Zhejiang Narada Power Source Co (SZSE:300068) Days Payable : 193.29 (As of Sep. 2024)

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What is Zhejiang Narada Power Source Co Days Payable?

Zhejiang Narada Power Source Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥4,019 Mil. Zhejiang Narada Power Source Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥1,897 Mil. Hence, Zhejiang Narada Power Source Co's Days Payable for the three months ended in Sep. 2024 was 193.29.

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

SZSE:300068' s Days Payable Range Over the Past 10 Years
Min: 63.88 Med: 76.95 Max: 154.33
Current: 154.33

During the past 13 years, Zhejiang Narada Power Source Co's highest Days Payable was 154.33. The lowest was 63.88. And the median was 76.95.

SZSE:300068's Days Payable is ranked better than
78.67% of 2930 companies
in the Industrial Products industry
Industry Median: 75.76 vs SZSE:300068: 154.33

Zhejiang Narada Power Source Co's Days Payable increased from Sep. 2023 (173.25) to Sep. 2024 (193.29). It may suggest that Zhejiang Narada Power Source Co delayed paying its suppliers.

Zhejiang Narada Power Source Co Days Payable Historical Data

The historical data trend for Zhejiang Narada Power Source 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 Narada Power Source Co Days Payable Chart

Zhejiang Narada Power Source Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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88.68

77.68

69.18

99.28

108.73

Zhejiang Narada Power Source Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															173.25	124.41	153.31	167.45	193.29

Competitive Comparison of Zhejiang Narada Power Source Co's Days Payable

For the Electrical Equipment & Parts subindustry, Zhejiang Narada Power Source 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 Narada Power Source Co's Days Payable Distribution in the Industrial Products Industry

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

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

Zhejiang Narada Power Source 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 Narada Power Source 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
=	( (3629.118	+	4312.215)	/	2 )	/	13329.706	*	365
=	3970.6665					/	13329.706	*	365
=	108.73

Zhejiang Narada Power Source Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (4329.986	+	3708.299)	/	2 )	/	1897.416	*	365 / 4
=	4019.1425					/	1897.416	*	365 / 4
=	193.29

Zhejiang Narada Power Source Co Days Payable Related Terms

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Zhejiang Narada Power Source Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Narada Power Source Co Ltd (SZSE:300068) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.72 Jingguan Road, Qingshan Town, Lin'an Economic Development Zone, Lin'an, Zhejiang, CHN, 311305

Website

http://www.naradabattery.com.cn

Zhejiang Narada Power Source Co Ltd manufactures and supplies batteries. The company is engaged in the development, manufacturing, sales, and service of communication back up, motive power and renewable energy storage batteries and accessories. The company's product portfolio includes - Lead acid batteries of the VRLA type and Lithium-ion cells and batteries. The products are widely used in telecom, electric power, railway and other infrastructure industry.

Executives

Zhu Bao Yi	Directors, executives
Qu Yi	Directors, executives
Xiang Jia Yuan	Executives
Gao Xiu Bing	Directors, executives
Liu Cheng Hao	Executives
Wang Yue Neng	Director
Wang Ying Jiao	Directors, executives
He Wei	Director
Zhou Qing Zhi	Director
Shu Hua Ying	Supervisors
Chen Bo	Directors, executives
Wang Hai Guang	Director
Jiang Kun Ting	Director
Chen Xiang Bao	Executives
Yang Zu Wei	Securities Affairs Representative

Zhejiang Narada Power Source Co Headlines

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