Jiaxing ZMAX Optech Co (SHSE:688307) Days Payable : 158.53 (As of Mar. 2024)

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What is Jiaxing ZMAX Optech Co Days Payable?

Jiaxing ZMAX Optech Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥91.3 Mil. Jiaxing ZMAX Optech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥52.6 Mil. Hence, Jiaxing ZMAX Optech Co's Days Payable for the three months ended in Mar. 2024 was 158.53.

The historical rank and industry rank for Jiaxing ZMAX Optech Co's Days Payable or its related term are showing as below:

SHSE:688307' s Days Payable Range Over the Past 10 Years
Min: 123.95 Med: 196.12 Max: 292.79
Current: 123.95

During the past 5 years, Jiaxing ZMAX Optech Co's highest Days Payable was 292.79. The lowest was 123.95. And the median was 196.12.

SHSE:688307's Days Payable is ranked better than
78.58% of 2423 companies
in the Hardware industry
Industry Median: 68.07 vs SHSE:688307: 123.95

Jiaxing ZMAX Optech Co's Days Payable declined from Mar. 2023 (180.01) to Mar. 2024 (158.53). It may suggest that Jiaxing ZMAX Optech Co accelerated paying its suppliers.

Jiaxing ZMAX Optech Co Days Payable Historical Data

The historical data trend for Jiaxing ZMAX Optech 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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Jiaxing ZMAX Optech Co Days Payable Chart

Jiaxing ZMAX Optech Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

292.79

236.44

196.12

175.42

140.26

Jiaxing ZMAX Optech Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial								180.01	112.74	197.24	85.62	158.53

Competitive Comparison of Jiaxing ZMAX Optech Co's Days Payable

For the Electronic Components subindustry, Jiaxing ZMAX Optech 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.

Jiaxing ZMAX Optech Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jiaxing ZMAX Optech Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiaxing ZMAX Optech Co's Days Payable falls into.

Jiaxing ZMAX Optech 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.

Jiaxing ZMAX Optech 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
=	( (99.175	+	94.087)	/	2 )	/	251.468	*	365
=	96.631					/	251.468	*	365
=	140.26

Jiaxing ZMAX Optech 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
=	( (94.087	+	88.582)	/	2 )	/	52.571	*	365 / 4
=	91.3345					/	52.571	*	365 / 4
=	158.53

Jiaxing ZMAX Optech Co Days Payable Related Terms

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Jiaxing ZMAX Optech Co (SHSE:688307) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jiaxing ZMAX Optech Co Ltd (SHSE:688307) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 188 Taojing Road, Gaozhao Street, Xiuzhou District, Zhejiang Province, Jiaxing, CHN, 314000

Website

http://www.zmax-opt.com

Jiaxing ZMAX Optech Co Ltd is a precision optical lens product and technology development service provider. It develop various 4K/8K ultra-high-definition optics for various fields such as smart IoT, smart driving, smart terminals, smart home, and machine vision.

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