Zhejiang Benli Technology Co (SZSE:301065) Days Payable : 80.60 (As of Mar. 2024)

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What is Zhejiang Benli Technology Co Days Payable?

Zhejiang Benli Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥140.1 Mil. Zhejiang Benli Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥158.6 Mil. Hence, Zhejiang Benli Technology Co's Days Payable for the three months ended in Mar. 2024 was 80.60.

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

SZSE:301065' s Days Payable Range Over the Past 10 Years
Min: 47 Med: 53.57 Max: 73.79
Current: 69

During the past 7 years, Zhejiang Benli Technology Co's highest Days Payable was 73.79. The lowest was 47.00. And the median was 53.57.

SZSE:301065's Days Payable is ranked better than
57.95% of 1503 companies
in the Chemicals industry
Industry Median: 61 vs SZSE:301065: 69.00

Zhejiang Benli Technology Co's Days Payable increased from Mar. 2023 (62.67) to Mar. 2024 (80.60). It may suggest that Zhejiang Benli Technology Co delayed paying its suppliers.

Zhejiang Benli Technology Co Days Payable Historical Data

The historical data trend for Zhejiang Benli 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.

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Zhejiang Benli Technology Co Days Payable Chart

Zhejiang Benli Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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57.44

52.62

53.57

49.67

73.79

Zhejiang Benli Technology 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															62.67	64.43	54.05	69.16	80.60

Competitive Comparison of Zhejiang Benli Technology Co's Days Payable

For the Chemicals subindustry, Zhejiang Benli 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.

Zhejiang Benli Technology Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zhejiang Benli Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Benli Technology Co's Days Payable falls into.

Zhejiang Benli 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.

Zhejiang Benli 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
=	( (93.407	+	140.494)	/	2 )	/	578.496	*	365
=	116.9505					/	578.496	*	365
=	73.79

Zhejiang Benli 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
=	( (140.494	+	139.685)	/	2 )	/	158.6	*	365 / 4
=	140.0895					/	158.6	*	365 / 4
=	80.60

Zhejiang Benli Technology Co Days Payable Related Terms

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Zhejiang Benli Technology Co (SZSE:301065) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Benli Technology Co Ltd (SZSE:301065) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

15 Donghai Sixth Avenue, Toumen Port New District, Zhejiang Province, Linhai, CHN, 317016

Website

http://www.benlitech.com

Zhejiang Benli Technology Co Ltd is engaged in the research and development, production and sales of pharmaceutical intermediates, pesticide intermediates, and new material intermediates.

Zhejiang Benli Technology Co (SZSE:301065) Headlines

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