Zhejiang Dragon Technology Co (SHSE:603004) Days Payable : 137.14 (As of Mar. 2024)

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What is Zhejiang Dragon Technology Co Days Payable?

Zhejiang Dragon Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥119.5 Mil. Zhejiang Dragon Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥79.5 Mil. Hence, Zhejiang Dragon Technology Co's Days Payable for the three months ended in Mar. 2024 was 137.14.

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

SHSE:603004' s Days Payable Range Over the Past 10 Years
Min: 55.82 Med: 68.37 Max: 92.7
Current: 92.7

During the past 5 years, Zhejiang Dragon Technology Co's highest Days Payable was 92.70. The lowest was 55.82. And the median was 68.37.

SHSE:603004's Days Payable is ranked better than
72.41% of 1504 companies
in the Chemicals industry
Industry Median: 61.065 vs SHSE:603004: 92.70

Zhejiang Dragon Technology Co's Days Payable increased from Mar. 2023 (93.69) to Mar. 2024 (137.14). It may suggest that Zhejiang Dragon Technology Co delayed paying its suppliers.

Zhejiang Dragon Technology Co Days Payable Historical Data

The historical data trend for Zhejiang Dragon 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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Zhejiang Dragon Technology Co Days Payable Chart

Zhejiang Dragon Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

55.82

62.09

68.37

70.91

88.09

Zhejiang Dragon Technology Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial							93.69	67.95	105.26	63.79	137.14

Competitive Comparison of Zhejiang Dragon Technology Co's Days Payable

For the Chemicals subindustry, Zhejiang Dragon 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.

Zhejiang Dragon Technology Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zhejiang Dragon Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Dragon Technology Co's Days Payable falls into.

Zhejiang Dragon 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.

Zhejiang Dragon 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
=	( (115.557	+	98.008)	/	2 )	/	442.453	*	365
=	106.7825					/	442.453	*	365
=	88.09

Zhejiang Dragon 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
=	( (98.008	+	140.968)	/	2 )	/	79.503	*	365 / 4
=	119.488					/	79.503	*	365 / 4
=	137.14

Zhejiang Dragon Technology Co Days Payable Related Terms

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Zhejiang Dragon Technology Co (SHSE:603004) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Dragon Technology Co Ltd (SHSE:603004) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 66 Qingchun East Road, 16th Floor, Block B, Qingchun Development Building, Zhejiang Province, Hangzhou City, CHN

Website

http://www.dragon-chem.com

Zhejiang Dragon Technology Co Ltd is engaged in the research and development, production, sales and trade of fine chemical products. Its products include hair dye raw materials and special engineering material.

Zhejiang Dragon Technology Co (SHSE:603004) Headlines

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