Suzhou MedicalSystem Technology Co (SHSE:603990) Days Payable : 1,005.35 (As of Mar. 2024)

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What is Suzhou MedicalSystem Technology Co Days Payable?

Suzhou MedicalSystem Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥813.4 Mil. Suzhou MedicalSystem Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥73.8 Mil. Hence, Suzhou MedicalSystem Technology Co's Days Payable for the three months ended in Mar. 2024 was 1,005.35.

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

SHSE:603990' s Days Payable Range Over the Past 10 Years
Min: 93.23 Med: 155.92 Max: 503.28
Current: 503.28

During the past 13 years, Suzhou MedicalSystem Technology Co's highest Days Payable was 503.28. The lowest was 93.23. And the median was 155.92.

SHSE:603990's Days Payable is ranked better than
93.22% of 590 companies
in the Healthcare Providers & Services industry
Industry Median: 61.605 vs SHSE:603990: 503.28

Suzhou MedicalSystem Technology Co's Days Payable increased from Mar. 2023 (611.72) to Mar. 2024 (1,005.35). It may suggest that Suzhou MedicalSystem Technology Co delayed paying its suppliers.

Suzhou MedicalSystem Technology Co Days Payable Historical Data

The historical data trend for Suzhou MedicalSystem 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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Suzhou MedicalSystem Technology Co Days Payable Chart

Suzhou MedicalSystem Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

170.02

179.87

145.61

152.38

325.32

Suzhou MedicalSystem Technology 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															611.72	2,049.09	648.09	280.41	1,005.35

Competitive Comparison of Suzhou MedicalSystem Technology Co's Days Payable

For the Health Information Services subindustry, Suzhou MedicalSystem 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.

Suzhou MedicalSystem Technology Co's Days Payable Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Suzhou MedicalSystem Technology Co's Days Payable distribution charts can be found below:

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

Suzhou MedicalSystem 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.

Suzhou MedicalSystem 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
=	( (31.699	+	845.855)	/	2 )	/	492.292	*	365
=	438.777					/	492.292	*	365
=	325.32

Suzhou MedicalSystem 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
=	( (845.855	+	780.946)	/	2 )	/	73.828	*	365 / 4
=	813.4005					/	73.828	*	365 / 4
=	1,005.35

Suzhou MedicalSystem Technology Co Days Payable Related Terms

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Suzhou MedicalSystem Technology Co (SHSE:603990) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Suzhou MedicalSystem Technology Co Ltd (SHSE:603990) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

222 Guijia Lane, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN, 215021

Website

http://www.medicalsystem.com.cn

Suzhou MedicalSystem Technology Co Ltd develops medical engineering technology and promotes clinical system for operation theatre and intensive care units.

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