Hubei Zhongyi Technology (SZSE:301150) Days Payable : 103.34 (As of Mar. 2024)

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What is Hubei Zhongyi Technology Days Payable?

Hubei Zhongyi Technology's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,086 Mil. Hubei Zhongyi Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥959 Mil. Hence, Hubei Zhongyi Technology's Days Payable for the three months ended in Mar. 2024 was 103.34.

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

SZSE:301150' s Days Payable Range Over the Past 10 Years
Min: 14.21 Med: 29.19 Max: 83.01
Current: 83.01

During the past 7 years, Hubei Zhongyi Technology's highest Days Payable was 83.01. The lowest was 14.21. And the median was 29.19.

SZSE:301150's Days Payable is ranked better than
54.31% of 2935 companies
in the Industrial Products industry
Industry Median: 76.43 vs SZSE:301150: 83.01

Hubei Zhongyi Technology's Days Payable increased from Mar. 2023 (49.58) to Mar. 2024 (103.34). It may suggest that Hubei Zhongyi Technology delayed paying its suppliers.

Hubei Zhongyi Technology Days Payable Historical Data

The historical data trend for Hubei Zhongyi Technology'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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Hubei Zhongyi Technology Days Payable Chart

Hubei Zhongyi Technology Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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14.21

29.19

38.62

34.29

75.02

Hubei Zhongyi Technology 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															49.58	64.55	69.18	92.96	103.34

Competitive Comparison of Hubei Zhongyi Technology's Days Payable

For the Electrical Equipment & Parts subindustry, Hubei Zhongyi Technology'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.

Hubei Zhongyi Technology's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hubei Zhongyi Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Hubei Zhongyi Technology's Days Payable falls into.

Hubei Zhongyi Technology 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.

Hubei Zhongyi Technology'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
=	( (211.33	+	1106.537)	/	2 )	/	3206.044	*	365
=	658.9335					/	3206.044	*	365
=	75.02

Hubei Zhongyi Technology'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
=	( (1106.537	+	1065.811)	/	2 )	/	959.081	*	365 / 4
=	1086.174					/	959.081	*	365 / 4
=	103.34

Hubei Zhongyi Technology Days Payable Related Terms

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Hubei Zhongyi Technology (SZSE:301150) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hubei Zhongyi Technology Inc (SZSE:301150) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 47, Mengze Avenue South, Economic Development Zone, Hubei Province, Yunmeng, CHN, 432500

Website

http://www.c1cf.com

Hubei Zhongyi Technology Inc is engaged in the research and development, production and sales of various single and double-sided optical high-performance electrolytic copper foil series products.

Hubei Zhongyi Technology (SZSE:301150) Headlines

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