Zhejiang Yaguang Technology Co (SHSE:603282) Days Payable : 92.95 (As of Mar. 2024)

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What is Zhejiang Yaguang Technology Co Days Payable?

Zhejiang Yaguang Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥137.1 Mil. Zhejiang Yaguang Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥134.6 Mil. Hence, Zhejiang Yaguang Technology Co's Days Payable for the three months ended in Mar. 2024 was 92.95.

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

SHSE:603282' s Days Payable Range Over the Past 10 Years
Min: 67.39 Med: 88.16 Max: 106.09
Current: 106.09

During the past 6 years, Zhejiang Yaguang Technology Co's highest Days Payable was 106.09. The lowest was 67.39. And the median was 88.16.

SHSE:603282's Days Payable is ranked better than
65.1% of 2928 companies
in the Industrial Products industry
Industry Median: 76.585 vs SHSE:603282: 106.09

Zhejiang Yaguang Technology Co's Days Payable declined from Mar. 2023 (108.06) to Mar. 2024 (92.95). It may suggest that Zhejiang Yaguang Technology Co accelerated paying its suppliers.

Zhejiang Yaguang Technology Co Days Payable Historical Data

The historical data trend for Zhejiang Yaguang Technology 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 Yaguang Technology Co Days Payable Chart

Zhejiang Yaguang Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

85.04

67.39

84.45

91.27

99.32

Zhejiang Yaguang Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial									108.06	111.79	110.94	112.42	92.95

Competitive Comparison of Zhejiang Yaguang Technology Co's Days Payable

For the Specialty Industrial Machinery subindustry, Zhejiang Yaguang Technology 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 Yaguang Technology Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Yaguang Technology Co's Days Payable distribution charts can be found below:

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

Zhejiang Yaguang Technology 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 Yaguang Technology 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
=	( (204.635	+	147.864)	/	2 )	/	647.71	*	365
=	176.2495					/	647.71	*	365
=	99.32

Zhejiang Yaguang Technology 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
=	( (147.864	+	126.408)	/	2 )	/	134.624	*	365 / 4
=	137.136					/	134.624	*	365 / 4
=	92.95

Zhejiang Yaguang Technology Co Days Payable Related Terms

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Zhejiang Yaguang Technology Co (SHSE:603282) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Yaguang Technology Co Ltd (SHSE:603282) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4525, Binhai 3rd Road, Binhai Park, Economic and Technological Development Zone, Zhejiang Province, Wenzhou, CHN, 325025

Website

http://www.china-yaguang.com

Zhejiang Yaguang Technology Co Ltd is engaged in the research and development, production and sales of equipment for evaporation, crystallization, filtration, cleaning, drying, and organic solvent distillation in various industrial fields.

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