2 )	/	17750.124	*	365
=	1023.4565					/	17750.124	*	365
=	21.05

Zhuzhou Smelter Group 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
=	( (895.734	+	811.163)	/	2 )	/	4034.202	*	365 / 4
=	853.4485					/	4034.202	*	365 / 4
=	19.30

Zhuzhou Smelter Group Co Days Payable Related Terms

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Zhuzhou Smelter Group Co (SHSE:600961) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zhuzhou Smelter Group Co Ltd (SHSE:600961) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Qingshuitang, Shifeng District, Hunan Province, Zhuzhou, CHN, 412007

Website

http://www.torchcn.com

Zhuzhou Smelter Group Co Ltd produces and sells lead, zinc, and alloy products in China. Further, the group comprehensively recovers various rare metals such as copper, gold, silver, antimony, cadmium, indium and antimony and sulfuric acid. Geographically it operates through the region of China.

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