Zhejiang RIFA Precision Machinery Co (SZSE:002520) Days Payable : 94.13 (As of Mar. 2024)

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What is Zhejiang RIFA Precision Machinery Co Days Payable?

Zhejiang RIFA Precision Machinery Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥415 Mil. Zhejiang RIFA Precision Machinery Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥402 Mil. Hence, Zhejiang RIFA Precision Machinery Co's Days Payable for the three months ended in Mar. 2024 was 94.13.

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

SZSE:002520' s Days Payable Range Over the Past 10 Years
Min: 88.31 Med: 106.38 Max: 172.4
Current: 88.31

During the past 13 years, Zhejiang RIFA Precision Machinery Co's highest Days Payable was 172.40. The lowest was 88.31. And the median was 106.38.

SZSE:002520's Days Payable is ranked better than
56.81% of 2924 companies
in the Industrial Products industry
Industry Median: 76.835 vs SZSE:002520: 88.31

Zhejiang RIFA Precision Machinery Co's Days Payable declined from Mar. 2023 (123.53) to Mar. 2024 (94.13). It may suggest that Zhejiang RIFA Precision Machinery Co accelerated paying its suppliers.

Zhejiang RIFA Precision Machinery Co Days Payable Historical Data

The historical data trend for Zhejiang RIFA Precision Machinery 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 RIFA Precision Machinery Co Days Payable Chart

Zhejiang RIFA Precision Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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91.74

100.52

101.84

101.55

99.54

Zhejiang RIFA Precision Machinery 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															123.53	102.44	75.49	80.39	94.13

Competitive Comparison of Zhejiang RIFA Precision Machinery Co's Days Payable

For the Business Equipment & Supplies subindustry, Zhejiang RIFA Precision Machinery 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 RIFA Precision Machinery Co's Days Payable Distribution in the Industrial Products Industry

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

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

Zhejiang RIFA Precision Machinery 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 RIFA Precision Machinery 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
=	( (409.053	+	480.971)	/	2 )	/	1631.811	*	365
=	445.012					/	1631.811	*	365
=	99.54

Zhejiang RIFA Precision Machinery 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
=	( (480.971	+	348.906)	/	2 )	/	402.25	*	365 / 4
=	414.9385					/	402.25	*	365 / 4
=	94.13

Zhejiang RIFA Precision Machinery Co Days Payable Related Terms

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Zhejiang RIFA Precision Machinery Co (SZSE:002520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang RIFA Precision Machinery Co Ltd (SZSE:002520) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Nanyan Industry Zone, Zhejiang Province, Xinchang, CHN, 312500

Website

http://www.rifapm.com

Zhejiang RIFA Precision Machinery Co Ltd is a China-based company engaged in the manufacturing and distribution of computer numerical control (CNC) machine tools. It provides CNC lathes, CNC grinding machines, vertical machining centers, horizontal machining centers, as well as gantry machining centers, among others. It offers its products under the brand name RIFA. The company distributes its products within domestic market and to overseas markets.

Executives

Wang Ben Shan	Directors, executives
Huang Lin Jun	Supervisors
Wu Jie	Director
Wang Ji	Director
Dong Yi Guang	Supervisors

Zhejiang RIFA Precision Machinery Co (SZSE:002520) Headlines

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