Zangge Mining Co (SZSE:000408) Days Payable : 92.14 (As of Mar. 2024)

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What is Zangge Mining Co Days Payable?

Zangge Mining Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥309 Mil. Zangge Mining Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥306 Mil. Hence, Zangge Mining Co's Days Payable for the three months ended in Mar. 2024 was 92.14.

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

SZSE:000408' s Days Payable Range Over the Past 10 Years
Min: 56.15 Med: 118.91 Max: 575.88
Current: 56.15

During the past 13 years, Zangge Mining Co's highest Days Payable was 575.88. The lowest was 56.15. And the median was 118.91.

SZSE:000408's Days Payable is ranked worse than
55.03% of 1501 companies
in the Chemicals industry
Industry Median: 60.45 vs SZSE:000408: 56.15

Zangge Mining Co's Days Payable increased from Mar. 2023 (52.83) to Mar. 2024 (92.14). It may suggest that Zangge Mining Co delayed paying its suppliers.

Zangge Mining Co Days Payable Historical Data

The historical data trend for Zangge Mining 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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Zangge Mining Co Days Payable Chart

Zangge Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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199.24

126.28

66.40

62.21

63.13

Zangge Mining 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															52.83	55.57	39.63	56.01	92.14

Competitive Comparison of Zangge Mining Co's Days Payable

For the Chemicals subindustry, Zangge Mining 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.

Zangge Mining Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zangge Mining Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zangge Mining Co's Days Payable falls into.

Zangge Mining 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.

Zangge Mining 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
=	( (273.109	+	355.167)	/	2 )	/	1816.173	*	365
=	314.138					/	1816.173	*	365
=	63.13

Zangge Mining 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
=	( (355.167	+	263.366)	/	2 )	/	306.282	*	365 / 4
=	309.2665					/	306.282	*	365 / 4
=	92.14

Zangge Mining Co Days Payable Related Terms

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Zangge Mining Co (SZSE:000408) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zangge Mining Co Ltd (SZSE:000408) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 15-02, Kunlun South Road, Qinghai Province, Golmud, CHN, 056200

Website

https://www.zgmining.com

Zangge Mining Co Ltd is engaged in the manufacturing of chemicals and fertilizers including potassium chloride, fertilizers, and among others. It operates through subsidiary that is engaged in the production and sales of potassium chloride.

Zangge Mining Co (SZSE:000408) Headlines

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