Fujian Zitian Media Technology Co (SZSE:300280) Days Payable : 181.65 (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Fujian Zitian Media Technology Co Days Payable?

Fujian Zitian Media Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥902 Mil. Fujian Zitian Media Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥453 Mil. Hence, Fujian Zitian Media Technology Co's Days Payable for the three months ended in Mar. 2024 was 181.65.

The historical rank and industry rank for Fujian Zitian Media Technology Co's Days Payable or its related term are showing as below:

SZSE:300280' s Days Payable Range Over the Past 10 Years
Min: 42.83 Med: 101.64 Max: 325.96
Current: 185.2

During the past 13 years, Fujian Zitian Media Technology Co's highest Days Payable was 325.96. The lowest was 42.83. And the median was 101.64.

SZSE:300280's Days Payable is ranked better than
76.13% of 926 companies
in the Media - Diversified industry
Industry Median: 79.395 vs SZSE:300280: 185.20

Fujian Zitian Media Technology Co's Days Payable declined from Mar. 2023 (244.81) to Mar. 2024 (181.65). It may suggest that Fujian Zitian Media Technology Co accelerated paying its suppliers.

Fujian Zitian Media Technology Co Days Payable Historical Data

The historical data trend for Fujian Zitian Media Technology 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.

* Premium members only.

Fujian Zitian Media Technology Co Days Payable Chart

Fujian Zitian Media Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

103.52

162.81

275.63

325.96

251.96

Fujian Zitian Media Technology 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															244.81	196.95	108.35	351.89	181.65

Competitive Comparison of Fujian Zitian Media Technology Co's Days Payable

For the Advertising Agencies subindustry, Fujian Zitian Media Technology 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.

Fujian Zitian Media Technology Co's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Fujian Zitian Media Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Fujian Zitian Media Technology Co's Days Payable falls into.

Fujian Zitian Media Technology 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.

Fujian Zitian Media Technology 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
=	( (1542.999	+	1396.245)	/	2 )	/	2128.943	*	365
=	1469.622					/	2128.943	*	365
=	251.96

Fujian Zitian Media Technology 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
=	( (1396.245	+	408.01)	/	2 )	/	453.176	*	365 / 4
=	902.1275					/	453.176	*	365 / 4
=	181.65

Fujian Zitian Media Technology Co Days Payable Related Terms

Thank you for viewing the detailed overview of Fujian Zitian Media Technology Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Fujian Zitian Media Technology Co (SZSE:300280) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Fujian Zitian Media Technology Co Ltd (SZSE:300280) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

South side of Aofeng Road, Aofeng Street, Property building on the first floor of Chuangshi Building, Taijiang District, Fujian Province, Fuzhou, CHN, 350004

Website

http://www.psdmt.com

Fujian Zitian Media Technology Co Ltd is engaged in the business of modern advertising service business, including building media advertising and Internet advertising.

Fujian Zitian Media Technology Co (SZSE:300280) Headlines

No Headlines