Zhejiang Jiaxin Silk (SZSE:002404) Days Payable : 26.38 (As of Mar. 2024)

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What is Zhejiang Jiaxin Silk Days Payable?

Zhejiang Jiaxin Silk's average Accounts Payable for the three months ended in Mar. 2024 was ¥300 Mil. Zhejiang Jiaxin Silk's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,037 Mil. Hence, Zhejiang Jiaxin Silk's Days Payable for the three months ended in Mar. 2024 was 26.38.

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

SZSE:002404' s Days Payable Range Over the Past 10 Years
Min: 27.74 Med: 41.23 Max: 58.42
Current: 27.74

During the past 13 years, Zhejiang Jiaxin Silk's highest Days Payable was 58.42. The lowest was 27.74. And the median was 41.23.

SZSE:002404's Days Payable is ranked worse than
78.05% of 1016 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs SZSE:002404: 27.74

Zhejiang Jiaxin Silk's Days Payable declined from Mar. 2023 (36.16) to Mar. 2024 (26.38). It may suggest that Zhejiang Jiaxin Silk accelerated paying its suppliers.

Zhejiang Jiaxin Silk Days Payable Historical Data

The historical data trend for Zhejiang Jiaxin Silk'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 Jiaxin Silk Days Payable Chart

Zhejiang Jiaxin Silk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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36.90

48.91

36.90

36.25

35.00

Zhejiang Jiaxin Silk 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															36.16	26.15	29.07	32.01	26.38

Competitive Comparison of Zhejiang Jiaxin Silk's Days Payable

For the Apparel Manufacturing subindustry, Zhejiang Jiaxin Silk'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 Jiaxin Silk's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Jiaxin Silk's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Jiaxin Silk's Days Payable falls into.

Zhejiang Jiaxin Silk 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 Jiaxin Silk'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
=	( (366.766	+	340.404)	/	2 )	/	3687.783	*	365
=	353.585					/	3687.783	*	365
=	35.00

Zhejiang Jiaxin Silk'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
=	( (340.404	+	259.033)	/	2 )	/	1036.869	*	365 / 4
=	299.7185					/	1036.869	*	365 / 4
=	26.38

Zhejiang Jiaxin Silk Days Payable Related Terms

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Zhejiang Jiaxin Silk (SZSE:002404) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Jiaxin Silk Corp Ltd (SZSE:002404) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Silk Building No. 22, Zhongshan Road, Zhejiang Province, Jiaxing, CHN

Website

http://www.jxsilk.cn

Zhejiang Jiaxin Silk Corp Ltd is a Chinese silk house. It is engaged in the manufacture of high-grade silk, silk, and clothing. It produces and sales silkworm cocoons, silk, weaving, printing and dyeing, knitting and garments.

Executives

Zhou Guo Jian	Director
Han Shuo	Directors, executives
Zhou Qing Rong	Supervisors
Gu Qun	Director
Feng Jian Ping	Executives
Zhang Ning	Supervisors
Zhu Jian Yong	Supervisors
Zheng Xiao	Directors, Directors, and Executives
Shen Yu Qi	Executives
Xu Hong	Directors, executives
Hu Chuan Guo	Director

Zhejiang Jiaxin Silk (SZSE:002404) Headlines

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