Jiangsu Zhongtian Technology Co (SHSE:600522) Days Payable : 134.59 (As of Mar. 2024)

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What is Jiangsu Zhongtian Technology Co Days Payable?

Jiangsu Zhongtian Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥9,965 Mil. Jiangsu Zhongtian Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥6,756 Mil. Hence, Jiangsu Zhongtian Technology Co's Days Payable for the three months ended in Mar. 2024 was 134.59.

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

SHSE:600522' s Days Payable Range Over the Past 10 Years
Min: 55.16 Med: 79.02 Max: 96.85
Current: 93.67

During the past 13 years, Jiangsu Zhongtian Technology Co's highest Days Payable was 96.85. The lowest was 55.16. And the median was 79.02.

SHSE:600522's Days Payable is ranked better than
59.69% of 2932 companies
in the Industrial Products industry
Industry Median: 76.415 vs SHSE:600522: 93.67

Jiangsu Zhongtian Technology Co's Days Payable increased from Mar. 2023 (113.54) to Mar. 2024 (134.59). It may suggest that Jiangsu Zhongtian Technology Co delayed paying its suppliers.

Jiangsu Zhongtian Technology Co Days Payable Historical Data

The historical data trend for Jiangsu Zhongtian 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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Jiangsu Zhongtian Technology Co Days Payable Chart

Jiangsu Zhongtian Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

84.22

96.85

86.58

92.10

88.15

Jiangsu Zhongtian 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															113.54	80.66	87.30	89.83	134.59

Competitive Comparison of Jiangsu Zhongtian Technology Co's Days Payable

For the Electrical Equipment & Parts subindustry, Jiangsu Zhongtian 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.

Jiangsu Zhongtian Technology Co's Days Payable Distribution in the Industrial Products Industry

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

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

Jiangsu Zhongtian 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.

Jiangsu Zhongtian 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
=	( (8346.297	+	9890.656)	/	2 )	/	37756.993	*	365
=	9118.4765					/	37756.993	*	365
=	88.15

Jiangsu Zhongtian 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
=	( (9890.656	+	10039.604)	/	2 )	/	6756.404	*	365 / 4
=	9965.13					/	6756.404	*	365 / 4
=	134.59

Jiangsu Zhongtian Technology Co Days Payable Related Terms

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Jiangsu Zhongtian Technology Co (SHSE:600522) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Zhongtian Technology Co Ltd (SHSE:600522) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Nantong Economic and Technology Development Zone, Jiangsu, Nantong, CHN, 226009

Website

http://www.chinaztt.com

Jiangsu Zhongtian Technology Co Ltd is a China-based company engaged in the manufacturing and distribution of fiber-optic-communication and power-transmission products. Its products include power cables, fittings, insulators, arresters; conductors, aluminum-clad steel wires, transformers, and power switch gears; optical fibers, optical fiber cables, coaxial cables, and antennas; and submarine composite and FO cables, submarine cable accessories, and ROV cables. The company also offers marine and offshore cables; lithium-ion batteries, solar cell backsheets, and photovoltaic technology products; alloy materials; an optical fiber and optical cable machines.

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