Zhejiang XCC Group Co (SHSE:603667) Days Payable : 99.83 (As of Mar. 2024)

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What is Zhejiang XCC Group Co Days Payable?

Zhejiang XCC Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥708 Mil. Zhejiang XCC Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥647 Mil. Hence, Zhejiang XCC Group Co's Days Payable for the three months ended in Mar. 2024 was 99.83.

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

SHSE:603667' s Days Payable Range Over the Past 10 Years
Min: 83.99 Med: 94.56 Max: 113.22
Current: 107.7

During the past 13 years, Zhejiang XCC Group Co's highest Days Payable was 113.22. The lowest was 83.99. And the median was 94.56.

SHSE:603667's Days Payable is ranked better than
65.45% of 2932 companies
in the Industrial Products industry
Industry Median: 76.415 vs SHSE:603667: 107.70

Zhejiang XCC Group Co's Days Payable increased from Mar. 2023 (98.83) to Mar. 2024 (99.83). It may suggest that Zhejiang XCC Group Co delayed paying its suppliers.

Zhejiang XCC Group Co Days Payable Historical Data

The historical data trend for Zhejiang XCC 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 XCC Group Co Days Payable Chart

Zhejiang XCC Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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97.11

103.56

99.79

89.22

90.03

Zhejiang XCC 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															98.83	90.57	105.59	139.55	99.83

Competitive Comparison of Zhejiang XCC Group Co's Days Payable

For the Tools & Accessories subindustry, Zhejiang XCC 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 XCC Group Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang XCC Group Co's Days Payable distribution charts can be found below:

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

Zhejiang XCC 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 XCC 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
=	( (657.836	+	605.636)	/	2 )	/	2561.273	*	365
=	631.736					/	2561.273	*	365
=	90.03

Zhejiang XCC 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
=	( (605.636	+	809.887)	/	2 )	/	646.903	*	365 / 4
=	707.7615					/	646.903	*	365 / 4
=	99.83

Zhejiang XCC Group Co Days Payable Related Terms

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Zhejiang XCC Group Co (SHSE:603667) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang XCC Group Co Ltd (SHSE:603667) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.199, Taitan Main Road, Xinchang County, Zhejiang Province, Shaoxing, CHN, 312500

Website

http://www.xcc-zxz.com

Zhejiang XCC Group Co Ltd is operating in the bearing industry. The company mainly produces high-precision, low-noise deep groove ball bearing, auto hub bearing, the precision bearing of numerical control machine, high-speed and precision bearing of thread spinner, shaft bearing and motor bearing. The company also deals with auto parts and technical equipment. Its products are mainly sold to the United States of America, Japan, Korea, Brazil and other regions.

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