Zhuhai Painter Technology Co (BJSE:836871) Days Payable : 41.28 (As of Mar. 2024)

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What is Zhuhai Painter Technology Co Days Payable?

Zhuhai Painter Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥10.0 Mil. Zhuhai Painter Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥22.2 Mil. Hence, Zhuhai Painter Technology Co's Days Payable for the three months ended in Mar. 2024 was 41.28.

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

BJSE:836871' s Days Payable Range Over the Past 10 Years
Min: 34.34 Med: 44.53 Max: 58.28
Current: 42.6

During the past 11 years, Zhuhai Painter Technology Co's highest Days Payable was 58.28. The lowest was 34.34. And the median was 44.53.

BJSE:836871's Days Payable is ranked worse than
62.24% of 143 companies
in the Industrial Distribution industry
Industry Median: 52.83 vs BJSE:836871: 42.60

Zhuhai Painter Technology Co's Days Payable declined from Mar. 2023 (43.18) to Mar. 2024 (41.28). It may suggest that Zhuhai Painter Technology Co accelerated paying its suppliers.

Zhuhai Painter Technology Co Days Payable Historical Data

The historical data trend for Zhuhai Painter 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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Zhuhai Painter Technology Co Days Payable Chart

Zhuhai Painter Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

40.81

48.70

37.67

40.55

34.34

Zhuhai Painter Technology Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															43.18	44.62	40.73	35.73	41.28

Competitive Comparison of Zhuhai Painter Technology Co's Days Payable

For the Industrial Distribution subindustry, Zhuhai Painter 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.

Zhuhai Painter Technology Co's Days Payable Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Zhuhai Painter Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhuhai Painter Technology Co's Days Payable falls into.

Zhuhai Painter 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.

Zhuhai Painter 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
=	( (11.24	+	10.085)	/	2 )	/	113.348	*	365
=	10.6625					/	113.348	*	365
=	34.34

Zhuhai Painter 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
=	( (10.085	+	9.987)	/	2 )	/	22.183	*	365 / 4
=	10.036					/	22.183	*	365 / 4
=	41.28

Zhuhai Painter Technology Co Days Payable Related Terms

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Zhuhai Painter Technology Co (BJSE:836871) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Zhuhai Painter Technology Co Ltd (BJSE:836871) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Chuangye Middle Road, Shuanglin Area, Liangang Industrial Zone, Jinwan District, Guangdong Province, Zhuhai City, CHN

Website

http://www.w-painter.com

Zhuhai Painter Technology Co Ltd engages in research and development, production and sales of industrial hoses and assemblies, and modified engineering plastics. Its product portfolio comprises pressure (brake) nylon tubes, high-pressure hoses, Teflon hose resin, high precision pressure hoses, air conditioning refrigerant pipe, high-pressure hydraulic hoses (assembly design and production), hydraulic hose assembly, transition joints and other accessories, modified engineering plastics products. The company's products are widely used in various industrial mother machines, wind power industry, automobile industry, construction machinery, water conservancy, metallurgical machinery, lifting machinery, construction spraying machinery, unmanned aerial vehicles, and other industries or fields.

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