Zhejiang Zhongke Magnetic Industry Co (SZSE:301141) Days Payable : 78.42 (As of Mar. 2024)

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What is Zhejiang Zhongke Magnetic Industry Co Days Payable?

Zhejiang Zhongke Magnetic Industry Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥92.1 Mil. Zhejiang Zhongke Magnetic Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥107.2 Mil. Hence, Zhejiang Zhongke Magnetic Industry Co's Days Payable for the three months ended in Mar. 2024 was 78.42.

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

SZSE:301141' s Days Payable Range Over the Past 10 Years
Min: 54.74 Med: 71.58 Max: 88.45
Current: 85.35

During the past 6 years, Zhejiang Zhongke Magnetic Industry Co's highest Days Payable was 88.45. The lowest was 54.74. And the median was 71.58.

SZSE:301141's Days Payable is ranked better than
62.8% of 2425 companies
in the Hardware industry
Industry Median: 68.07 vs SZSE:301141: 85.35

Zhejiang Zhongke Magnetic Industry Co's Days Payable declined from Mar. 2023 (81.70) to Mar. 2024 (78.42). It may suggest that Zhejiang Zhongke Magnetic Industry Co accelerated paying its suppliers.

Zhejiang Zhongke Magnetic Industry Co Days Payable Historical Data

The historical data trend for Zhejiang Zhongke Magnetic Industry 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 Zhongke Magnetic Industry Co Days Payable Chart

Zhejiang Zhongke Magnetic Industry Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

65.96

88.45

77.20

57.63

79.02

Zhejiang Zhongke Magnetic Industry Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial										81.70	77.59	94.43	104.45	78.42

Competitive Comparison of Zhejiang Zhongke Magnetic Industry Co's Days Payable

For the Electronic Components subindustry, Zhejiang Zhongke Magnetic Industry 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 Zhongke Magnetic Industry Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Zhejiang Zhongke Magnetic Industry Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Zhongke Magnetic Industry Co's Days Payable falls into.

Zhejiang Zhongke Magnetic Industry 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 Zhongke Magnetic Industry 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
=	( (73.605	+	103.174)	/	2 )	/	408.304	*	365
=	88.3895					/	408.304	*	365
=	79.02

Zhejiang Zhongke Magnetic Industry 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
=	( (103.174	+	81.038)	/	2 )	/	107.18	*	365 / 4
=	92.106					/	107.18	*	365 / 4
=	78.42

Zhejiang Zhongke Magnetic Industry Co Days Payable Related Terms

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Zhejiang Zhongke Magnetic Industry Co (SZSE:301141) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhejiang Zhongke Magnetic Industry Co Ltd (SZSE:301141) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Hengdian Industrial Park, Zhejiang Province, Dongyang, CHN, 322118

Website

http://www.dymagnet.com

Zhejiang Zhongke Magnetic Industry Co Ltd is a high-tech enterprise engaged in the research and development, production and sales of permanent magnet materials. It simultaneously produces two types of permanent magnet materials, sintered NdFeB permanent magnet materials and permanent ferrite magnets.

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