Zhejiang Power New Energy Co (SHSE:688184) Days Payable : 238.96 (As of Mar. 2024)

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What is Zhejiang Power New Energy Co Days Payable?

Zhejiang Power New Energy Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,060 Mil. Zhejiang Power New Energy Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥405 Mil. Hence, Zhejiang Power New Energy Co's Days Payable for the three months ended in Mar. 2024 was 238.96.

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

SHSE:688184' s Days Payable Range Over the Past 10 Years
Min: 177.84 Med: 189.74 Max: 327.68
Current: 264.06

During the past 6 years, Zhejiang Power New Energy Co's highest Days Payable was 327.68. The lowest was 177.84. And the median was 189.74.

SHSE:688184's Days Payable is ranked better than
97.14% of 1501 companies
in the Chemicals industry
Industry Median: 60.59 vs SHSE:688184: 264.06

Zhejiang Power New Energy Co's Days Payable declined from Mar. 2023 (317.94) to Mar. 2024 (238.96). It may suggest that Zhejiang Power New Energy Co accelerated paying its suppliers.

Zhejiang Power New Energy Co Days Payable Historical Data

The historical data trend for Zhejiang Power New Energy 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 Power New Energy Co Days Payable Chart

Zhejiang Power New Energy Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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192.30

178.17

206.11

187.17

327.68

Zhejiang Power New Energy Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												317.94	362.11	275.80	238.69	238.96

Competitive Comparison of Zhejiang Power New Energy Co's Days Payable

For the Chemicals subindustry, Zhejiang Power New Energy 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 Power New Energy Co's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Zhejiang Power New Energy Co's Days Payable falls into.

Zhejiang Power New Energy 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 Power New Energy 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
=	( (905.278	+	1004.896)	/	2 )	/	1063.874	*	365
=	955.087					/	1063.874	*	365
=	327.68

Zhejiang Power New Energy 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
=	( (1004.896	+	1115.328)	/	2 )	/	404.81	*	365 / 4
=	1060.112					/	404.81	*	365 / 4
=	238.96

Zhejiang Power New Energy Co Days Payable Related Terms

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Zhejiang Power New Energy Co (SHSE:688184) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Power New Energy Co Ltd (SHSE:688184) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 92, Hongcheng Road, Taozhu Street, Zhejiang Province, Zhuji, CHN, 311800

Website

http://www.zhujipower.com

Zhejiang Power New Energy Co Ltd is engaged in the research and development, production and sales of ternary cathode material precursors for lithium-ion batteries.

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