Guangdong Orient Zirconic Ind Sic & Tech Co (SZSE:002167) Days Payable : 157.62 (As of Mar. 2024)

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What is Guangdong Orient Zirconic Ind Sic & Tech Co Days Payable?

Guangdong Orient Zirconic Ind Sic & Tech Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥650 Mil. Guangdong Orient Zirconic Ind Sic & Tech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥377 Mil. Hence, Guangdong Orient Zirconic Ind Sic & Tech Co's Days Payable for the three months ended in Mar. 2024 was 157.62.

The historical rank and industry rank for Guangdong Orient Zirconic Ind Sic & Tech Co's Days Payable or its related term are showing as below:

SZSE:002167' s Days Payable Range Over the Past 10 Years
Min: 44.69 Med: 92.73 Max: 200.45
Current: 200.45

During the past 13 years, Guangdong Orient Zirconic Ind Sic & Tech Co's highest Days Payable was 200.45. The lowest was 44.69. And the median was 92.73.

SZSE:002167's Days Payable is ranked better than
93.55% of 1504 companies
in the Chemicals industry
Industry Median: 60.16 vs SZSE:002167: 200.45

Guangdong Orient Zirconic Ind Sic & Tech Co's Days Payable declined from Mar. 2023 (199.73) to Mar. 2024 (157.62). It may suggest that Guangdong Orient Zirconic Ind Sic & Tech Co accelerated paying its suppliers.

Guangdong Orient Zirconic Ind Sic & Tech Co Days Payable Historical Data

The historical data trend for Guangdong Orient Zirconic Ind Sic & Tech 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.

Guangdong Orient Zirconic Ind Sic & Tech Co Days Payable Chart

Guangdong Orient Zirconic Ind Sic & Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

87.95

103.69

106.13

147.67

191.71

Guangdong Orient Zirconic Ind Sic & Tech 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															199.73	207.17	300.57	197.18	157.62

Competitive Comparison of Guangdong Orient Zirconic Ind Sic & Tech Co's Days Payable

For the Chemicals subindustry, Guangdong Orient Zirconic Ind Sic & Tech 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.

Guangdong Orient Zirconic Ind Sic & Tech Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Guangdong Orient Zirconic Ind Sic & Tech Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Guangdong Orient Zirconic Ind Sic & Tech Co's Days Payable falls into.

Guangdong Orient Zirconic Ind Sic & Tech 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.

Guangdong Orient Zirconic Ind Sic & Tech 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
=	( (611.058	+	696.05)	/	2 )	/	1244.284	*	365
=	653.554					/	1244.284	*	365
=	191.71

Guangdong Orient Zirconic Ind Sic & Tech 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
=	( (696.05	+	604.725)	/	2 )	/	376.53	*	365 / 4
=	650.3875					/	376.53	*	365 / 4
=	157.62

Guangdong Orient Zirconic Ind Sic & Tech Co Days Payable Related Terms

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Guangdong Orient Zirconic Ind Sic & Tech Co (SZSE:002167) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Orient Zirconic Ind Sic & Tech Co Ltd (SZSE:002167) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Yutian Technical Park, Laimei Road, Shantou, Guangdong, CHN, 515821

Website

http://www.orientzr.com

Guangdong Orient Zirconic Ind Sic & Tech Co Ltd operates in the chemical industry. The company is specializing in the research, development, production, and operation of zirconium products. Its main products range include zirconium dioxide, zirconium oxychloride, composite zirconia, zirconium silicate, zirconium sponge and zirconium structural parts. The product applications include nuclear power, special ceramics, artificial gemstones, ceramic glazes and advanced refractory materials.

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