Zhongji Innolight Co (SZSE:300308) Days Payable : 72.81 (As of Mar. 2024)

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What is Zhongji Innolight Co Days Payable?

Zhongji Innolight Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,598 Mil. Zhongji Innolight Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,256 Mil. Hence, Zhongji Innolight Co's Days Payable for the three months ended in Mar. 2024 was 72.81.

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

SZSE:300308' s Days Payable Range Over the Past 10 Years
Min: 73.03 Med: 103.46 Max: 179.96
Current: 73.03

During the past 13 years, Zhongji Innolight Co's highest Days Payable was 179.96. The lowest was 73.03. And the median was 103.46.

SZSE:300308's Days Payable is ranked worse than
52.98% of 2933 companies
in the Industrial Products industry
Industry Median: 76.43 vs SZSE:300308: 73.03

Zhongji Innolight Co's Days Payable declined from Mar. 2023 (82.56) to Mar. 2024 (72.81). It may suggest that Zhongji Innolight Co accelerated paying its suppliers.

Zhongji Innolight Co Days Payable Historical Data

The historical data trend for Zhongji Innolight 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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Zhongji Innolight Co Days Payable Chart

Zhongji Innolight Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

124.91

107.68

99.14

75.49

90.00

Zhongji Innolight 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															82.56	61.06	67.76	78.79	72.81

Competitive Comparison of Zhongji Innolight Co's Days Payable

For the Specialty Industrial Machinery subindustry, Zhongji Innolight 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.

Zhongji Innolight Co's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Zhongji Innolight Co's Days Payable falls into.

Zhongji Innolight 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.

Zhongji Innolight 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
=	( (1378.223	+	2163.483)	/	2 )	/	7181.877	*	365
=	1770.853					/	7181.877	*	365
=	90.00

Zhongji Innolight 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
=	( (2163.483	+	3032.944)	/	2 )	/	3256.173	*	365 / 4
=	2598.2135					/	3256.173	*	365 / 4
=	72.81

Zhongji Innolight Co Days Payable Related Terms

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Zhongji Innolight Co (SZSE:300308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhongji Innolight Co Ltd (SZSE:300308) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhuyouguan Town Industrial Park, Shandong province, Longkou, CHN

Website

http://www.zhongji.cc

Zhongji Innolight Co Ltd is a China-based company engaged in the manufacturing workshop, assembly workshop and debugging workshop. It develops, designs, manufactures and sells motor stator windings manufacturing equipment.

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