Zhende Medical Co (SHSE:603301) Days Payable : 57.15 (As of Mar. 2024)

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What is Zhende Medical Co Days Payable?

Zhende Medical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥393 Mil. Zhende Medical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥628 Mil. Hence, Zhende Medical Co's Days Payable for the three months ended in Mar. 2024 was 57.15.

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

SHSE:603301' s Days Payable Range Over the Past 10 Years
Min: 32.21 Med: 76.47 Max: 144.67
Current: 66.57

During the past 10 years, Zhende Medical Co's highest Days Payable was 144.67. The lowest was 32.21. And the median was 76.47.

SHSE:603301's Days Payable is ranked worse than
54.18% of 790 companies
in the Medical Devices & Instruments industry
Industry Median: 72.905 vs SHSE:603301: 66.57

Zhende Medical Co's Days Payable declined from Mar. 2023 (70.23) to Mar. 2024 (57.15). It may suggest that Zhende Medical Co accelerated paying its suppliers.

Zhende Medical Co Days Payable Historical Data

The historical data trend for Zhende Medical 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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Zhende Medical Co Days Payable Chart

Zhende Medical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

77.40

32.21

71.43

60.67

75.53

Zhende Medical 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															70.23	73.04	67.66	63.95	57.15

Competitive Comparison of Zhende Medical Co's Days Payable

For the Medical Instruments & Supplies subindustry, Zhende Medical 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.

Zhende Medical Co's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Zhende Medical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhende Medical Co's Days Payable falls into.

Zhende Medical 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.

Zhende Medical 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
=	( (702.697	+	412.55)	/	2 )	/	2694.611	*	365
=	557.6235					/	2694.611	*	365
=	75.53

Zhende Medical 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
=	( (412.55	+	374.242)	/	2 )	/	628.159	*	365 / 4
=	393.396					/	628.159	*	365 / 4
=	57.15

Zhende Medical Co Days Payable Related Terms

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Zhende Medical Co (SHSE:603301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Zhende Medical Co Ltd (SHSE:603301) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yubei Industrial Zone, Yucheng Town, Yuecheng District, Zhejiang, Shaoxing City, CHN, 312000

Website

http://www.zhende.com

Zhende Medical Co Ltd provides medical products. The company is engaged in the production and sale of medical dressing, pressure treatment and fixation, modern wound care, surgical infection management, and incontinence care products.

Executives

Xu Da Sheng	Director
Hu Xiu Yuan	Supervisors
Zhang Xian Tao	Director
Shen Zhen Dong	Directors, senior managers
Jin Hai Ping	Director
Shen Zhen Fang	Director
Lu Xing Ping	senior management

Zhende Medical Co (SHSE:603301) Headlines

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