Zhejiang Publishing & Media Co (SHSE:601921) Days Payable : 272.90 (As of Mar. 2024)

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What is Zhejiang Publishing & Media Co Days Payable?

Zhejiang Publishing & Media Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥6,312 Mil. Zhejiang Publishing & Media Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,111 Mil. Hence, Zhejiang Publishing & Media Co's Days Payable for the three months ended in Mar. 2024 was 272.90.

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

SHSE:601921' s Days Payable Range Over the Past 10 Years
Min: 158.54 Med: 219.71 Max: 278.88
Current: 278.88

During the past 7 years, Zhejiang Publishing & Media Co's highest Days Payable was 278.88. The lowest was 158.54. And the median was 219.71.

SHSE:601921's Days Payable is ranked better than
83.15% of 932 companies
in the Media - Diversified industry
Industry Median: 79.485 vs SHSE:601921: 278.88

Zhejiang Publishing & Media Co's Days Payable declined from Mar. 2023 (290.98) to Mar. 2024 (272.90). It may suggest that Zhejiang Publishing & Media Co accelerated paying its suppliers.

Zhejiang Publishing & Media Co Days Payable Historical Data

The historical data trend for Zhejiang Publishing & Media 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 Publishing & Media Co Days Payable Chart

Zhejiang Publishing & Media Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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176.47

219.71

222.65

250.04

260.67

Zhejiang Publishing & Media Co Quarterly Data
	Dec17	Dec18	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															290.98	307.74	347.58	215.47	272.90

Competitive Comparison of Zhejiang Publishing & Media Co's Days Payable

For the Publishing subindustry, Zhejiang Publishing & Media 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 Publishing & Media Co's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Zhejiang Publishing & Media Co's Days Payable distribution charts can be found below:

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

Zhejiang Publishing & Media 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 Publishing & Media 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
=	( (6102.527	+	6069.498)	/	2 )	/	8521.93	*	365
=	6086.0125					/	8521.93	*	365
=	260.67

Zhejiang Publishing & Media 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
=	( (6069.498	+	6554.155)	/	2 )	/	2110.503	*	365 / 4
=	6311.8265					/	2110.503	*	365 / 4
=	272.90

Zhejiang Publishing & Media Co Days Payable Related Terms

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Zhejiang Publishing & Media Co (SHSE:601921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Zhejiang Publishing & Media Co Ltd (SHSE:601921) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 347 Tiyuchang Road, 18th Floor, Xiacheng District, Zhejiang Province, Hangzhou, CHN, 310013

Website

https://www.zjcbcm.com

Zhejiang Publishing & Media Co Ltd is engaged in the publication, distribution and printing of books, periodicals, audio-visual products and electronic publications.

Zhejiang Publishing & Media Co (SHSE:601921) Headlines

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