ZheJiang Taifu Pump Co (SZSE:300992) Days Payable : 195.69 (As of Mar. 2024)

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What is ZheJiang Taifu Pump Co Days Payable?

ZheJiang Taifu Pump Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥268.9 Mil. ZheJiang Taifu Pump Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥125.4 Mil. Hence, ZheJiang Taifu Pump Co's Days Payable for the three months ended in Mar. 2024 was 195.69.

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

SZSE:300992' s Days Payable Range Over the Past 10 Years
Min: 63.65 Med: 93.45 Max: 139.76
Current: 139.76

During the past 7 years, ZheJiang Taifu Pump Co's highest Days Payable was 139.76. The lowest was 63.65. And the median was 93.45.

SZSE:300992's Days Payable is ranked better than
75.2% of 2936 companies
in the Industrial Products industry
Industry Median: 76.705 vs SZSE:300992: 139.76

ZheJiang Taifu Pump Co's Days Payable increased from Mar. 2023 (118.04) to Mar. 2024 (195.69). It may suggest that ZheJiang Taifu Pump Co delayed paying its suppliers.

ZheJiang Taifu Pump Co Days Payable Historical Data

The historical data trend for ZheJiang Taifu Pump 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 Taifu Pump Co Days Payable Chart

ZheJiang Taifu Pump Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

63.65

93.45

90.30

97.72

130.77

ZheJiang Taifu Pump Co Quarterly Data
	Dec18	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															118.04	105.19	139.84	131.07	195.69

Competitive Comparison of ZheJiang Taifu Pump Co's Days Payable

For the Specialty Industrial Machinery subindustry, ZheJiang Taifu Pump 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 Taifu Pump Co's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where ZheJiang Taifu Pump Co's Days Payable falls into.

ZheJiang Taifu Pump 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 Taifu Pump 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
=	( (111.568	+	281.996)	/	2 )	/	549.26	*	365
=	196.782					/	549.26	*	365
=	130.77

ZheJiang Taifu Pump 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
=	( (281.996	+	255.733)	/	2 )	/	125.369	*	365 / 4
=	268.8645					/	125.369	*	365 / 4
=	195.69

ZheJiang Taifu Pump Co Days Payable Related Terms

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ZheJiang Taifu Pump Co (SZSE:300992) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ZheJiang Taifu Pump Co Ltd (SZSE:300992) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Southeast Industrial Park, Songmen Town, Wenling City, Zhejiang Province, Taizhou, CHN, 317511

Website

https://www.chinataifu.com

ZheJiang Taifu Pump Co Ltd is engaged in the research and development, production and sales of civil water pumps.

Executives

Mao Shi Liang

Director

ZheJiang Taifu Pump Co (SZSE:300992) Headlines

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