Guizhou Zhenhua E-chem (SHSE:688707) Days Payable : 208.70 (As of Sep. 2024)

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What is Guizhou Zhenhua E-chem Days Payable?

Guizhou Zhenhua E-chem's average Accounts Payable for the three months ended in Sep. 2024 was ¥1,279 Mil. Guizhou Zhenhua E-chem's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥559 Mil. Hence, Guizhou Zhenhua E-chem's Days Payable for the three months ended in Sep. 2024 was 208.70.

The historical rank and industry rank for Guizhou Zhenhua E-chem's Days Payable or its related term are showing as below:

SHSE:688707' s Days Payable Range Over the Past 10 Years
Min: 80.91 Med: 139.94 Max: 381.18
Current: 263.48

During the past 7 years, Guizhou Zhenhua E-chem's highest Days Payable was 381.18. The lowest was 80.91. And the median was 139.94.

SHSE:688707's Days Payable is ranked better than
96.63% of 1515 companies
in the Chemicals industry
Industry Median: 60.15 vs SHSE:688707: 263.48

Guizhou Zhenhua E-chem's Days Payable increased from Sep. 2023 (120.71) to Sep. 2024 (208.70). It may suggest that Guizhou Zhenhua E-chem delayed paying its suppliers.

Guizhou Zhenhua E-chem Days Payable Historical Data

The historical data trend for Guizhou Zhenhua E-chem'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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Guizhou Zhenhua E-chem Days Payable Chart

Guizhou Zhenhua E-chem Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

139.94

381.18

107.15

80.91

205.61

Guizhou Zhenhua E-chem Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															120.71	191.99	371.29	518.38	208.70

Competitive Comparison of Guizhou Zhenhua E-chem's Days Payable

For the Chemicals subindustry, Guizhou Zhenhua E-chem'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.

Guizhou Zhenhua E-chem's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Guizhou Zhenhua E-chem's Days Payable distribution charts can be found below:

* The bar in red indicates where Guizhou Zhenhua E-chem's Days Payable falls into.

Guizhou Zhenhua E-chem 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.

Guizhou Zhenhua E-chem'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
=	( (3779.757	+	3441.776)	/	2 )	/	6409.942	*	365
=	3610.7665					/	6409.942	*	365
=	205.61

Guizhou Zhenhua E-chem's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (1476.37	+	1080.744)	/	2 )	/	559.036	*	365 / 4
=	1278.557					/	559.036	*	365 / 4
=	208.70

Guizhou Zhenhua E-chem Days Payable Related Terms

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Guizhou Zhenhua E-chem Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guizhou Zhenhua E-chem Inc (SHSE:688707) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 1, Gaokua Road, Baiyun District, Guizhou Province, Guiyang, CHN, 550016

Website

http://www.zh-echem.com

Guizhou Zhenhua E-chem Inc is engaged in the research and development, production and sales of cathode materials for lithium-ion batteries.

Executives

Zhou Chao Yi	Core technical personnel
Xiang Qian Xin	Directors, senior managers, core technical personn
Li Lu	Core technical personnel

Guizhou Zhenhua E-chem Headlines

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