Zhejiang Shuangyuan Technology Co (SHSE:688623) Days Payable : 92.99 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Zhejiang Shuangyuan Technology Co Days Payable?

Zhejiang Shuangyuan Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥48.3 Mil. Zhejiang Shuangyuan Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥47.3 Mil. Hence, Zhejiang Shuangyuan Technology Co's Days Payable for the three months ended in Mar. 2024 was 92.99.

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

SHSE:688623' s Days Payable Range Over the Past 10 Years
Min: 30.82 Med: 50.59 Max: 92.11
Current: 92.11

During the past 5 years, Zhejiang Shuangyuan Technology Co's highest Days Payable was 92.11. The lowest was 30.82. And the median was 50.59.

SHSE:688623's Days Payable is ranked better than
58.98% of 2933 companies
in the Industrial Products industry
Industry Median: 76.41 vs SHSE:688623: 92.11

Zhejiang Shuangyuan Technology Co's Days Payable increased from Mar. 2023 (84.34) to Mar. 2024 (92.99). It may suggest that Zhejiang Shuangyuan Technology Co delayed paying its suppliers.

Zhejiang Shuangyuan Technology Co Days Payable Historical Data

The historical data trend for Zhejiang Shuangyuan 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.

* Premium members only.

Zhejiang Shuangyuan Technology Co Days Payable Chart

Zhejiang Shuangyuan Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

30.82

50.59

43.85

52.17

75.11

Zhejiang Shuangyuan Technology Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial								84.34	81.60	88.96	121.66	92.99

Competitive Comparison of Zhejiang Shuangyuan Technology Co's Days Payable

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

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

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

Zhejiang Shuangyuan 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 Shuangyuan 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
=	( (42.832	+	54.037)	/	2 )	/	235.354	*	365
=	48.4345					/	235.354	*	365
=	75.11

Zhejiang Shuangyuan 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
=	( (54.037	+	42.466)	/	2 )	/	47.348	*	365 / 4
=	48.2515					/	47.348	*	365 / 4
=	92.99

Zhejiang Shuangyuan Technology Co Days Payable Related Terms

Thank you for viewing the detailed overview of Zhejiang Shuangyuan Technology Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhejiang Shuangyuan Technology Co (SHSE:688623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Shuangyuan Technology Co Ltd (SHSE:688623) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1418, Moganshan Road, Building 41-2, Zhejiang Shuangyuan Technology Building, Zhejiang Province, Hangzhou, CHN, 310015

Website

http://www.zjusy.com

Zhejiang Shuangyuan Technology Co Ltd is specialized in the research and development of online automatic measurement and control of product quality in the production process and machine vision application technology. The company mainly produces product quality automatic measurement and control systems and machine vision inspection systems, which are widely used in many industries such as new energy, metal foil materials, medical hygiene materials, films, non-woven fabric hygiene materials, papermaking, and food. worldwide.

Zhejiang Shuangyuan Technology Co (SHSE:688623) Headlines

No Headlines