Zhejiang Dafeng Industry Co (SHSE:603081) Days Payable : 370.00 (As of Sep. 2024)

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What is Zhejiang Dafeng Industry Co Days Payable?

Zhejiang Dafeng Industry Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥1,459 Mil. Zhejiang Dafeng Industry Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥360 Mil. Hence, Zhejiang Dafeng Industry Co's Days Payable for the three months ended in Sep. 2024 was 370.00.

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

SHSE:603081' s Days Payable Range Over the Past 10 Years
Min: 129.44 Med: 204.74 Max: 576.68
Current: 576.68

During the past 12 years, Zhejiang Dafeng Industry Co's highest Days Payable was 576.68. The lowest was 129.44. And the median was 204.74.

SHSE:603081's Days Payable is ranked better than
95.97% of 919 companies
in the Business Services industry
Industry Median: 46.44 vs SHSE:603081: 576.68

Zhejiang Dafeng Industry Co's Days Payable increased from Sep. 2023 (329.11) to Sep. 2024 (370.00). It may suggest that Zhejiang Dafeng Industry Co delayed paying its suppliers.

Zhejiang Dafeng Industry Co Days Payable Historical Data

The historical data trend for Zhejiang Dafeng Industry 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 Dafeng Industry Co Days Payable Chart

Zhejiang Dafeng Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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215.34

217.48

229.67

278.58

395.97

Zhejiang Dafeng Industry 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															329.11	842.91	785.65	533.70	370.00

Competitive Comparison of Zhejiang Dafeng Industry Co's Days Payable

For the Specialty Business Services subindustry, Zhejiang Dafeng Industry 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 Dafeng Industry Co's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Zhejiang Dafeng Industry Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Dafeng Industry Co's Days Payable falls into.

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Zhejiang Dafeng Industry 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 Dafeng Industry 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
=	( (1526.389	+	1625.274)	/	2 )	/	1452.567	*	365
=	1575.8315					/	1452.567	*	365
=	395.97

Zhejiang Dafeng Industry 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
=	( (1488.24	+	1430.638)	/	2 )	/	359.934	*	365 / 4
=	1459.439					/	359.934	*	365 / 4
=	370.00

Zhejiang Dafeng Industry Co Days Payable Related Terms

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Zhejiang Dafeng Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zhejiang Dafeng Industry Co Ltd (SHSE:603081) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.737, Xinjian North Road, Yangming Science and Technology Industrial Park, Zhejiang Province, Yuyao, Ningbo, CHN, 315400

Website

http://www.chinadafeng.com

Zhejiang Dafeng Industry Co Ltd is a Chinese company engaged in providing culture and sports facility services. It offers stage, lighting, sound, intelligent, decoration, seating, BT construction, design, production, installation and after-sales services.

Executives

Feng Yue	Director
Feng Hua	Director
	Director
Yang Jin Sheng	Director
Chen Yi	senior management
Feng Qi Yun	Director
Zhao Hong Mei	senior management
Zhang Jin Long	senior management
Sun Ling Ling	Director
Xie Wen Jie	senior management
Xu Zhao Min	Director

Zhejiang Dafeng Industry Co Headlines

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