Zhongbai Holdings Group Co (SZSE:000759) Days Payable : 73.10 (As of Mar. 2024)

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What is Zhongbai Holdings Group Co Days Payable?

Zhongbai Holdings Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,039 Mil. Zhongbai Holdings Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,545 Mil. Hence, Zhongbai Holdings Group Co's Days Payable for the three months ended in Mar. 2024 was 73.10.

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

SZSE:000759' s Days Payable Range Over the Past 10 Years
Min: 59.65 Med: 69.33 Max: 100.15
Current: 89.46

During the past 13 years, Zhongbai Holdings Group Co's highest Days Payable was 100.15. The lowest was 59.65. And the median was 69.33.

SZSE:000759's Days Payable is ranked better than
87.54% of 305 companies
in the Retail - Defensive industry
Industry Median: 44.54 vs SZSE:000759: 89.46

Zhongbai Holdings Group Co's Days Payable declined from Mar. 2023 (86.73) to Mar. 2024 (73.10). It may suggest that Zhongbai Holdings Group Co accelerated paying its suppliers.

Zhongbai Holdings Group Co Days Payable Historical Data

The historical data trend for Zhongbai Holdings 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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Zhongbai Holdings Group Co Days Payable Chart

Zhongbai Holdings Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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69.99

94.90

97.53

100.15

98.28

Zhongbai Holdings 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															86.73	94.69	88.72	104.71	73.10

Competitive Comparison of Zhongbai Holdings Group Co's Days Payable

For the Discount Stores subindustry, Zhongbai Holdings 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.

Zhongbai Holdings Group Co's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Zhongbai Holdings Group Co's Days Payable distribution charts can be found below:

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

Zhongbai Holdings 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.

Zhongbai Holdings 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
=	( (2698.301	+	2053.781)	/	2 )	/	8823.962	*	365
=	2376.041					/	8823.962	*	365
=	98.28

Zhongbai Holdings 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
=	( (2053.781	+	2023.227)	/	2 )	/	2544.71	*	365 / 4
=	2038.504					/	2544.71	*	365 / 4
=	73.10

Zhongbai Holdings Group Co Days Payable Related Terms

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Zhongbai Holdings Group Co (SZSE:000759) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Zhongbai Holdings Group Co Ltd (SZSE:000759) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

65-71 Nanniwan Road, Gutian 2nd Road, Block B, Building 8, HSBC Enterprise Headquarters, Hubei, Wuhan, CHN, 430035

Website

http://www.whzb.com

Zhongbai Holdings Group Co Ltd located in China is engaged mainly in retailing. The company exists in the form of a variety of business such as a supermarket and online shopping malls. It also engages in trade and logistics.

Executives

Liu Wen Lan	Director
Zhao Lin	Executives
Yin Yan Hong	Supervisors
Cheng Jun	Executives
Yang Xiao Hong	Executives
He Li Jun	Supervisors
Liu Cong	Director
Wang Hui	Executives
Peng Bo	Directors, executives
Wang Chun	Directors, executives
Zhang Dong Sheng	Directors, executives
Zhu Xin Rong	Independent director
Wang Ai Qun	Director
Zhang Jin Song	Directors, executives
Tang Jun	Director

Zhongbai Holdings Group Co (SZSE:000759) Headlines

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