ZHGWF (Zhengwei Group Holdings Co) Days Payable : 35.68 (As of Dec. 2024)

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What is Zhengwei Group Holdings Co Days Payable?

Zhengwei Group Holdings Co's average Accounts Payable for the six months ended in Dec. 2024 was $7.83 Mil. Zhengwei Group Holdings Co's Cost of Goods Sold for the six months ended in Dec. 2024 was $40.05 Mil. Hence, Zhengwei Group Holdings Co's Days Payable for the six months ended in Dec. 2024 was 35.68.

The historical rank and industry rank for Zhengwei Group Holdings Co's Days Payable or its related term are showing as below:

ZHGWF' s Days Payable Range Over the Past 10 Years
Min: 33.71 Med: 65.64 Max: 72.86
Current: 33.71

During the past 6 years, Zhengwei Group Holdings Co's highest Days Payable was 72.86. The lowest was 33.71. And the median was 65.64.

ZHGWF's Days Payable is ranked worse than
65.5% of 1829 companies
in the Consumer Packaged Goods industry
Industry Median: 45.8 vs ZHGWF: 33.71

Zhengwei Group Holdings Co's Days Payable declined from Dec. 2023 (48.27) to Dec. 2024 (35.68). It may suggest that Zhengwei Group Holdings Co accelerated paying its suppliers.

Zhengwei Group Holdings Co Days Payable Historical Data

The historical data trend for Zhengwei Group Holdings 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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Zhengwei Group Holdings Co Days Payable Chart

Zhengwei Group Holdings Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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71.64

73.10

72.43

59.58

37.34

Zhengwei Group Holdings Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Payable	Get a 7-Day Free Trial					81.84	65.43	48.27	28.23	35.68

Competitive Comparison of Zhengwei Group Holdings Co's Days Payable

For the Packaged Foods subindustry, Zhengwei Group Holdings 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.

Zhengwei Group Holdings Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Zhengwei Group Holdings Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhengwei Group Holdings Co's Days Payable falls into.

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Zhengwei Group Holdings 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.

Zhengwei Group Holdings 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
=	( (6.773	+	9.769)	/	2 )	/	80.845	*	365
=	8.271					/	80.845	*	365
=	37.34

Zhengwei Group Holdings 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: Jun. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (5.893	+	9.769)	/	2 )	/	40.05	*	365 / 2
=	7.831					/	40.05	*	365 / 2
=	35.68

Zhengwei Group Holdings Co Days Payable Related Terms

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Zhengwei Group Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zhengwei Group Holdings Co Ltd (OTCPK:ZHGWF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

02147:Hong Kong

Address

487 Yuhu Road, Xiaolan Economic Development and Technology Zone, Nanchang, CHN

Website

https://www.zhengwei100.com

Zhengwei Group Holdings Co Ltd produces dry food and snacks, and secondarily trades related products. It produces and sells a variety of snacks (including ready-to-eat vegetarian snacks and meat snacks), such as crispy bamboo shoots and roast necks; and packaged dry goods such as mushrooms, dried aquatic products, seaweed, grains, and seasonings in China. The majority of revenue is derived from the Snacks segment. It has two operating segments Manufacturing & trading, out of which the majority is from the manufacturing segment. Geographically, the majority is from the PRC.

Zhengwei Group Holdings Co Headlines

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