Wang- Zheng Bhd (XKLS:7203) Days Payable : 8.66 (As of Sep. 2024)

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What is Wang- Zheng Bhd Days Payable?

Wang- Zheng Bhd's average Accounts Payable for the three months ended in Sep. 2024 was RM6.8 Mil. Wang- Zheng Bhd's Cost of Goods Sold for the three months ended in Sep. 2024 was RM71.9 Mil. Hence, Wang- Zheng Bhd's Days Payable for the three months ended in Sep. 2024 was 8.66.

The historical rank and industry rank for Wang- Zheng Bhd's Days Payable or its related term are showing as below:

XKLS:7203' s Days Payable Range Over the Past 10 Years
Min: 8.41 Med: 10.85 Max: 13.09
Current: 8.8

During the past 13 years, Wang- Zheng Bhd's highest Days Payable was 13.09. The lowest was 8.41. And the median was 10.85.

XKLS:7203's Days Payable is ranked worse than
97.83% of 277 companies
in the Forest Products industry
Industry Median: 57.49 vs XKLS:7203: 8.80

Wang- Zheng Bhd's Days Payable declined from Sep. 2023 (10.33) to Sep. 2024 (8.66). It may suggest that Wang- Zheng Bhd accelerated paying its suppliers.

Wang- Zheng Bhd Days Payable Historical Data

The historical data trend for Wang- Zheng Bhd'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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Wang- Zheng Bhd Days Payable Chart

Wang- Zheng Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

11.49

12.53

12.73

9.77

9.26

Wang- Zheng Bhd Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															10.33	8.15	8.88	10.73	8.66

Competitive Comparison of Wang- Zheng Bhd's Days Payable

For the Paper & Paper Products subindustry, Wang- Zheng Bhd'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.

Wang- Zheng Bhd's Days Payable Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Wang- Zheng Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where Wang- Zheng Bhd's Days Payable falls into.

Wang- Zheng Bhd 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.

Wang- Zheng Bhd'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
=	( (7.187	+	5.687)	/	2 )	/	253.726	*	365
=	6.437					/	253.726	*	365
=	9.26

Wang- Zheng Bhd's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (9.418	+	4.221)	/	2 )	/	71.862	*	365 / 4
=	6.8195					/	71.862	*	365 / 4
=	8.66

Wang- Zheng Bhd Days Payable Related Terms

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Wang- Zheng Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Wang- Zheng Bhd (XKLS:7203) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 1 Jalan Utarid U5/19B, Section U5, Shah Alam, SGR, MYS, 40150

Website

https://www.wangzhengberhad.com

Wang- Zheng Bhd is an investment holding company. Through its subsidiaries, the company is involved in the manufacturing and processing of fiber-based products, which include disposable adult and baby diapers, sanitary protection and tissue products, cotton products, and processed papers. It has three segments, Processed Paper Products segment; which comprises of processed and distributed papers including wood-free paper and art paper; Disposable Fibre-Based products segment, which comprises of manufacture and distribution of a wide range of disposable adult and baby diapers, sanitary protection, tissue products, and cotton products; and Investment holding and others; which engages in investment holding and others.

Wang- Zheng Bhd Headlines

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