Ningbonxing Medical Electric Co (SHSE:601567) Days Payable : 115.22 (As of Mar. 2024)

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What is Ningbonxing Medical Electric Co Days Payable?

Ningbonxing Medical Electric Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,628 Mil. Ningbonxing Medical Electric Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,081 Mil. Hence, Ningbonxing Medical Electric Co's Days Payable for the three months ended in Mar. 2024 was 115.22.

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

SHSE:601567' s Days Payable Range Over the Past 10 Years
Min: 120.65 Med: 147.62 Max: 195.04
Current: 120.65

During the past 13 years, Ningbonxing Medical Electric Co's highest Days Payable was 195.04. The lowest was 120.65. And the median was 147.62.

SHSE:601567's Days Payable is ranked better than
69.89% of 2936 companies
in the Industrial Products industry
Industry Median: 76.705 vs SHSE:601567: 120.65

Ningbonxing Medical Electric Co's Days Payable declined from Mar. 2023 (147.70) to Mar. 2024 (115.22). It may suggest that Ningbonxing Medical Electric Co accelerated paying its suppliers.

Ningbonxing Medical Electric Co Days Payable Historical Data

The historical data trend for Ningbonxing Medical Electric 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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Ningbonxing Medical Electric Co Days Payable Chart

Ningbonxing Medical Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

125.20

135.32

153.14

139.14

125.70

Ningbonxing Medical Electric 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															147.70	107.57	149.28	121.97	115.22

Competitive Comparison of Ningbonxing Medical Electric Co's Days Payable

For the Electrical Equipment & Parts subindustry, Ningbonxing Medical Electric 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.

Ningbonxing Medical Electric Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ningbonxing Medical Electric Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ningbonxing Medical Electric Co's Days Payable falls into.

Ningbonxing Medical Electric 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.

Ningbonxing Medical Electric 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
=	( (2561.059	+	2650.434)	/	2 )	/	7566.257	*	365
=	2605.7465					/	7566.257	*	365
=	125.70

Ningbonxing Medical Electric 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
=	( (2650.434	+	2604.696)	/	2 )	/	2080.948	*	365 / 4
=	2627.565					/	2080.948	*	365 / 4
=	115.22

Ningbonxing Medical Electric Co Days Payable Related Terms

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Ningbonxing Medical Electric Co (SHSE:601567) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Sanxing Medical Electric Co Ltd (SHSE:601567) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.17 Fenglin Road, Cicheng Tow, Jiangbei District, Ningbo, CHN, 315034

Website

http://www.sanxing.com

Ningbo Sanxing Medical Electric Co Ltd operates in the electricity measurement industry. The product portfolio of the group includes the Meter box, Smart substation, Switchgear, Power distribution automation devices and others. Geographically the firm operated through China however its business presence is also seen internationally.

Executives

Zheng Jian Jiang	Director
Guo Su	Directors, senior managers
Shen Guo Ying	Directors, senior managers
Zheng Jun Da	Supervisors
Mou Xi Lei	Directors, senior managers
Xin Ning	Director
Liang Song Luan	senior management
Fu Guo Yi	Supervisors
Li Wei Qing	Director

Ningbonxing Medical Electric Co (SHSE:601567) Headlines

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