Zhejiang Kan Specialities Material Co (SZSE:002012) Days Payable : 66.18 (As of Mar. 2024)

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What is Zhejiang Kan Specialities Material Co Days Payable?

Zhejiang Kan Specialities Material Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥82.4 Mil. Zhejiang Kan Specialities Material Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥113.6 Mil. Hence, Zhejiang Kan Specialities Material Co's Days Payable for the three months ended in Mar. 2024 was 66.18.

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

SZSE:002012' s Days Payable Range Over the Past 10 Years
Min: 50.17 Med: 63.7 Max: 73.7
Current: 65.17

During the past 13 years, Zhejiang Kan Specialities Material Co's highest Days Payable was 73.70. The lowest was 50.17. And the median was 63.70.

SZSE:002012's Days Payable is ranked better than
55.36% of 280 companies
in the Forest Products industry
Industry Median: 57.46 vs SZSE:002012: 65.17

Zhejiang Kan Specialities Material Co's Days Payable increased from Mar. 2023 (56.03) to Mar. 2024 (66.18). It may suggest that Zhejiang Kan Specialities Material Co delayed paying its suppliers.

Zhejiang Kan Specialities Material Co Days Payable Historical Data

The historical data trend for Zhejiang Kan Specialities Material 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 Kan Specialities Material Co Days Payable Chart

Zhejiang Kan Specialities Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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65.88

60.80

50.17

61.25

73.70

Zhejiang Kan Specialities Material 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															56.03	56.50	63.72	82.95	66.18

Competitive Comparison of Zhejiang Kan Specialities Material Co's Days Payable

For the Paper & Paper Products subindustry, Zhejiang Kan Specialities Material 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 Kan Specialities Material Co's Days Payable Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Zhejiang Kan Specialities Material Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Kan Specialities Material Co's Days Payable falls into.

Zhejiang Kan Specialities Material 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 Kan Specialities Material 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
=	( (179.099	+	97.966)	/	2 )	/	686.119	*	365
=	138.5325					/	686.119	*	365
=	73.70

Zhejiang Kan Specialities Material 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
=	( (97.966	+	66.843)	/	2 )	/	113.623	*	365 / 4
=	82.4045					/	113.623	*	365 / 4
=	66.18

Zhejiang Kan Specialities Material Co Days Payable Related Terms

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Zhejiang Kan Specialities Material Co (SZSE:002012) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Zhejiang Kan Specialities Material Co Ltd (SZSE:002012) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 1008, Kaien Road, Miaogao Town, Suichang County, Zhejiang Province, Lishui, CHN, 323300

Website

http://www.zjkan.com

Zhejiang Kan Specialities Material Co Ltd operates as a specialty paper company. The products offered by the group include Non-heat sealing type tea, Non-woven wallpaper series, Heat-sealed tea filter paper, Vacuum cleaner bag paper and Electrolytic capacitor paper. Geographically it operates through the region of China.

Executives

Zhou Wan Biao	Executives
Wang Bai Lang	Director
Du Jian Cheng	Director
Wang Lei	Director
Zhang Cheng Wei	Supervisors
Ye Yue Yuan	Director

Zhejiang Kan Specialities Material Co (SZSE:002012) Headlines

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