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ZBAO (Zhibao Technology) Days Payable : 314.76 (As of Dec. 2023)


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What is Zhibao Technology Days Payable?

Zhibao Technology's average Accounts Payable for the six months ended in Dec. 2023 was $13.09 Mil. Zhibao Technology's Cost of Goods Sold for the six months ended in Dec. 2023 was $7.59 Mil. Hence, Zhibao Technology's Days Payable for the six months ended in Dec. 2023 was 314.76.

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

ZBAO' s Days Payable Range Over the Past 10 Years
Min: 93.1   Med: 98.23   Max: 686.89
Current: 686.89

During the past 2 years, Zhibao Technology's highest Days Payable was 686.89. The lowest was 93.10. And the median was 98.23.

ZBAO's Days Payable is ranked better than
88% of 50 companies
in the Insurance industry
Industry Median: 51.97 vs ZBAO: 686.89

Zhibao Technology's Days Payable declined from Dec. 2022 (432.16) to Dec. 2023 (314.76). It may suggest that Zhibao Technology accelerated paying its suppliers.

Zhibao Technology Days Payable Historical Data

The historical data trend for Zhibao Technology'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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Zhibao Technology Days Payable Chart

Zhibao Technology Annual Data
Trend Jun21 Jun22
Days Payable
103.36 93.10

Zhibao Technology Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Payable Get a 7-Day Free Trial 35.50 150.19 432.16 1,084.15 314.76

Competitive Comparison of Zhibao Technology's Days Payable

For the Insurance Brokers subindustry, Zhibao Technology'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.

Zhibao Technology's Days Payable Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Zhibao Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhibao Technology's Days Payable falls into.


Zhibao Technology 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.

Zhibao Technology's Days Payable for the fiscal year that ended in Jun. 2022 is calculated as

Days Payable (A: Jun. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2021 ) + Accounts Payable (A: Jun. 2022 )) / count ) / Cost of Goods Sold (A: Jun. 2022 )*Days in Period
=( (0.943 + 3.709) / 2 ) / 9.119*365
=2.326 / 9.119*365
=93.10

Zhibao Technology's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

Days Payable (Q: Dec. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2023 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (4.886 + 21.295) / 2 ) / 7.59*365 / 2
=13.0905 / 7.59*365 / 2
=314.76

* 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.

Zhibao Technology Days Payable Related Terms

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Zhibao Technology Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Zhibao Technology Inc (NAS:ZBAO) » Definitions » Days Payable
Comparable Companies
Traded in Other Exchanges
N/A
Address
Floor 3, Building 6, Wuxing Road, Lane 727, Shanghai, CHN, 201204
Website
https://www.zhibao-tech.com
Zhibao Technology Inc is a insurance technology company primarily engaged in providing digital insurance brokerage services in China. 2B2C digital embedded insurance is their innovative business model which They pioneered in China. They provide customized digital insurance solutions for B-side channels (covering a wide range of industries and organizations, including but not limited to Internet platforms, large and medium-sized enterprises, and government agencies, etc.), embedding them into the channel's existing business matrix, and providing the channel with Provide digital insurance brokerage services to C-end customers.