Zhejiang Risun Intelligent Technology Co (SHSE:688215) Days Payable : 89.28 (As of Mar. 2024)

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What is Zhejiang Risun Intelligent Technology Co Days Payable?

Zhejiang Risun Intelligent Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥53.2 Mil. Zhejiang Risun Intelligent Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥54.4 Mil. Hence, Zhejiang Risun Intelligent Technology Co's Days Payable for the three months ended in Mar. 2024 was 89.28.

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

SHSE:688215' s Days Payable Range Over the Past 10 Years
Min: 46.82 Med: 74.02 Max: 184.13
Current: 76.74

During the past 10 years, Zhejiang Risun Intelligent Technology Co's highest Days Payable was 184.13. The lowest was 46.82. And the median was 74.02.

SHSE:688215's Days Payable is ranked better than
50% of 2936 companies
in the Industrial Products industry
Industry Median: 76.705 vs SHSE:688215: 76.74

Zhejiang Risun Intelligent Technology Co's Days Payable declined from Mar. 2023 (93.03) to Mar. 2024 (89.28). It may suggest that Zhejiang Risun Intelligent Technology Co accelerated paying its suppliers.

Zhejiang Risun Intelligent Technology Co Days Payable Historical Data

The historical data trend for Zhejiang Risun Intelligent 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 Risun Intelligent Technology Co Days Payable Chart

Zhejiang Risun Intelligent Technology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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74.62

184.13

135.28

87.46

73.41

Zhejiang Risun Intelligent 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															93.03	76.90	102.53	56.33	89.28

Competitive Comparison of Zhejiang Risun Intelligent Technology Co's Days Payable

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

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

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

Zhejiang Risun Intelligent 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 Risun Intelligent 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
=	( (48.048	+	54.287)	/	2 )	/	254.414	*	365
=	51.1675					/	254.414	*	365
=	73.41

Zhejiang Risun Intelligent 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
=	( (54.287	+	52.201)	/	2 )	/	54.418	*	365 / 4
=	53.244					/	54.418	*	365 / 4
=	89.28

Zhejiang Risun Intelligent Technology Co Days Payable Related Terms

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Zhejiang Risun Intelligent Technology Co (SHSE:688215) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Risun Intelligent Technology Co Ltd (SHSE:688215) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 4-18, No. 6, Jingyuan Road, Ningbo High-tech Zone, Zhejiang Province, Ningbo, CHN, 315040

Website

http://www.sunrise.com.cn

Zhejiang Risun Intelligent Technology Co Ltd is engaged in production and sales of intelligent material transfer, automated production, automated storage, automated sorting and logistics systems in industrial production. The company's main products are intelligent suspension production system, intelligent suspension warehouse sorting system, plane logistics transportation system, intelligent intersection pallet sorting machine, intelligent stereo storage system, real time data acquisition system and intelligent mobile robot (AGV), MES, WMS and other automated production equipment and logistics equipment, that are mainly applied to clothing, home textile, home, auto parts, cases, bags, shoes, baby carrier, electric business, logistics, warehousing, washing, and other industries.

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