Zhejiang Xinchai Co (SZSE:301032) Days Payable : 194.04 (As of Mar. 2024)

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What is Zhejiang Xinchai Co Days Payable?

Zhejiang Xinchai Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,352 Mil. Zhejiang Xinchai Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥636 Mil. Hence, Zhejiang Xinchai Co's Days Payable for the three months ended in Mar. 2024 was 194.04.

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

SZSE:301032' s Days Payable Range Over the Past 10 Years
Min: 209.41 Med: 222 Max: 251.14
Current: 251.14

During the past 7 years, Zhejiang Xinchai Co's highest Days Payable was 251.14. The lowest was 209.41. And the median was 222.00.

SZSE:301032's Days Payable is ranked better than
92.27% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs SZSE:301032: 251.14

Zhejiang Xinchai Co's Days Payable increased from Mar. 2023 (162.00) to Mar. 2024 (194.04). It may suggest that Zhejiang Xinchai Co delayed paying its suppliers.

Zhejiang Xinchai Co Days Payable Historical Data

The historical data trend for Zhejiang Xinchai 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 Xinchai Co Days Payable Chart

Zhejiang Xinchai Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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233.55

222.00

218.12

210.62

209.41

Zhejiang Xinchai Co Quarterly Data
	Dec18	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															162.00	254.07	289.18	290.94	194.04

Competitive Comparison of Zhejiang Xinchai Co's Days Payable

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

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

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

Zhejiang Xinchai 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 Xinchai 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
=	( (1102.159	+	1312.141)	/	2 )	/	2104.061	*	365
=	1207.15					/	2104.061	*	365
=	209.41

Zhejiang Xinchai 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
=	( (1312.141	+	1391.304)	/	2 )	/	635.682	*	365 / 4
=	1351.7225					/	635.682	*	365 / 4
=	194.04

Zhejiang Xinchai Co Days Payable Related Terms

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Zhejiang Xinchai Co (SZSE:301032) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Xinchai Co Ltd (SZSE:301032) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

888 Xinchang Avenue West Road, Zhejiang Province, CHN, 312500

Website

http://www.xinchaipower.com

Zhejiang Xinchai Co Ltd is engaged in the research and development, production and sales of non-road diesel engines and related parts.

Executives

Wang Guo Gang	Supervisors
Liang Zhong Qing	Supervisors
Zhou Gao Feng	Executives
Yuan Li Tao	Executives
Yang Bin Fei	Executives

Zhejiang Xinchai Co (SZSE:301032) Headlines

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