Hangzhou AGS Medtech Co (SHSE:688581) Days Payable : 161.10 (As of Mar. 2024)

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What is Hangzhou AGS Medtech Co Days Payable?

Hangzhou AGS Medtech Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥55.6 Mil. Hangzhou AGS Medtech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥31.5 Mil. Hence, Hangzhou AGS Medtech Co's Days Payable for the three months ended in Mar. 2024 was 161.10.

The historical rank and industry rank for Hangzhou AGS Medtech Co's Days Payable or its related term are showing as below:

SHSE:688581' s Days Payable Range Over the Past 10 Years
Min: 112.69 Med: 133.16 Max: 283.54
Current: 112.69

During the past 7 years, Hangzhou AGS Medtech Co's highest Days Payable was 283.54. The lowest was 112.69. And the median was 133.16.

SHSE:688581's Days Payable is ranked better than
68.19% of 789 companies
in the Medical Devices & Instruments industry
Industry Median: 73.02 vs SHSE:688581: 112.69

Hangzhou AGS Medtech Co's Days Payable increased from Mar. 2023 (116.90) to Mar. 2024 (161.10). It may suggest that Hangzhou AGS Medtech Co delayed paying its suppliers.

Hangzhou AGS Medtech Co Days Payable Historical Data

The historical data trend for Hangzhou AGS Medtech 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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Hangzhou AGS Medtech Co Days Payable Chart

Hangzhou AGS Medtech Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

127.73

138.58

123.91

125.85

Hangzhou AGS Medtech Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											116.90	92.80	105.33	120.11	161.10

Competitive Comparison of Hangzhou AGS Medtech Co's Days Payable

For the Medical Devices subindustry, Hangzhou AGS Medtech 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.

Hangzhou AGS Medtech Co's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Hangzhou AGS Medtech Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hangzhou AGS Medtech Co's Days Payable falls into.

Hangzhou AGS Medtech 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.

Hangzhou AGS Medtech 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
=	( (40.168	+	62.035)	/	2 )	/	148.208	*	365
=	51.1015					/	148.208	*	365
=	125.85

Hangzhou AGS Medtech 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
=	( (62.035	+	49.142)	/	2 )	/	31.486	*	365 / 4
=	55.5885					/	31.486	*	365 / 4
=	161.10

Hangzhou AGS Medtech Co Days Payable Related Terms

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Hangzhou AGS Medtech Co (SHSE:688581) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Hangzhou AGS Medtech Co Ltd (SHSE:688581) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Kangxin Road, Building 597, Building 5, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311106

Website

http://www.bioags.com

Hangzhou AGS Medtech Co Ltd is engaged in Research & Development, production, and sales of endoscopic minimally invasive diagnosis and treatment devices. The company upholds the core values of create, insist, share, and providing patients and clinicians with safer and more efficient minimally invasive endoscopic devices, helping patients reduce pain and medical costs.

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