Ningbo Daye Garden Machinery Co (SZSE:300879) Days Payable : 188.42 (As of Dec. 2024)

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What is Ningbo Daye Garden Machinery Co Days Payable?

Ningbo Daye Garden Machinery Co's average Accounts Payable for the three months ended in Dec. 2024 was ¥631 Mil. Ningbo Daye Garden Machinery Co's Cost of Goods Sold for the three months ended in Dec. 2024 was ¥306 Mil. Hence, Ningbo Daye Garden Machinery Co's Days Payable for the three months ended in Dec. 2024 was 188.42.

The historical rank and industry rank for Ningbo Daye Garden Machinery Co's Days Payable or its related term are showing as below:

SZSE:300879' s Days Payable Range Over the Past 10 Years
Min: 132.41 Med: 172.09 Max: 211.97
Current: 132.41

During the past 9 years, Ningbo Daye Garden Machinery Co's highest Days Payable was 211.97. The lowest was 132.41. And the median was 172.09.

SZSE:300879's Days Payable is ranked better than
73.18% of 2946 companies
in the Industrial Products industry
Industry Median: 76.25 vs SZSE:300879: 132.41

Ningbo Daye Garden Machinery Co's Days Payable declined from Dec. 2023 (204.41) to Dec. 2024 (188.42). It may suggest that Ningbo Daye Garden Machinery Co accelerated paying its suppliers.

Ningbo Daye Garden Machinery Co Days Payable Historical Data

The historical data trend for Ningbo Daye Garden 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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Ningbo Daye Garden Machinery Co Days Payable Chart

Ningbo Daye Garden Machinery Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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205.26

146.26

179.79

211.97

143.47

Ningbo Daye Garden Machinery Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															204.41	71.62	112.21	217.28	188.42

Competitive Comparison of Ningbo Daye Garden Machinery Co's Days Payable

For the Tools & Accessories subindustry, Ningbo Daye Garden 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.

Ningbo Daye Garden Machinery Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ningbo Daye Garden Machinery Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ningbo Daye Garden Machinery Co's Days Payable falls into.

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Ningbo Daye Garden 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.

Ningbo Daye Garden Machinery Co's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (378.277	+	733.313)	/	2 )	/	1413.995	*	365
=	555.795					/	1413.995	*	365
=	143.47

Ningbo Daye Garden Machinery Co's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (529.122	+	733.313)	/	2 )	/	305.695	*	365 / 4
=	631.2175					/	305.695	*	365 / 4
=	188.42

Ningbo Daye Garden Machinery Co Days Payable Related Terms

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Ningbo Daye Garden Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Daye Garden Machinery Co Ltd (SZSE:300879) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

58 Jinfeng Road, Zhejiang Province, Yuyao, CHN, 315403

Website

http://www.dayepower.com

Ningbo Daye Garden Machinery Co Ltd is engaged in designing, manufacturing and sales of lawn mowers, lawn trimmers/brush cutters, other power machinery and accessories. The company's products include petrol lawnmowers, electric lawnmowers, electric grass trimmers, blower vacs, cultivators, snow throwers, trimmers & brush cutters, and robotic mower.

Executives

Ye Xiao Bo

Directors, executives

Ningbo Daye Garden Machinery Co Headlines

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