ZTE (SZSE:000063) Days Payable : 152.49 (As of Mar. 2024)

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What is ZTE Days Payable?

ZTE's average Accounts Payable for the three months ended in Mar. 2024 was ¥29,628 Mil. ZTE's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥17,729 Mil. Hence, ZTE's Days Payable for the three months ended in Mar. 2024 was 152.49.

The historical rank and industry rank for ZTE's Days Payable or its related term are showing as below:

SZSE:000063' s Days Payable Range Over the Past 10 Years
Min: 141.42 Med: 169.32 Max: 196.94
Current: 141.42

During the past 13 years, ZTE's highest Days Payable was 196.94. The lowest was 141.42. And the median was 169.32.

SZSE:000063's Days Payable is ranked better than
83.4% of 2422 companies
in the Hardware industry
Industry Median: 67.83 vs SZSE:000063: 141.42

ZTE's Days Payable declined from Mar. 2023 (164.11) to Mar. 2024 (152.49). It may suggest that ZTE accelerated paying its suppliers.

ZTE Days Payable Historical Data

The historical data trend for ZTE'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.

* Premium members only.

ZTE Days Payable Chart

ZTE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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176.62

147.95

152.06

148.83

145.90

ZTE 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															164.11	142.63	160.88	113.94	152.49

Competitive Comparison of ZTE's Days Payable

For the Communication Equipment subindustry, ZTE'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.

ZTE's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, ZTE's Days Payable distribution charts can be found below:

* The bar in red indicates where ZTE's Days Payable falls into.

ZTE 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.

ZTE'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
=	( (29704.598	+	28374.164)	/	2 )	/	72650.278	*	365
=	29039.381					/	72650.278	*	365
=	145.90

ZTE'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
=	( (28374.164	+	30881.075)	/	2 )	/	17728.784	*	365 / 4
=	29627.6195					/	17728.784	*	365 / 4
=	152.49

ZTE Days Payable Related Terms

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ZTE (SZSE:000063) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ZTE Corp (SZSE:000063) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ZTCOF:USA 00763:Hong Kong FZM:Germany

Address

ZTE Plaza, Keji Road South, Hi-Tech Industrial Park, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website

https://www.zte.com.cn

ZTE Corp offers a suite of telecommunications and information technology equipment to carriers, businesses, and the public sector. The firm's product portfolio covers wireless networks, core networks, fixed access, terminals, and other telecom verticals. ZTE generates a majority of its revenue from equipment supporting carriers' networks, but also provides handset terminals and telecom software systems. PRC region accounts for a majority of the firm's revenue, but ZTE also has a presence in Asia, Africa, Europe and the Americas.

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