Zhejiang Weigang Technology Co (SZSE:001256) Days Payable : 132.13 (As of Mar. 2024)

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What is Zhejiang Weigang Technology Co Days Payable?

Zhejiang Weigang Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥100.3 Mil. Zhejiang Weigang Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥69.2 Mil. Hence, Zhejiang Weigang Technology Co's Days Payable for the three months ended in Mar. 2024 was 132.13.

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

SZSE:001256' s Days Payable Range Over the Past 10 Years
Min: 55.73 Med: 64.61 Max: 95.21
Current: 94.19

During the past 6 years, Zhejiang Weigang Technology Co's highest Days Payable was 95.21. The lowest was 55.73. And the median was 64.61.

SZSE:001256's Days Payable is ranked better than
59.98% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs SZSE:001256: 94.19

Zhejiang Weigang Technology Co's Days Payable increased from Mar. 2023 (81.28) to Mar. 2024 (132.13). It may suggest that Zhejiang Weigang Technology Co delayed paying its suppliers.

Zhejiang Weigang Technology Co Days Payable Historical Data

The historical data trend for Zhejiang Weigang 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 Weigang Technology Co Days Payable Chart

Zhejiang Weigang Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

55.73

61.04

62.33

66.88

95.21

Zhejiang Weigang Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial										81.28	59.21	80.53	121.91	132.13

Competitive Comparison of Zhejiang Weigang Technology Co's Days Payable

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

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

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

Zhejiang Weigang 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 Weigang 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
=	( (42.844	+	103.468)	/	2 )	/	280.462	*	365
=	73.156					/	280.462	*	365
=	95.21

Zhejiang Weigang 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
=	( (103.468	+	97.045)	/	2 )	/	69.238	*	365 / 4
=	100.2565					/	69.238	*	365 / 4
=	132.13

Zhejiang Weigang Technology Co Days Payable Related Terms

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Zhejiang Weigang Technology Co (SZSE:001256) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Weigang Technology Co Ltd (SZSE:001256) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Songqiao Industrial Zone, Pingyang County, Zhejiang Province, Wenzhou, CHN, 325409

Website

http://www.weigang.cn

Zhejiang Weigang Technology Co Ltd specialized in manufacturing narrow label printing machines and converting machines.

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