Zhejiang Jindao Technology Co (SZSE:301279) Days Payable : 207.94 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Zhejiang Jindao Technology Co Days Payable?

Zhejiang Jindao Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥309.1 Mil. Zhejiang Jindao Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥135.7 Mil. Hence, Zhejiang Jindao Technology Co's Days Payable for the three months ended in Mar. 2024 was 207.94.

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

SZSE:301279' s Days Payable Range Over the Past 10 Years
Min: 179.99 Med: 195.54 Max: 216.69
Current: 188.34

During the past 7 years, Zhejiang Jindao Technology Co's highest Days Payable was 216.69. The lowest was 179.99. And the median was 195.54.

SZSE:301279's Days Payable is ranked better than
84.91% of 2929 companies
in the Industrial Products industry
Industry Median: 76.43 vs SZSE:301279: 188.34

Zhejiang Jindao Technology Co's Days Payable declined from Mar. 2023 (216.60) to Mar. 2024 (207.94). It may suggest that Zhejiang Jindao Technology Co accelerated paying its suppliers.

Zhejiang Jindao Technology Co Days Payable Historical Data

The historical data trend for Zhejiang Jindao 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.

* Premium members only.

Zhejiang Jindao Technology Co Days Payable Chart

Zhejiang Jindao Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

203.38

193.46

183.12

210.99

216.69

Zhejiang Jindao Technology Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial														216.60	168.92	165.78	212.01	207.94

Competitive Comparison of Zhejiang Jindao Technology Co's Days Payable

For the Specialty Industrial Machinery subindustry, Zhejiang Jindao 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 Jindao Technology Co's Days Payable Distribution in the Industrial Products Industry

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

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

Zhejiang Jindao 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 Jindao 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
=	( (328.712	+	316.837)	/	2 )	/	543.686	*	365
=	322.7745					/	543.686	*	365
=	216.69

Zhejiang Jindao 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
=	( (316.837	+	301.438)	/	2 )	/	135.657	*	365 / 4
=	309.1375					/	135.657	*	365 / 4
=	207.94

Zhejiang Jindao Technology Co Days Payable Related Terms

Thank you for viewing the detailed overview of Zhejiang Jindao Technology Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhejiang Jindao Technology Co (SZSE:301279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Jindao Technology Co Ltd (SZSE:301279) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 689, Bujin Road, Keqiao District, Zhejiang Province, Shaoxing, CHN, 312000

Website

http://www.sxjindao.com

Zhejiang Jindao Technology Co Ltd is engaged in the research and development, production and sales of various types of forklifts and other industrial vehicle gearboxes.

Zhejiang Jindao Technology Co (SZSE:301279) Headlines

No Headlines