Zhong Fu Tong Group Co (SZSE:300560) Days Payable : 177.22 (As of Mar. 2024)

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What is Zhong Fu Tong Group Co Days Payable?

Zhong Fu Tong Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥590 Mil. Zhong Fu Tong Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥304 Mil. Hence, Zhong Fu Tong Group Co's Days Payable for the three months ended in Mar. 2024 was 177.22.

The historical rank and industry rank for Zhong Fu Tong Group Co's Days Payable or its related term are showing as below:

SZSE:300560' s Days Payable Range Over the Past 10 Years
Min: 50.18 Med: 99.1 Max: 282.75
Current: 189.83

During the past 13 years, Zhong Fu Tong Group Co's highest Days Payable was 282.75. The lowest was 50.18. And the median was 99.10.

SZSE:300560's Days Payable is ranked better than
75.43% of 346 companies
in the Telecommunication Services industry
Industry Median: 104.78 vs SZSE:300560: 189.83

Zhong Fu Tong Group Co's Days Payable declined from Mar. 2023 (239.43) to Mar. 2024 (177.22). It may suggest that Zhong Fu Tong Group Co accelerated paying its suppliers.

Zhong Fu Tong Group Co Days Payable Historical Data

The historical data trend for Zhong Fu Tong Group 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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Zhong Fu Tong Group Co Days Payable Chart

Zhong Fu Tong Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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90.30

153.74

238.42

282.75

204.97

Zhong Fu Tong Group 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															239.43	160.72	119.29	1,330.42	177.22

Competitive Comparison of Zhong Fu Tong Group Co's Days Payable

For the Telecom Services subindustry, Zhong Fu Tong Group 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.

Zhong Fu Tong Group Co's Days Payable Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Zhong Fu Tong Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhong Fu Tong Group Co's Days Payable falls into.

Zhong Fu Tong Group 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.

Zhong Fu Tong Group 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
=	( (624.744	+	593.212)	/	2 )	/	1084.444	*	365
=	608.978					/	1084.444	*	365
=	204.97

Zhong Fu Tong Group 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
=	( (593.212	+	586.418)	/	2 )	/	303.696	*	365 / 4
=	589.815					/	303.696	*	365 / 4
=	177.22

Zhong Fu Tong Group Co Days Payable Related Terms

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Zhong Fu Tong Group Co (SZSE:300560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Zhong Fu Tong Group Co Ltd (SZSE:300560) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Software Avenue, Tongpan Road, Software Park, No. 89, Floors 20, 21, 22, Building 4, F Zone, Gulou District, Fujian Province, Fuzhou, CHN, 350003

Website

http://www.zftii.com

Zhong Fu Tong Group Co Ltd operates in the communication technology service industry. The company is mainly engaged in the communication network construction, maintenance, and optimization services. In addition, the company also provides system solutions such as ad hoc networks, ICTs, and the Internet of Things. The company primarily serves the people's liberation army, the armed police, government functions and communications operators such as China Mobile, China Telecom, China Unicom, China Tower as well as communication equipment suppliers.

Executives

Ke Hong Hui	Director
Chen Rong Jie	Director
Huang Xiao Ming	Supervisors
Yang Wei Min	Independent director
Wang Bei Yi	Supervisors

Zhong Fu Tong Group Co (SZSE:300560) Headlines

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