Zhong Yang Financial Group (FRA:X8J) Days Payable : 289.28 (As of Sep. 2023)

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What is Zhong Yang Financial Group Days Payable?

Zhong Yang Financial Group's average Accounts Payable for the six months ended in Sep. 2023 was €3.19 Mil. Zhong Yang Financial Group's Cost of Goods Sold for the six months ended in Sep. 2023 was €2.01 Mil. Hence, Zhong Yang Financial Group's Days Payable for the six months ended in Sep. 2023 was 289.28.

The historical rank and industry rank for Zhong Yang Financial Group's Days Payable or its related term are showing as below:

FRA:X8J' s Days Payable Range Over the Past 10 Years
Min: 156.58 Med: 248.65 Max: 364.61
Current: 343.19

During the past 4 years, Zhong Yang Financial Group's highest Days Payable was 364.61. The lowest was 156.58. And the median was 248.65.

FRA:X8J's Days Payable is ranked better than
67.99% of 528 companies
in the Capital Markets industry
Industry Median: 108.18 vs FRA:X8J: 343.19

Zhong Yang Financial Group's Days Payable increased from Sep. 2022 (276.14) to Sep. 2023 (289.28). It may suggest that Zhong Yang Financial Group delayed paying its suppliers.

Zhong Yang Financial Group Days Payable Historical Data

The historical data trend for Zhong Yang Financial Group'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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Zhong Yang Financial Group Days Payable Chart

Zhong Yang Financial Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

170.54

164.49

350.95

322.37

Zhong Yang Financial Group Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial			462.62	542.43	276.14	433.27	289.28

Competitive Comparison of Zhong Yang Financial Group's Days Payable

For the Capital Markets subindustry, Zhong Yang Financial Group'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.

Zhong Yang Financial Group's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Zhong Yang Financial Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhong Yang Financial Group's Days Payable falls into.

Zhong Yang Financial Group 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.

Zhong Yang Financial Group's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (3.005	+	3.31)	/	2 )	/	3.575	*	365
=	3.1575					/	3.575	*	365
=	322.37

Zhong Yang Financial Group's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (3.31	+	3.062)	/	2 )	/	2.01	*	365 / 2
=	3.186					/	2.01	*	365 / 2
=	289.28

Zhong Yang Financial Group Days Payable Related Terms

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Zhong Yang Financial Group (FRA:X8J) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Zhong Yang Financial Group Ltd (FRA:X8J) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TOP:USA

Address

118 Connaught Road West, Room 1101, Hong Kong, HKG

Website

https://www.zyfgl.com

TOP Financial Group Ltd is an online brokerage firm in Hong Kong specializing in the trading of local and overseas equities, futures, and options products. The company operates in only one segment which is the futures brokerage service.

Zhong Yang Financial Group (FRA:X8J) Headlines

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