Zhejiang Daily Digital Culture Group Co (SHSE:600633) Days Payable : 139.39 (As of Mar. 2024)

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What is Zhejiang Daily Digital Culture Group Co Days Payable?

Zhejiang Daily Digital Culture Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥377 Mil. Zhejiang Daily Digital Culture Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥247 Mil. Hence, Zhejiang Daily Digital Culture Group Co's Days Payable for the three months ended in Mar. 2024 was 139.39.

The historical rank and industry rank for Zhejiang Daily Digital Culture Group Co's Days Payable or its related term are showing as below:

SHSE:600633' s Days Payable Range Over the Past 10 Years
Min: 63.42 Med: 99.18 Max: 166.45
Current: 158.55

During the past 13 years, Zhejiang Daily Digital Culture Group Co's highest Days Payable was 166.45. The lowest was 63.42. And the median was 99.18.

SHSE:600633's Days Payable is ranked better than
74.83% of 433 companies
in the Interactive Media industry
Industry Median: 61.12 vs SHSE:600633: 158.55

Zhejiang Daily Digital Culture Group Co's Days Payable increased from Mar. 2023 (117.69) to Mar. 2024 (139.39). It may suggest that Zhejiang Daily Digital Culture Group Co delayed paying its suppliers.

Zhejiang Daily Digital Culture Group Co Days Payable Historical Data

The historical data trend for Zhejiang Daily Digital Culture Group 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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Zhejiang Daily Digital Culture Group Co Days Payable Chart

Zhejiang Daily Digital Culture Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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100.14

133.12

67.71

166.45

Zhejiang Daily Digital Culture Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															117.69	168.66	225.91	135.90	139.39

Competitive Comparison of Zhejiang Daily Digital Culture Group Co's Days Payable

For the Internet Content & Information subindustry, Zhejiang Daily Digital Culture Group 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 Daily Digital Culture Group Co's Days Payable Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Zhejiang Daily Digital Culture Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Daily Digital Culture Group Co's Days Payable falls into.

Zhejiang Daily Digital Culture Group 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 Daily Digital Culture Group 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
=	( (458.11	+	432.765)	/	2 )	/	976.79	*	365
=	445.4375					/	976.79	*	365
=	166.45

Zhejiang Daily Digital Culture Group 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
=	( (432.765	+	321.659)	/	2 )	/	246.946	*	365 / 4
=	377.212					/	246.946	*	365 / 4
=	139.39

Zhejiang Daily Digital Culture Group Co Days Payable Related Terms

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Zhejiang Daily Digital Culture Group Co (SHSE:600633) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Zhejiang Daily Digital Culture Group Co Ltd (SHSE:600633) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Stadium Road 178, 26-27 floor, Zhejiang Province, Hangzhou, CHN, 310039

Website

http://www.600633.cn

Zhejiang Daily Digital Culture Group Co Ltd is a media company based in China. It aims to build a domestic Internet digital cultural industry group and comprehensively develop a digital culture industry based on the Internet. Its focus is on the digital entertainment industry, digital sports industry, and the "four-in-one" big data industry with high-quality IP as the core. The company also focuses on the development of e-commerce services, art services, and other cultural industry services.

Zhejiang Daily Digital Culture Group Co (SHSE:600633) Headlines

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