Zhejiang Wazam New Materials Co (SHSE:603186) Days Payable : 206.93 (As of Mar. 2024)

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What is Zhejiang Wazam New Materials Co Days Payable?

Zhejiang Wazam New Materials Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,743 Mil. Zhejiang Wazam New Materials Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥769 Mil. Hence, Zhejiang Wazam New Materials Co's Days Payable for the three months ended in Mar. 2024 was 206.93.

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

SHSE:603186' s Days Payable Range Over the Past 10 Years
Min: 126.04 Med: 154.88 Max: 213.76
Current: 201.22

During the past 13 years, Zhejiang Wazam New Materials Co's highest Days Payable was 213.76. The lowest was 126.04. And the median was 154.88.

SHSE:603186's Days Payable is ranked better than
90.53% of 2418 companies
in the Hardware industry
Industry Median: 67.94 vs SHSE:603186: 201.22

Zhejiang Wazam New Materials Co's Days Payable declined from Mar. 2023 (233.76) to Mar. 2024 (206.93). It may suggest that Zhejiang Wazam New Materials Co accelerated paying its suppliers.

Zhejiang Wazam New Materials Co Days Payable Historical Data

The historical data trend for Zhejiang Wazam New Materials 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 Wazam New Materials Co Days Payable Chart

Zhejiang Wazam New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

158.30

166.88

157.99

213.76

204.60

Zhejiang Wazam New Materials 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															233.76	209.99	194.85	193.98	206.93

Competitive Comparison of Zhejiang Wazam New Materials Co's Days Payable

For the Electronic Components subindustry, Zhejiang Wazam New Materials 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 Wazam New Materials Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Zhejiang Wazam New Materials Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Wazam New Materials Co's Days Payable falls into.

Zhejiang Wazam New Materials 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 Wazam New Materials 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
=	( (1697.716	+	1735.753)	/	2 )	/	3062.651	*	365
=	1716.7345					/	3062.651	*	365
=	204.60

Zhejiang Wazam New Materials 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
=	( (1735.753	+	1749.681)	/	2 )	/	768.505	*	365 / 4
=	1742.717					/	768.505	*	365 / 4
=	206.93

Zhejiang Wazam New Materials Co Days Payable Related Terms

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Zhejiang Wazam New Materials Co (SHSE:603186) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhejiang Wazam New Materials Co Ltd (SHSE:603186) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Huayi Road, Yuhang Street, Wazam Sci-Tech Park, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311121

Website

http://www.hzccl.com

Zhejiang Wazam New Materials Co, formerly Zhejiang Huazheng New Material Co Ltd is a China based company manufactures components for computer, medical equipment, communication equipment, automotive electronic, rail transit, new energy and other different uses. The company distributes its products in both Chinese and other international markets.

Executives

Liu Tao	Director
Guo Jiang Cheng	Director
Wu Li Fen	senior management
Zhou Jian Ming	senior management
Shen Zong Hua	senior management
Tang Xin Qiang	Supervisors
Yu Gao	senior management

Zhejiang Wazam New Materials Co (SHSE:603186) Headlines

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