Zhonghang Electronic Measuring Instruments Co (SZSE:300114) Days Payable : 346.65 (As of Mar. 2024)

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What is Zhonghang Electronic Measuring Instruments Co Days Payable?

Zhonghang Electronic Measuring Instruments Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥768 Mil. Zhonghang Electronic Measuring Instruments Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥202 Mil. Hence, Zhonghang Electronic Measuring Instruments Co's Days Payable for the three months ended in Mar. 2024 was 346.65.

The historical rank and industry rank for Zhonghang Electronic Measuring Instruments Co's Days Payable or its related term are showing as below:

SZSE:300114' s Days Payable Range Over the Past 10 Years
Min: 101.97 Med: 127.19 Max: 266.68
Current: 266.68

During the past 13 years, Zhonghang Electronic Measuring Instruments Co's highest Days Payable was 266.68. The lowest was 101.97. And the median was 127.19.

SZSE:300114's Days Payable is ranked better than
94.55% of 2422 companies
in the Hardware industry
Industry Median: 67.915 vs SZSE:300114: 266.68

Zhonghang Electronic Measuring Instruments Co's Days Payable increased from Mar. 2023 (301.14) to Mar. 2024 (346.65). It may suggest that Zhonghang Electronic Measuring Instruments Co delayed paying its suppliers.

Zhonghang Electronic Measuring Instruments Co Days Payable Historical Data

The historical data trend for Zhonghang Electronic Measuring Instruments 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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Zhonghang Electronic Measuring Instruments Co Days Payable Chart

Zhonghang Electronic Measuring Instruments Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

135.62

164.97

182.88

210.28

241.08

Zhonghang Electronic Measuring Instruments 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															301.14	216.68	314.59	245.25	346.65

Competitive Comparison of Zhonghang Electronic Measuring Instruments Co's Days Payable

For the Scientific & Technical Instruments subindustry, Zhonghang Electronic Measuring Instruments 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.

Zhonghang Electronic Measuring Instruments Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Zhonghang Electronic Measuring Instruments Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhonghang Electronic Measuring Instruments Co's Days Payable falls into.

Zhonghang Electronic Measuring Instruments 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.

Zhonghang Electronic Measuring Instruments 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
=	( (747.231	+	747.582)	/	2 )	/	1131.599	*	365
=	747.4065					/	1131.599	*	365
=	241.08

Zhonghang Electronic Measuring Instruments 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
=	( (747.582	+	788.475)	/	2 )	/	202.173	*	365 / 4
=	768.0285					/	202.173	*	365 / 4
=	346.65

Zhonghang Electronic Measuring Instruments Co Days Payable Related Terms

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Zhonghang Electronic Measuring Instruments Co (SZSE:300114) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhonghang Electronic Measuring Instruments Co Ltd (SZSE:300114) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

PO Box 2, Hanzhong, CHN, 723007

Website

http://www.zemic.com.cn

Zhonghang Electronic Measuring Instruments Co Ltd develops, manufactures, and sells electronic measuring products. It offers strain gages, strain gage-based sensors, weighing indicators and software, testing and measuring systems for the aviation industry, automobile performance, and environmental detection systems, automobile driver intelligent training systems, remote networking regulatory network platform, on- board weighing control systems, automatic systems, and precision mechanical.

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