Jinhai Medical Technology (HKSE:02225) Days Payable : 48.32 (As of Dec. 2023)

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What is Jinhai Medical Technology Days Payable?

Jinhai Medical Technology's average Accounts Payable for the six months ended in Dec. 2023 was HK$41.4 Mil. Jinhai Medical Technology's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$156.4 Mil. Hence, Jinhai Medical Technology's Days Payable for the six months ended in Dec. 2023 was 48.32.

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

HKSE:02225' s Days Payable Range Over the Past 10 Years
Min: 6.51 Med: 42.41 Max: 125.43
Current: 52.91

During the past 10 years, Jinhai Medical Technology's highest Days Payable was 125.43. The lowest was 6.51. And the median was 42.41.

HKSE:02225's Days Payable is ranked better than
53.15% of 922 companies
in the Business Services industry
Industry Median: 47.92 vs HKSE:02225: 52.91

Jinhai Medical Technology's Days Payable declined from Dec. 2022 (227.91) to Dec. 2023 (48.32). It may suggest that Jinhai Medical Technology accelerated paying its suppliers.

Jinhai Medical Technology Days Payable Historical Data

The historical data trend for Jinhai Medical 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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Jinhai Medical Technology Days Payable Chart

Jinhai Medical Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

6.51

125.43

118.03

11.09

32.20

Jinhai Medical Technology Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial												6.36	57.41	227.91	121.09	48.32

Competitive Comparison of Jinhai Medical Technology's Days Payable

For the Staffing & Employment Services subindustry, Jinhai Medical 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.

Jinhai Medical Technology's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Jinhai Medical Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Jinhai Medical Technology's Days Payable falls into.

Jinhai Medical 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.

Jinhai Medical 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
=	( (2.747	+	32.022)	/	2 )	/	197.077	*	365
=	17.3845					/	197.077	*	365
=	32.20

Jinhai Medical Technology's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (50.802	+	32.022)	/	2 )	/	156.419	*	365 / 2
=	41.412					/	156.419	*	365 / 2
=	48.32

Jinhai Medical Technology Days Payable Related Terms

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Jinhai Medical Technology (HKSE:02225) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Jinhai Medical Technology Ltd (HKSE:02225) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

31 Sungei Kadut Avenue, Singapore, SGP, 729660

Website

https://www.jin-hai.com.hk

Jinhai International Group Holdings Ltd is a Singapore-based company engaged in the provision of manpower outsourcing and ancillary services to building and construction contractors in Singapore. It also provides dormitory services, IT services, and construction ancillary services including warehousing services, cleaning services, and building maintenance work in Singapore. It earns a vast majority of its revenues from the Manpower outsourcing and ancillary services segment.

Executives

Liu Lei	2101 Beneficial owner
Chen Guobao	2201 Interest of corporation controlled by you
Full Fortune International Co., Ltd.	2101 Beneficial owner
Jiang Xiahong	2202 Interest of your spouse

Jinhai Medical Technology (HKSE:02225) Headlines

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