Zhejiang Jiuli Hi-Tech Metals Co (SZSE:002318) Days Payable : 67.55 (As of Jun. 2024)

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What is Zhejiang Jiuli Hi-Tech Metals Co Days Payable?

Zhejiang Jiuli Hi-Tech Metals Co's average Accounts Payable for the three months ended in Jun. 2024 was ¥1,394 Mil. Zhejiang Jiuli Hi-Tech Metals Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥1,884 Mil. Hence, Zhejiang Jiuli Hi-Tech Metals Co's Days Payable for the three months ended in Jun. 2024 was 67.55.

The historical rank and industry rank for Zhejiang Jiuli Hi-Tech Metals Co's Days Payable or its related term are showing as below:

SZSE:002318' s Days Payable Range Over the Past 10 Years
Min: 38.95 Med: 71.53 Max: 90.62
Current: 68.9

During the past 13 years, Zhejiang Jiuli Hi-Tech Metals Co's highest Days Payable was 90.62. The lowest was 38.95. And the median was 71.53.

SZSE:002318's Days Payable is ranked better than
71.03% of 604 companies
in the Steel industry
Industry Median: 40.18 vs SZSE:002318: 68.90

Zhejiang Jiuli Hi-Tech Metals Co's Days Payable increased from Jun. 2023 (65.71) to Jun. 2024 (67.55). It may suggest that Zhejiang Jiuli Hi-Tech Metals Co delayed paying its suppliers.

Zhejiang Jiuli Hi-Tech Metals Co Days Payable Historical Data

The historical data trend for Zhejiang Jiuli Hi-Tech Metals 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 Jiuli Hi-Tech Metals Co Days Payable Chart

Zhejiang Jiuli Hi-Tech Metals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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55.29

69.66

73.39

90.62

76.78

Zhejiang Jiuli Hi-Tech Metals Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															65.71	65.63	73.21	74.69	67.55

Competitive Comparison of Zhejiang Jiuli Hi-Tech Metals Co's Days Payable

For the Steel subindustry, Zhejiang Jiuli Hi-Tech Metals 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 Jiuli Hi-Tech Metals Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Zhejiang Jiuli Hi-Tech Metals Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Jiuli Hi-Tech Metals Co's Days Payable falls into.

Zhejiang Jiuli Hi-Tech Metals 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 Jiuli Hi-Tech Metals 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
=	( (1280.505	+	1380.418)	/	2 )	/	6325.163	*	365
=	1330.4615					/	6325.163	*	365
=	76.78

Zhejiang Jiuli Hi-Tech Metals Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (1474.126	+	1314.826)	/	2 )	/	1883.722	*	365 / 4
=	1394.476					/	1883.722	*	365 / 4
=	67.55

Zhejiang Jiuli Hi-Tech Metals Co Days Payable Related Terms

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Zhejiang Jiuli Hi-Tech Metals Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Zhejiang Jiuli Hi-Tech Metals Co Ltd (SZSE:002318) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Zhenxi, Shuanglin Town, Zhejiang Province, Huzhou, CHN, 313012

Website

http://www.jiuli.com

Zhejiang Jiuli Hi-Tech Metals Co Ltd is a manufacturer of stainless steel. It serves civil nuclear power, electric power, oil and gas exploration, refinery, chemical and fine chemical, coal chemical, offshore engineering and shipbuilding and others.

Executives

Wang Zhang Cheng	Directors, executives
Li Zheng Zhou	Director
Yang Pei Fen	Directors, executives
Cai Li Ming	Director
Xu A Min	Directors, executives
Zhou Zhi Jiang	Director
Zheng Jie Ying	Directors, executives, representatives of securiti
Shen Xiao Gang	Supervisors
Zhang Yu Xu	Director
Su Cheng	Executives
Cai Xing Qiang	Director
Xu Wen Xin	Supervisors
Zhang Jian Xin	Director
Chen Pei Liang	Directors, executives

Zhejiang Jiuli Hi-Tech Metals Co Headlines

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