Zhejiang Double Arrow Rubber Co (SZSE:002381) Days Payable : 145.82 (As of Mar. 2024)

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What is Zhejiang Double Arrow Rubber Co Days Payable?

Zhejiang Double Arrow Rubber Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥693 Mil. Zhejiang Double Arrow Rubber Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥433 Mil. Hence, Zhejiang Double Arrow Rubber Co's Days Payable for the three months ended in Mar. 2024 was 145.82.

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

SZSE:002381' s Days Payable Range Over the Past 10 Years
Min: 100.03 Med: 124.5 Max: 137.9
Current: 137.9

During the past 13 years, Zhejiang Double Arrow Rubber Co's highest Days Payable was 137.90. The lowest was 100.03. And the median was 124.50.

SZSE:002381's Days Payable is ranked better than
82.82% of 1263 companies
in the Vehicles & Parts industry
Industry Median: 66.92 vs SZSE:002381: 137.90

Zhejiang Double Arrow Rubber Co's Days Payable declined from Mar. 2023 (162.94) to Mar. 2024 (145.82). It may suggest that Zhejiang Double Arrow Rubber Co accelerated paying its suppliers.

Zhejiang Double Arrow Rubber Co Days Payable Historical Data

The historical data trend for Zhejiang Double Arrow Rubber 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 Double Arrow Rubber Co Days Payable Chart

Zhejiang Double Arrow Rubber Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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122.12

125.18

124.53

125.13

128.84

Zhejiang Double Arrow Rubber 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															162.94	142.68	157.17	119.10	145.82

Competitive Comparison of Zhejiang Double Arrow Rubber Co's Days Payable

For the Auto Parts subindustry, Zhejiang Double Arrow Rubber 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 Double Arrow Rubber Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zhejiang Double Arrow Rubber Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Double Arrow Rubber Co's Days Payable falls into.

Zhejiang Double Arrow Rubber 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 Double Arrow Rubber 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
=	( (740.244	+	710.203)	/	2 )	/	2054.578	*	365
=	725.2235					/	2054.578	*	365
=	128.84

Zhejiang Double Arrow Rubber 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
=	( (710.203	+	674.919)	/	2 )	/	433.387	*	365 / 4
=	692.561					/	433.387	*	365 / 4
=	145.82

Zhejiang Double Arrow Rubber Co Days Payable Related Terms

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Zhejiang Double Arrow Rubber Co (SZSE:002381) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Double Arrow Rubber Co Ltd (SZSE:002381) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Zhou Quan town Industrial Zone, Tongxiang, Zhejiang, CHN, 314513

Website

http://www.doublearrow.net

Zhejiang Double Arrow Rubber Co Ltd is engaged as manufacturer of conveyor belts. The types of conveyor belts manufactured by company are acid and alkali resistant, high temperature resistant, flame retardant, oil resistant, heat resistant, tear resistant, puncture resistant, cold resistant, energy saving, and aramid.

Executives

Shen Kai Fei	Directors, executives
Shen Geng Liang	Director
Lang Hong Feng	Executives
Yan Hong Bin	Supervisors
Shen Hui Min	Directors, executives
Yu Ming Song	Director
Shen Lin Quan	Director
Lu Xin Hui	Supervisors
Shen Hong Fa	Directors, executives
Yu Bing Ren	Supervisors
Shen Hong Ming	Supervisors
Chen Bai Song	Directors, executives
Wu Jian Qin	Directors, executives
Yu Bing Ying	Executives
Xu Zhong Wei	Securities Affairs Representative

Zhejiang Double Arrow Rubber Co (SZSE:002381) Headlines

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