Zhejiang Weiming Environment Protection Co (SHSE:603568) Days Payable : 154.24 (As of Mar. 2024)

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What is Zhejiang Weiming Environment Protection Co Days Payable?

Zhejiang Weiming Environment Protection Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,833 Mil. Zhejiang Weiming Environment Protection Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,085 Mil. Hence, Zhejiang Weiming Environment Protection Co's Days Payable for the three months ended in Mar. 2024 was 154.24.

The historical rank and industry rank for Zhejiang Weiming Environment Protection Co's Days Payable or its related term are showing as below:

SHSE:603568' s Days Payable Range Over the Past 10 Years
Min: 151.22 Med: 171.19 Max: 221.13
Current: 174.47

During the past 13 years, Zhejiang Weiming Environment Protection Co's highest Days Payable was 221.13. The lowest was 151.22. And the median was 171.19.

SHSE:603568's Days Payable is ranked better than
70.22% of 225 companies
in the Waste Management industry
Industry Median: 71.54 vs SHSE:603568: 174.47

Zhejiang Weiming Environment Protection Co's Days Payable declined from Mar. 2023 (176.16) to Mar. 2024 (154.24). It may suggest that Zhejiang Weiming Environment Protection Co accelerated paying its suppliers.

Zhejiang Weiming Environment Protection Co Days Payable Historical Data

The historical data trend for Zhejiang Weiming Environment Protection 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 Weiming Environment Protection Co Days Payable Chart

Zhejiang Weiming Environment Protection Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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151.98

169.32

202.47

221.13

185.78

Zhejiang Weiming Environment Protection 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															176.16	165.25	170.81	240.00	154.24

Competitive Comparison of Zhejiang Weiming Environment Protection Co's Days Payable

For the Waste Management subindustry, Zhejiang Weiming Environment Protection 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 Weiming Environment Protection Co's Days Payable Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Zhejiang Weiming Environment Protection Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Weiming Environment Protection Co's Days Payable falls into.

Zhejiang Weiming Environment Protection 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 Weiming Environment Protection 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
=	( (1337.673	+	1880.038)	/	2 )	/	3160.955	*	365
=	1608.8555					/	3160.955	*	365
=	185.78

Zhejiang Weiming Environment Protection 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
=	( (1880.038	+	1786.315)	/	2 )	/	1084.553	*	365 / 4
=	1833.1765					/	1084.553	*	365 / 4
=	154.24

Zhejiang Weiming Environment Protection Co Days Payable Related Terms

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Zhejiang Weiming Environment Protection Co (SHSE:603568) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Zhejiang Weiming Environment Protection Co Ltd (SHSE:603568) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

525 Shifu Road, 16th Floor, Tongren Hengjiu Building, Zhejiang, Wenzhou, CHN, 325088

Website

http://www.cnweiming.com

Zhejiang Weiming Environment Protection Co Ltd is a China-based company engaged in solid waste disposal business. It is focused on solid waste-related technological development, equipment manufacturing and sales, project investment, project construction, and operational management. The company is also engaged in waste incineration power generation projects. The company's products include waste incineration grate, boiler, and flue gas treatment system.

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