Zhejiang Lenor Flow Control Technology Co (SZSE:300838) Days Payable : 211.94 (As of Mar. 2024)

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What is Zhejiang Lenor Flow Control Technology Co Days Payable?

Zhejiang Lenor Flow Control Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥328 Mil. Zhejiang Lenor Flow Control Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥141 Mil. Hence, Zhejiang Lenor Flow Control Technology Co's Days Payable for the three months ended in Mar. 2024 was 211.94.

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

SZSE:300838' s Days Payable Range Over the Past 10 Years
Min: 114.58 Med: 136.47 Max: 154.41
Current: 147.22

During the past 12 years, Zhejiang Lenor Flow Control Technology Co's highest Days Payable was 154.41. The lowest was 114.58. And the median was 136.47.

SZSE:300838's Days Payable is ranked better than
77.14% of 2931 companies
in the Industrial Products industry
Industry Median: 76.43 vs SZSE:300838: 147.22

Zhejiang Lenor Flow Control Technology Co's Days Payable increased from Mar. 2023 (185.80) to Mar. 2024 (211.94). It may suggest that Zhejiang Lenor Flow Control Technology Co delayed paying its suppliers.

Zhejiang Lenor Flow Control Technology Co Days Payable Historical Data

The historical data trend for Zhejiang Lenor Flow Control 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 Lenor Flow Control Technology Co Days Payable Chart

Zhejiang Lenor Flow Control Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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149.27

148.14

136.75

143.66

154.41

Zhejiang Lenor Flow Control 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															185.80	129.48	139.05	134.99	211.94

Competitive Comparison of Zhejiang Lenor Flow Control Technology Co's Days Payable

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

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

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

Zhejiang Lenor Flow Control 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 Lenor Flow Control 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
=	( (364.851	+	342.73)	/	2 )	/	836.296	*	365
=	353.7905					/	836.296	*	365
=	154.41

Zhejiang Lenor Flow Control 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
=	( (342.73	+	313.704)	/	2 )	/	141.313	*	365 / 4
=	328.217					/	141.313	*	365 / 4
=	211.94

Zhejiang Lenor Flow Control Technology Co Days Payable Related Terms

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Zhejiang Lenor Flow Control Technology Co (SZSE:300838) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Lenor Flow Control Technology Co Ltd (SZSE:300838) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 99, Weiyi Road, High-tech (Ge Lane) Park, Ruian City, Zhejiang Province, Wenzhou, CHN, 325200

Website

http://www.linuovalve.com

Zhejiang Linuo Flow Control Technology Co Ltd engages in the development, design, production and sale of fluid control equipment. The company provides total solutions on control valve for fluid industrial customers in the field of energy, petrochemical engineering, metallurgy, chemical engineering, paper-making, environmental protection, biochemistry, and medicine. Its products include Segment Ball Valve; Knife Gate Valve; Ball Valve; Globe Control Valve; Butterfly Valve; and Actuator.

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