Zhejiang Oceanking Development Co (SHSE:603213) Days Payable : 201.07 (As of Mar. 2024)

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What is Zhejiang Oceanking Development Co Days Payable?

Zhejiang Oceanking Development Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥688 Mil. Zhejiang Oceanking Development Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥312 Mil. Hence, Zhejiang Oceanking Development Co's Days Payable for the three months ended in Mar. 2024 was 201.07.

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

SHSE:603213' s Days Payable Range Over the Past 10 Years
Min: 31.74 Med: 49.73 Max: 184.16
Current: 184.16

During the past 7 years, Zhejiang Oceanking Development Co's highest Days Payable was 184.16. The lowest was 31.74. And the median was 49.73.

SHSE:603213's Days Payable is ranked better than
92.59% of 1497 companies
in the Chemicals industry
Industry Median: 60.59 vs SHSE:603213: 184.16

Zhejiang Oceanking Development Co's Days Payable increased from Mar. 2023 (179.08) to Mar. 2024 (201.07). It may suggest that Zhejiang Oceanking Development Co delayed paying its suppliers.

Zhejiang Oceanking Development Co Days Payable Historical Data

The historical data trend for Zhejiang Oceanking Development 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 Oceanking Development Co Days Payable Chart

Zhejiang Oceanking Development Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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31.74

41.53

49.73

88.62

153.34

Zhejiang Oceanking Development Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial														179.08	190.81	192.20	174.03	201.07

Competitive Comparison of Zhejiang Oceanking Development Co's Days Payable

For the Chemicals subindustry, Zhejiang Oceanking Development 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 Oceanking Development Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zhejiang Oceanking Development Co's Days Payable distribution charts can be found below:

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

Zhejiang Oceanking Development 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 Oceanking Development 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
=	( (692.327	+	757.58)	/	2 )	/	1725.6	*	365
=	724.9535					/	1725.6	*	365
=	153.34

Zhejiang Oceanking Development 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
=	( (757.58	+	617.819)	/	2 )	/	312.09	*	365 / 4
=	687.6995					/	312.09	*	365 / 4
=	201.07

Zhejiang Oceanking Development Co Days Payable Related Terms

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Zhejiang Oceanking Development Co (SHSE:603213) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Oceanking Development Co Ltd (SHSE:603213) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.655, Haitian Middle Road, Ningbo Petrochemical Economic and Technological Development Zone, Zhenhai District, Zhejiang Province, Ningbo, CHN, 315204

Website

http://www.nbocc.com

Zhejiang Oceanking Development Co Ltd is engaged in the research and development, production and sales of chlor-alkali related products.

Zhejiang Oceanking Development Co (SHSE:603213) Headlines

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