Zhejiang Dibay Electric Co (SHSE:603320) Days Payable : 75.04 (As of Mar. 2024)

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What is Zhejiang Dibay Electric Co Days Payable?

Zhejiang Dibay Electric Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥163.9 Mil. Zhejiang Dibay Electric Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥199.4 Mil. Hence, Zhejiang Dibay Electric Co's Days Payable for the three months ended in Mar. 2024 was 75.04.

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

SHSE:603320' s Days Payable Range Over the Past 10 Years
Min: 47.15 Med: 62.29 Max: 76.15
Current: 75.83

During the past 13 years, Zhejiang Dibay Electric Co's highest Days Payable was 76.15. The lowest was 47.15. And the median was 62.29.

SHSE:603320's Days Payable is ranked worse than
50.91% of 2923 companies
in the Industrial Products industry
Industry Median: 76.67 vs SHSE:603320: 75.83

Zhejiang Dibay Electric Co's Days Payable declined from Mar. 2023 (89.91) to Mar. 2024 (75.04). It may suggest that Zhejiang Dibay Electric Co accelerated paying its suppliers.

Zhejiang Dibay Electric Co Days Payable Historical Data

The historical data trend for Zhejiang Dibay Electric 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 Dibay Electric Co Days Payable Chart

Zhejiang Dibay Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

47.15

61.99

59.32

73.64

76.15

Zhejiang Dibay Electric 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															89.91	75.15	84.07	71.67	75.04

Competitive Comparison of Zhejiang Dibay Electric Co's Days Payable

For the Specialty Industrial Machinery subindustry, Zhejiang Dibay Electric 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 Dibay Electric Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Dibay Electric Co's Days Payable distribution charts can be found below:

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

Zhejiang Dibay Electric 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 Dibay Electric 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
=	( (166.231	+	167.963)	/	2 )	/	800.947	*	365
=	167.097					/	800.947	*	365
=	76.15

Zhejiang Dibay Electric 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
=	( (167.963	+	159.931)	/	2 )	/	199.35	*	365 / 4
=	163.947					/	199.35	*	365 / 4
=	75.04

Zhejiang Dibay Electric Co Days Payable Related Terms

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Zhejiang Dibay Electric Co (SHSE:603320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Dibay Electric Co Ltd (SHSE:603320) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 66, Dibei Road, Sanjiang Street, Quzhou, CHN, 312400

Website

http://www.dibei.com

Zhejiang Dibay Electric Co Ltd is a China-based company engages in the manufacture and sale of mechanical and electrical compressor motors. The company produces products such as refrigerator compressor motor, air conditioner compressor motor, commercial compressor electric and other products. It is also engaged in the manufacturing and sale of high-tech enterprises.

Executives

Wu Jian Rong

Director

Zhejiang Dibay Electric Co (SHSE:603320) Headlines

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