Zhejiang Zhongjian Technology Co (SZSE:002779) Days Payable : 101.19 (As of Mar. 2024)

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What is Zhejiang Zhongjian Technology Co Days Payable?

Zhejiang Zhongjian Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥219.7 Mil. Zhejiang Zhongjian Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥198.1 Mil. Hence, Zhejiang Zhongjian Technology Co's Days Payable for the three months ended in Mar. 2024 was 101.19.

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

SZSE:002779' s Days Payable Range Over the Past 10 Years
Min: 130.99 Med: 153.3 Max: 201.72
Current: 130.99

During the past 13 years, Zhejiang Zhongjian Technology Co's highest Days Payable was 201.72. The lowest was 130.99. And the median was 153.30.

SZSE:002779's Days Payable is ranked better than
72.78% of 2932 companies
in the Industrial Products industry
Industry Median: 76.415 vs SZSE:002779: 130.99

Zhejiang Zhongjian Technology Co's Days Payable declined from Mar. 2023 (113.95) to Mar. 2024 (101.19). It may suggest that Zhejiang Zhongjian Technology Co accelerated paying its suppliers.

Zhejiang Zhongjian Technology Co Days Payable Historical Data

The historical data trend for Zhejiang Zhongjian Technology 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 Zhongjian Technology Co Days Payable Chart

Zhejiang Zhongjian Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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195.47

201.72

144.36

153.86

137.57

Zhejiang Zhongjian Technology 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															113.95	143.59	179.78	122.60	101.19

Competitive Comparison of Zhejiang Zhongjian Technology Co's Days Payable

For the Tools & Accessories subindustry, Zhejiang Zhongjian Technology 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 Zhongjian Technology Co's Days Payable Distribution in the Industrial Products Industry

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

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

Zhejiang Zhongjian Technology 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 Zhongjian Technology 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
=	( (167.695	+	207.832)	/	2 )	/	498.157	*	365
=	187.7635					/	498.157	*	365
=	137.57

Zhejiang Zhongjian Technology 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
=	( (207.832	+	231.646)	/	2 )	/	198.145	*	365 / 4
=	219.739					/	198.145	*	365 / 4
=	101.19

Zhejiang Zhongjian Technology Co Days Payable Related Terms

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Zhejiang Zhongjian Technology Co (SZSE:002779) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Zhongjian Technology Co Ltd (SZSE:002779) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 MingYuan Nan Avenue, Economic Development Zone, Zhejiang Province, Yongkang, CHN, 321300

Website

http://www.topsunpower.cc

Zhejiang Zhongjian Technology Co Ltd is engaged in the research and development, design, manufacture, and sales of garden machinery and portable digital generators. Its products include Chainsaw, Hedge trimmer, Mounted lawn mowers, Brush cutter, Fans, Portable digital generator, and Lithium-ion products. Chain saw is used for logging and timber production. The hedge trimmer is used for garden flowers, forest conservation, tea care, and professional trimming of hedges along various roads.

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