Zhejiang Jiaao Enprotech Stock Co (SHSE:603822) Days Payable : 45.45 (As of Mar. 2024)

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What is Zhejiang Jiaao Enprotech Stock Co Days Payable?

Zhejiang Jiaao Enprotech Stock Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥248 Mil. Zhejiang Jiaao Enprotech Stock Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥497 Mil. Hence, Zhejiang Jiaao Enprotech Stock Co's Days Payable for the three months ended in Mar. 2024 was 45.45.

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

SHSE:603822' s Days Payable Range Over the Past 10 Years
Min: 9.79 Med: 18.11 Max: 29.95
Current: 29.95

During the past 13 years, Zhejiang Jiaao Enprotech Stock Co's highest Days Payable was 29.95. The lowest was 9.79. And the median was 18.11.

SHSE:603822's Days Payable is ranked worse than
80.96% of 1502 companies
in the Chemicals industry
Industry Median: 60.55 vs SHSE:603822: 29.95

Zhejiang Jiaao Enprotech Stock Co's Days Payable increased from Mar. 2023 (28.00) to Mar. 2024 (45.45). It may suggest that Zhejiang Jiaao Enprotech Stock Co delayed paying its suppliers.

Zhejiang Jiaao Enprotech Stock Co Days Payable Historical Data

The historical data trend for Zhejiang Jiaao Enprotech Stock 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 Jiaao Enprotech Stock Co Days Payable Chart

Zhejiang Jiaao Enprotech Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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29.66

27.08

18.78

17.43

29.21

Zhejiang Jiaao Enprotech Stock 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															28.00	18.66	25.73	34.23	45.45

Competitive Comparison of Zhejiang Jiaao Enprotech Stock Co's Days Payable

For the Specialty Chemicals subindustry, Zhejiang Jiaao Enprotech Stock 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 Jiaao Enprotech Stock Co's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Zhejiang Jiaao Enprotech Stock Co's Days Payable falls into.

Zhejiang Jiaao Enprotech Stock 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 Jiaao Enprotech Stock 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
=	( (186.053	+	215.927)	/	2 )	/	2511.857	*	365
=	200.99					/	2511.857	*	365
=	29.21

Zhejiang Jiaao Enprotech Stock 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
=	( (215.927	+	279.353)	/	2 )	/	497.182	*	365 / 4
=	247.64					/	497.182	*	365 / 4
=	45.45

Zhejiang Jiaao Enprotech Stock Co Days Payable Related Terms

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Zhejiang Jiaao Enprotech Stock Co (SHSE:603822) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Jiaao Enprotech Stock Co Ltd (SHSE:603822) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.761 Chongfu Avenue, Economic Development Zone, Zhejiang Province, Tongxiang, CHN, 314500

Website

http://www.jiaaohuanbao.com

Zhejiang Jiaao Enprotech Stock Co Ltd is engaged in manufacturing non-toxic, environment-friendly plasticizers stabilizer products, which are widely used in PVC medical devices, Artificial utensils, car interiors, children's toys, food packaging, building materials, pipes, plastic films, plastic flooring. It offers products like dioctyl terephthalate, dioctyl adipate, dioctyl sebacate, and trioctyl trimellitate, Liquid calcium-zinc composite heat stabilizer, and Liquid calcium-zinc composite heat stabilizer.

Executives

Shen Jian	Director
Fu Jun Hong	Supervisors
Wang Yan Tao	Director

Zhejiang Jiaao Enprotech Stock Co (SHSE:603822) Headlines

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