Zhejiang Taihua New Material Group Co (SHSE:603055) Days Payable : 157.52 (As of Mar. 2024)

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What is Zhejiang Taihua New Material Group Co Days Payable?

Zhejiang Taihua New Material Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,947 Mil. Zhejiang Taihua New Material Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,128 Mil. Hence, Zhejiang Taihua New Material Group Co's Days Payable for the three months ended in Mar. 2024 was 157.52.

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

SHSE:603055' s Days Payable Range Over the Past 10 Years
Min: 85.34 Med: 127.2 Max: 161.39
Current: 152.92

During the past 12 years, Zhejiang Taihua New Material Group Co's highest Days Payable was 161.39. The lowest was 85.34. And the median was 127.20.

SHSE:603055's Days Payable is ranked better than
87.65% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.73 vs SHSE:603055: 152.92

Zhejiang Taihua New Material Group Co's Days Payable declined from Mar. 2023 (168.16) to Mar. 2024 (157.52). It may suggest that Zhejiang Taihua New Material Group Co accelerated paying its suppliers.

Zhejiang Taihua New Material Group Co Days Payable Historical Data

The historical data trend for Zhejiang Taihua New Material Group 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 Taihua New Material Group Co Days Payable Chart

Zhejiang Taihua New Material Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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127.20

157.37

121.01

153.56

161.39

Zhejiang Taihua New Material Group 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															168.16	151.24	171.85	150.14	157.52

Competitive Comparison of Zhejiang Taihua New Material Group Co's Days Payable

For the Textile Manufacturing subindustry, Zhejiang Taihua New Material Group 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 Taihua New Material Group Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Taihua New Material Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Taihua New Material Group Co's Days Payable falls into.

Zhejiang Taihua New Material Group 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 Taihua New Material Group 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
=	( (1478.972	+	2044.171)	/	2 )	/	3984.002	*	365
=	1761.5715					/	3984.002	*	365
=	161.39

Zhejiang Taihua New Material Group 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
=	( (2044.171	+	1849.884)	/	2 )	/	1127.896	*	365 / 4
=	1947.0275					/	1127.896	*	365 / 4
=	157.52

Zhejiang Taihua New Material Group Co Days Payable Related Terms

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Zhejiang Taihua New Material Group Co (SHSE:603055) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Taihua New Material Group Co Ltd (SHSE:603055) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Wangdian Town Industrial Park, Zhejiang Province, Xiuzhou District, Jiaxing, CHN, 314011

Website

http://www.textaihua.com

Zhejiang Taihua New Material Co Ltd is engaged in nylon weaving business. It is primarily involved in the research, development, manufacturing and sales of nylon finished fabric-centred textile materials. The company has three product lines: chemical fibre products, textile products and dyeing and finishing products.

Executives

Ding Zhong Hua	senior management
Li Zeng Hua	senior management
Zhang Zhang Jian	Director
Liu Xiao Yang	Supervisors

Zhejiang Taihua New Material Group Co (SHSE:603055) Headlines

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