Ningbo Sinyuan ZM Technology Co (SZSE:301398) Days Payable : 111.23 (As of Mar. 2024)

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What is Ningbo Sinyuan ZM Technology Co Days Payable?

Ningbo Sinyuan ZM Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥64.3 Mil. Ningbo Sinyuan ZM Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥52.8 Mil. Hence, Ningbo Sinyuan ZM Technology Co's Days Payable for the three months ended in Mar. 2024 was 111.23.

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

SZSE:301398' s Days Payable Range Over the Past 10 Years
Min: 75.42 Med: 126.08 Max: 255.14
Current: 83.67

During the past 7 years, Ningbo Sinyuan ZM Technology Co's highest Days Payable was 255.14. The lowest was 75.42. And the median was 126.08.

SZSE:301398's Days Payable is ranked better than
54.59% of 2920 companies
in the Industrial Products industry
Industry Median: 76.585 vs SZSE:301398: 83.67

Ningbo Sinyuan ZM Technology Co's Days Payable increased from Mar. 2023 (81.19) to Mar. 2024 (111.23). It may suggest that Ningbo Sinyuan ZM Technology Co delayed paying its suppliers.

Ningbo Sinyuan ZM Technology Co Days Payable Historical Data

The historical data trend for Ningbo Sinyuan ZM 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.

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Ningbo Sinyuan ZM Technology Co Days Payable Chart

Ningbo Sinyuan ZM Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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255.14

212.73

125.18

91.80

Ningbo Sinyuan ZM Technology Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial														81.19	73.58	81.13	71.02	111.23

Competitive Comparison of Ningbo Sinyuan ZM Technology Co's Days Payable

For the Metal Fabrication subindustry, Ningbo Sinyuan ZM 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.

Ningbo Sinyuan ZM Technology Co's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Ningbo Sinyuan ZM Technology Co's Days Payable falls into.

Ningbo Sinyuan ZM 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.

Ningbo Sinyuan ZM 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
=	( (52.049	+	61.906)	/	2 )	/	226.538	*	365
=	56.9775					/	226.538	*	365
=	91.80

Ningbo Sinyuan ZM 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
=	( (61.906	+	66.791)	/	2 )	/	52.788	*	365 / 4
=	64.3485					/	52.788	*	365 / 4
=	111.23

Ningbo Sinyuan ZM Technology Co Days Payable Related Terms

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Ningbo Sinyuan ZM Technology Co (SZSE:301398) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Sinyuan ZM Technology Co Ltd (SZSE:301398) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 27, Guantanghe Road, Daqi, Beilun District, Zhejiang Province, Ningbo, CHN, 315806

Website

https://www.sinyuanzm.com

Ningbo Sinyuan ZM Technology Co Ltd is engaged in the research and development, production and sales of magnesium alloy and aluminum alloy precision die-casting products and supporting die-casting molds.

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