Zhejiang Runtu Co (SZSE:002440) Days Payable : 77.18 (As of Mar. 2024)

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What is Zhejiang Runtu Co Days Payable?

Zhejiang Runtu Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥878 Mil. Zhejiang Runtu Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,038 Mil. Hence, Zhejiang Runtu Co's Days Payable for the three months ended in Mar. 2024 was 77.18.

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

SZSE:002440' s Days Payable Range Over the Past 10 Years
Min: 80.72 Med: 96.51 Max: 112.53
Current: 106.89

During the past 13 years, Zhejiang Runtu Co's highest Days Payable was 112.53. The lowest was 80.72. And the median was 96.51.

SZSE:002440's Days Payable is ranked better than
78.75% of 1506 companies
in the Chemicals industry
Industry Median: 61.065 vs SZSE:002440: 106.89

Zhejiang Runtu Co's Days Payable declined from Mar. 2023 (122.15) to Mar. 2024 (77.18). It may suggest that Zhejiang Runtu Co accelerated paying its suppliers.

Zhejiang Runtu Co Days Payable Historical Data

The historical data trend for Zhejiang Runtu 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 Runtu Co Days Payable Chart

Zhejiang Runtu Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

98.24

103.29

84.51

80.89

85.41

Zhejiang Runtu 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															122.15	132.05	134.82	83.88	77.18

Competitive Comparison of Zhejiang Runtu Co's Days Payable

For the Specialty Chemicals subindustry, Zhejiang Runtu 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 Runtu Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zhejiang Runtu Co's Days Payable distribution charts can be found below:

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

Zhejiang Runtu 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 Runtu 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
=	( (1358.396	+	844.46)	/	2 )	/	4706.811	*	365
=	1101.428					/	4706.811	*	365
=	85.41

Zhejiang Runtu 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
=	( (844.46	+	910.966)	/	2 )	/	1037.689	*	365 / 4
=	877.713					/	1037.689	*	365 / 4
=	77.18

Zhejiang Runtu Co Days Payable Related Terms

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Zhejiang Runtu Co (SZSE:002440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Runtu Co Ltd (SZSE:002440) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

daoxu town, shangyu city, zhejiang province, CHN

Website

http://www.runtuchem.com

Zhejiang Runtu Co Ltd produces and sells disperse, reactive, direct, blended, cation, and original dyes. The company also deals in chemical intermediates, textile auxiliaries, insurance powder, sulfuric acid, chlor-alkali, and hydrogen peroxide.

Executives

Zhao Guo Sheng	Directors, executives
Ruan Jia Chun	Director
Ruan Xing Xiang	Director
Ruan Guang Dong	Directors, executives
Chen He Mei	Independent director
Zhou Cheng Yu	Executives
Xu Wan Fu	Directors, executives
Ruan Jing Bo	Director
Qi Rong Hua	Securities Affairs Representative
Luo Yi Jia	Supervisors
Han Ming Juan	Supervisors
Jing Zhe Hu	Executives
Liu Bo Ping	Securities Affairs Representative
Zhang Tian Fu	Independent director
Ruan Jia Gen	Director

Zhejiang Runtu Co (SZSE:002440) Headlines

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