Zhejiang Red Dragonfly Footwear Co (SHSE:603116) Days Payable : 136.75 (As of Mar. 2024)

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What is Zhejiang Red Dragonfly Footwear Co Days Payable?

Zhejiang Red Dragonfly Footwear Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥563 Mil. Zhejiang Red Dragonfly Footwear Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥376 Mil. Hence, Zhejiang Red Dragonfly Footwear Co's Days Payable for the three months ended in Mar. 2024 was 136.75.

The historical rank and industry rank for Zhejiang Red Dragonfly Footwear Co's Days Payable or its related term are showing as below:

SHSE:603116' s Days Payable Range Over the Past 10 Years
Min: 129.69 Med: 157.52 Max: 191.66
Current: 132.64

During the past 13 years, Zhejiang Red Dragonfly Footwear Co's highest Days Payable was 191.66. The lowest was 129.69. And the median was 157.52.

SHSE:603116's Days Payable is ranked better than
84.82% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 55.97 vs SHSE:603116: 132.64

Zhejiang Red Dragonfly Footwear Co's Days Payable declined from Mar. 2023 (137.71) to Mar. 2024 (136.75). It may suggest that Zhejiang Red Dragonfly Footwear Co accelerated paying its suppliers.

Zhejiang Red Dragonfly Footwear Co Days Payable Historical Data

The historical data trend for Zhejiang Red Dragonfly Footwear 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 Red Dragonfly Footwear Co Days Payable Chart

Zhejiang Red Dragonfly Footwear Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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157.98

191.66

165.62

157.05

144.24

Zhejiang Red Dragonfly Footwear 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															137.71	130.27	130.94	144.25	136.75

Competitive Comparison of Zhejiang Red Dragonfly Footwear Co's Days Payable

For the Footwear & Accessories subindustry, Zhejiang Red Dragonfly Footwear 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 Red Dragonfly Footwear Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Red Dragonfly Footwear Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Red Dragonfly Footwear Co's Days Payable falls into.

Zhejiang Red Dragonfly Footwear 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 Red Dragonfly Footwear 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
=	( (610.66	+	621.273)	/	2 )	/	1558.676	*	365
=	615.9665					/	1558.676	*	365
=	144.24

Zhejiang Red Dragonfly Footwear 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
=	( (621.273	+	505.435)	/	2 )	/	375.916	*	365 / 4
=	563.354					/	375.916	*	365 / 4
=	136.75

Zhejiang Red Dragonfly Footwear Co Days Payable Related Terms

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Zhejiang Red Dragonfly Footwear Co (SHSE:603116) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Red Dragonfly Footwear Co Ltd (SHSE:603116) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wangjiatun Road, Dongpu Industrial Zone, Yubei Town, Yongjia County, Zhejiang, Wenzhou, CHN, 325102

Website

http://www.cnhqt.com

Zhejiang Red Dragonfly Footwear Co Ltd is engaged in research and development, production and sale of Red Dragonfly brand shoes and leather goods, clothing and other industry. The company main products include men's and women's shoes, children's shoes and apparels, leather belts, wallets, and leather handbags, among others.

Zhejiang Red Dragonfly Footwear Co (SHSE:603116) Headlines

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