Qingdao Zhongzi Zhongcheng Group Co (SZSE:300208) Days Payable : 9,297.89 (As of Mar. 2024)

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What is Qingdao Zhongzi Zhongcheng Group Co Days Payable?

Qingdao Zhongzi Zhongcheng Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,017.6 Mil. Qingdao Zhongzi Zhongcheng Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥10.0 Mil. Hence, Qingdao Zhongzi Zhongcheng Group Co's Days Payable for the three months ended in Mar. 2024 was 9,297.89.

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

SZSE:300208' s Days Payable Range Over the Past 10 Years
Min: 59.89 Med: 508.47 Max: 2073.38
Current: 2073.38

During the past 13 years, Qingdao Zhongzi Zhongcheng Group Co's highest Days Payable was 2073.38. The lowest was 59.89. And the median was 508.47.

SZSE:300208's Days Payable is ranked better than
99.39% of 2936 companies
in the Industrial Products industry
Industry Median: 76.705 vs SZSE:300208: 2073.38

Qingdao Zhongzi Zhongcheng Group Co's Days Payable increased from Mar. 2023 (1,082.94) to Mar. 2024 (9,297.89). It may suggest that Qingdao Zhongzi Zhongcheng Group Co delayed paying its suppliers.

Qingdao Zhongzi Zhongcheng Group Co Days Payable Historical Data

The historical data trend for Qingdao Zhongzi Zhongcheng 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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Qingdao Zhongzi Zhongcheng Group Co Days Payable Chart

Qingdao Zhongzi Zhongcheng Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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601.47

586.44

207.90

575.47

1,395.89

Qingdao Zhongzi Zhongcheng 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															1,082.94	1,115.69	2,722.72	2,085.60	9,297.89

Competitive Comparison of Qingdao Zhongzi Zhongcheng Group Co's Days Payable

For the Electrical Equipment & Parts subindustry, Qingdao Zhongzi Zhongcheng 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.

Qingdao Zhongzi Zhongcheng Group Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Qingdao Zhongzi Zhongcheng Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Qingdao Zhongzi Zhongcheng Group Co's Days Payable falls into.

Qingdao Zhongzi Zhongcheng 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.

Qingdao Zhongzi Zhongcheng 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
=	( (836.71	+	1161.779)	/	2 )	/	261.285	*	365
=	999.2445					/	261.285	*	365
=	1,395.89

Qingdao Zhongzi Zhongcheng 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
=	( (1161.779	+	873.465)	/	2 )	/	9.987	*	365 / 4
=	1017.622					/	9.987	*	365 / 4
=	9,297.89

Qingdao Zhongzi Zhongcheng Group Co Days Payable Related Terms

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Qingdao Zhongzi Zhongcheng Group Co (SZSE:300208) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Zhongzi Zhongcheng Group Co Ltd (SZSE:300208) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Chengyang Airport Industrial Park, Qingdao City, CHN, 266108

Website

http://www.qdhsec.com

Qingdao Zhongzi Zhongcheng Group Co Ltd is mainly engaged in green power grids construction, electric power and new energy development, overseas mineral operation, industrial parks development, virtual reality and Internet technology research and development applications and financial investment holding businesses.

Executives

Jia Xiao Yu	Directors, executives
Mo Bai Xin	Secretary Dong
Chen Zhang	Supervisors
Jia Yu Lan	Director
Sun Jian Qiang	Independent director
Xu Mao Shun	Independent director
Wang Tian Wen	Independent director
Yao Gang	Independent director
Jia Quan Chen	Directors, executives
Ying Ming	Supervisors
Chen Xiao Qiang	Directors, executives
Zhang Pei Rong	Supervisors
Fu Da Zhi	Executives
Liu Tao	Executives
Zhang Zhen Bo	Executives

Qingdao Zhongzi Zhongcheng Group Co (SZSE:300208) Headlines

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