Zhejiang Jinghua Laser Technology Co (SHSE:603607) Days Payable : 134.74 (As of Mar. 2024)

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What is Zhejiang Jinghua Laser Technology Co Days Payable?

Zhejiang Jinghua Laser Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥204.2 Mil. Zhejiang Jinghua Laser Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥138.3 Mil. Hence, Zhejiang Jinghua Laser Technology Co's Days Payable for the three months ended in Mar. 2024 was 134.74.

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

SHSE:603607' s Days Payable Range Over the Past 10 Years
Min: 104.71 Med: 116.48 Max: 141.91
Current: 138.58

During the past 11 years, Zhejiang Jinghua Laser Technology Co's highest Days Payable was 141.91. The lowest was 104.71. And the median was 116.48.

SHSE:603607's Days Payable is ranked better than
88.56% of 367 companies
in the Packaging & Containers industry
Industry Median: 59.64 vs SHSE:603607: 138.58

Zhejiang Jinghua Laser Technology Co's Days Payable increased from Mar. 2023 (132.26) to Mar. 2024 (134.74). It may suggest that Zhejiang Jinghua Laser Technology Co delayed paying its suppliers.

Zhejiang Jinghua Laser Technology Co Days Payable Historical Data

The historical data trend for Zhejiang Jinghua Laser 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 Jinghua Laser Technology Co Days Payable Chart

Zhejiang Jinghua Laser Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

104.71

113.16

105.35

123.18

141.91

Zhejiang Jinghua Laser Technology 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															132.26	196.29	172.50	96.55	134.74

Competitive Comparison of Zhejiang Jinghua Laser Technology Co's Days Payable

For the Packaging & Containers subindustry, Zhejiang Jinghua Laser 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 Jinghua Laser Technology Co's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Zhejiang Jinghua Laser Technology Co's Days Payable distribution charts can be found below:

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

Zhejiang Jinghua Laser 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 Jinghua Laser 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
=	( (197.794	+	207.291)	/	2 )	/	520.934	*	365
=	202.5425					/	520.934	*	365
=	141.91

Zhejiang Jinghua Laser 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
=	( (207.291	+	201.18)	/	2 )	/	138.317	*	365 / 4
=	204.2355					/	138.317	*	365 / 4
=	134.74

Zhejiang Jinghua Laser Technology Co Days Payable Related Terms

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Zhejiang Jinghua Laser Technology Co (SHSE:603607) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Zhejiang Jinghua Laser Technology Co Ltd (SHSE:603607) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhejiang Province High-tech Industrial Development Zone, Shaoxing, CHN, 312000

Website

http://www.sx-jhjg.com

Zhejiang Jinghua Laser Technology Co Ltd is a national high-tech enterprise specializing in the manufacture, sales and technology development of laser holographic molded products in China. Its products range include laser holographic anti-counterfeiting film and anti-counterfeiting paper. Its products are widely used in laser holographic anti-counterfeiting packaging in the fields of cigarettes, wine, cosmetics, and food.

Executives

Zhang Jian Fen	Supervisors
Yuan Jian Feng	Director
Jiang Jian Gen	senior management
Chen Jin Tong	Director
Xiong Jian Hua	Director
Xie Gao Xiang	Directors, senior managers
Sun Jian Cheng	Directors, senior managers
Qi Qi Fan	senior management
Shao Bo	senior management
Feng Yi Ping	Directors, senior managers
Feng Yi Hong	senior management
Xie Wei Dong	Supervisors
Qian Ming Jun	Director
Wang Fu Qing	Supervisors

Zhejiang Jinghua Laser Technology Co (SHSE:603607) Headlines

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