Zhejiang Jingsheng Mechanical and Electrical Co (SZSE:300316) Days Payable : 230.45 (As of Mar. 2024)

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What is Zhejiang Jingsheng Mechanical and Electrical Co Days Payable?

Zhejiang Jingsheng Mechanical and Electrical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥6,433 Mil. Zhejiang Jingsheng Mechanical and Electrical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,547 Mil. Hence, Zhejiang Jingsheng Mechanical and Electrical Co's Days Payable for the three months ended in Mar. 2024 was 230.45.

The historical rank and industry rank for Zhejiang Jingsheng Mechanical and Electrical Co's Days Payable or its related term are showing as below:

SZSE:300316' s Days Payable Range Over the Past 10 Years
Min: 125.78 Med: 250.83 Max: 351.58
Current: 223.13

During the past 13 years, Zhejiang Jingsheng Mechanical and Electrical Co's highest Days Payable was 351.58. The lowest was 125.78. And the median was 250.83.

SZSE:300316's Days Payable is ranked better than
92.41% of 962 companies
in the Semiconductors industry
Industry Median: 51.83 vs SZSE:300316: 223.13

Zhejiang Jingsheng Mechanical and Electrical Co's Days Payable declined from Mar. 2023 (274.42) to Mar. 2024 (230.45). It may suggest that Zhejiang Jingsheng Mechanical and Electrical Co accelerated paying its suppliers.

Zhejiang Jingsheng Mechanical and Electrical Co Days Payable Historical Data

The historical data trend for Zhejiang Jingsheng Mechanical and Electrical 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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Zhejiang Jingsheng Mechanical and Electrical Co Days Payable Chart

Zhejiang Jingsheng Mechanical and Electrical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

282.15

350.82

351.58

298.39

228.46

Zhejiang Jingsheng Mechanical and Electrical 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															274.42	231.93	213.15	231.05	230.45

Competitive Comparison of Zhejiang Jingsheng Mechanical and Electrical Co's Days Payable

For the Semiconductor Equipment & Materials subindustry, Zhejiang Jingsheng Mechanical and Electrical 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.

Zhejiang Jingsheng Mechanical and Electrical Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Zhejiang Jingsheng Mechanical and Electrical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Jingsheng Mechanical and Electrical Co's Days Payable falls into.

Zhejiang Jingsheng Mechanical and Electrical 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.

Zhejiang Jingsheng Mechanical and Electrical 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
=	( (6350.22	+	6784.83)	/	2 )	/	10492.709	*	365
=	6567.525					/	10492.709	*	365
=	228.46

Zhejiang Jingsheng Mechanical and Electrical 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
=	( (6784.83	+	6080.293)	/	2 )	/	2547.045	*	365 / 4
=	6432.5615					/	2547.045	*	365 / 4
=	230.45

Zhejiang Jingsheng Mechanical and Electrical Co Days Payable Related Terms

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Zhejiang Jingsheng Mechanical and Electrical Co (SZSE:300316) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Zhejiang Jingsheng Mechanical and Electrical Co Ltd (SZSE:300316) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.218 West Tongjiang Road, Economic Development Zone, Zhejiang Province, Shangyu District, Shaoxing, CHN, 312300

Website

http://www.jsjd.cc

Zhejiang Jingsheng Mechanical and Electrical Co Ltd is a China-based company engaged in the equipment research and development, manufacturing and marketing for semiconductor and photovoltaic material industry. Its products include automatic CZ crystalline growing furnace, and others, which are applied in semiconductor, PV field, IGBT power device, LED photoelectron and sapphire window material, and other areas. The company supplies and provides equipment and sapphire crystal material of semiconductor silicon material, PV silicon material LED detection and lighting and others.

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