Zhejiang Damon Technology Co (SHSE:688360) Days Payable : 195.87 (As of Mar. 2024)

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What is Zhejiang Damon Technology Co Days Payable?

Zhejiang Damon Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥418 Mil. Zhejiang Damon Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥195 Mil. Hence, Zhejiang Damon Technology Co's Days Payable for the three months ended in Mar. 2024 was 195.87.

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

SHSE:688360' s Days Payable Range Over the Past 10 Years
Min: 103.89 Med: 112.57 Max: 183.84
Current: 126.16

During the past 12 years, Zhejiang Damon Technology Co's highest Days Payable was 183.84. The lowest was 103.89. And the median was 112.57.

SHSE:688360's Days Payable is ranked better than
71.42% of 2936 companies
in the Industrial Products industry
Industry Median: 76.705 vs SHSE:688360: 126.16

Zhejiang Damon Technology Co's Days Payable increased from Mar. 2023 (128.90) to Mar. 2024 (195.87). It may suggest that Zhejiang Damon Technology Co delayed paying its suppliers.

Zhejiang Damon Technology Co Days Payable Historical Data

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

Zhejiang Damon Technology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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114.62

183.84

110.71

103.89

130.46

Zhejiang Damon Technology 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															128.90	116.54	133.68	93.06	195.87

Competitive Comparison of Zhejiang Damon Technology Co's Days Payable

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

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

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

Zhejiang Damon 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 Damon 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
=	( (332.954	+	428.207)	/	2 )	/	1064.75	*	365
=	380.5805					/	1064.75	*	365
=	130.46

Zhejiang Damon 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
=	( (428.207	+	407.196)	/	2 )	/	194.594	*	365 / 4
=	417.7015					/	194.594	*	365 / 4
=	195.87

Zhejiang Damon Technology Co Days Payable Related Terms

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Zhejiang Damon Technology Co (SHSE:688360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Damon Technology Co Ltd (SHSE:688360) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shangqiang Industrial Zone, Zhejiang Province, Daixi Town, Huzhou, CHN, 313023

Website

http://www.damon-group.com

Zhejiang Damon Technology Co Ltd is a providers of intelligent logistics system solutions and key equipment in China. The company's business is divided into four divisions namely Dynamic storage division; Damon Australia division; Conveying sorting division; and Logistics components division. Its intelligent logistics equipment is widely used in intelligent manufacturing, e-commerce, express logistics, clothing, medicine, tobacco, new retail and other fields.

Executives

Wang Kai	Director
Zhuo Xu	Directors, senior managers
Guo Ai Hua	Directors, senior managers
Wu Zhong Hua	senior management

Zhejiang Damon Technology Co (SHSE:688360) Headlines

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