Zoje Resources Investment Co (SZSE:002021) Days Payable : 207.99 (As of Mar. 2024)

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What is Zoje Resources Investment Co Days Payable?

Zoje Resources Investment Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥487.5 Mil. Zoje Resources Investment Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥213.9 Mil. Hence, Zoje Resources Investment Co's Days Payable for the three months ended in Mar. 2024 was 207.99.

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

SZSE:002021' s Days Payable Range Over the Past 10 Years
Min: 113.91 Med: 171.79 Max: 310.45
Current: 299.42

During the past 13 years, Zoje Resources Investment Co's highest Days Payable was 310.45. The lowest was 113.91. And the median was 171.79.

SZSE:002021's Days Payable is ranked better than
94.89% of 2936 companies
in the Industrial Products industry
Industry Median: 76.705 vs SZSE:002021: 299.42

Zoje Resources Investment Co's Days Payable declined from Mar. 2023 (248.88) to Mar. 2024 (207.99). It may suggest that Zoje Resources Investment Co accelerated paying its suppliers.

Zoje Resources Investment Co Days Payable Historical Data

The historical data trend for Zoje Resources Investment 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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Zoje Resources Investment Co Days Payable Chart

Zoje Resources Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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180.13

167.24

176.33

265.99

310.45

Zoje Resources Investment 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															248.88	329.33	366.88	389.20	207.99

Competitive Comparison of Zoje Resources Investment Co's Days Payable

For the Specialty Industrial Machinery subindustry, Zoje Resources Investment 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.

Zoje Resources Investment Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zoje Resources Investment Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zoje Resources Investment Co's Days Payable falls into.

Zoje Resources Investment 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.

Zoje Resources Investment 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
=	( (473.675	+	539.508)	/	2 )	/	595.61	*	365
=	506.5915					/	595.61	*	365
=	310.45

Zoje Resources Investment 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
=	( (539.508	+	435.491)	/	2 )	/	213.877	*	365 / 4
=	487.4995					/	213.877	*	365 / 4
=	207.99

Zoje Resources Investment Co Days Payable Related Terms

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Zoje Resources Investment Co (SZSE:002021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zoje Resources Investment Co Ltd (SZSE:002021) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 198, Xinggang East Road, Damaiyu Street, Zhejiang Province, Yuhuan, CHN, 317604

Website

http://www.zoje.com

Zoje Resources Investment Co Ltd is a China-based machine industry company. It is engaged in the manufacturing and distribution of sewing machines, accessories, sewing machine castings and components of engineering machines. The company sells its products in the china and overseas markets.

Executives

Lai Xiao Hong	Executives
Ye Li Fen	Executives
Ma Jian Cheng	Director
Wang Duan	Directors, executives
Zheng Xue Guo	Directors, executives
Ding Guang Ping	Director
Tang Wei Bin	Executives
Liu Chang Gui	Directors, executives
Li Rui Yuan	Directors, executives
Jin Qi Zhu	Supervisors
Wang Ming Jian	Director
Xu Ren Shun	Directors, executives
Dan Sheng Yuan	Director
Zhang Zhi You	Directors, executives

Zoje Resources Investment Co (SZSE:002021) Headlines

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