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Xiamen Voke Mold & Plastic Engineering Co (SZSE:301196) Days Payable : 65.73 (As of Jun. 2024)


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What is Xiamen Voke Mold & Plastic Engineering Co Days Payable?

Xiamen Voke Mold & Plastic Engineering Co's average Accounts Payable for the three months ended in Jun. 2024 was ¥250 Mil. Xiamen Voke Mold & Plastic Engineering Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥347 Mil. Hence, Xiamen Voke Mold & Plastic Engineering Co's Days Payable for the three months ended in Jun. 2024 was 65.73.

The historical rank and industry rank for Xiamen Voke Mold & Plastic Engineering Co's Days Payable or its related term are showing as below:

SZSE:301196' s Days Payable Range Over the Past 10 Years
Min: 76.1   Med: 86.11   Max: 143.51
Current: 76.1

During the past 7 years, Xiamen Voke Mold & Plastic Engineering Co's highest Days Payable was 143.51. The lowest was 76.10. And the median was 86.11.

SZSE:301196's Days Payable is ranked better than
50.55% of 2934 companies
in the Industrial Products industry
Industry Median: 75.525 vs SZSE:301196: 76.10

Xiamen Voke Mold & Plastic Engineering Co's Days Payable declined from Jun. 2023 (81.40) to Jun. 2024 (65.73). It may suggest that Xiamen Voke Mold & Plastic Engineering Co accelerated paying its suppliers.


Xiamen Voke Mold & Plastic Engineering Co Days Payable Historical Data

The historical data trend for Xiamen Voke Mold & Plastic Engineering 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.

* Premium members only.

Xiamen Voke Mold & Plastic Engineering Co Days Payable Chart

Xiamen Voke Mold & Plastic Engineering Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial 86.11 83.93 78.84 92.11 77.89

Xiamen Voke Mold & Plastic Engineering Co Quarterly Data
Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 81.40 76.35 77.02 85.78 65.73

Competitive Comparison of Xiamen Voke Mold & Plastic Engineering Co's Days Payable

For the Metal Fabrication subindustry, Xiamen Voke Mold & Plastic Engineering 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.


Xiamen Voke Mold & Plastic Engineering Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Xiamen Voke Mold & Plastic Engineering Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Xiamen Voke Mold & Plastic Engineering Co's Days Payable falls into.



Xiamen Voke Mold & Plastic Engineering 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.

Xiamen Voke Mold & Plastic Engineering 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
=( (163.116 + 228.278) / 2 ) / 917.093*365
=195.697 / 917.093*365
=77.89

Xiamen Voke Mold & Plastic Engineering Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

Days Payable (Q: Jun. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2024 ) + Accounts Payable (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (205.744 + 293.769) / 2 ) / 346.748*365 / 4
=249.7565 / 346.748*365 / 4
=65.73

* 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.


Xiamen Voke Mold & Plastic Engineering Co Days Payable Related Terms

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Xiamen Voke Mold & Plastic Engineering Co Business Description

Traded in Other Exchanges
N/A
Address
No. 1152 and No. 1154, Chunguang Road, 1st Floor, Industrial Zone, Torch High-tech Zone, Fujian Province, Xiamen, CHN, 361101
Xiamen Voke Mold & Plastic Engineering Co Ltd is engaged in the research and development, design, manufacturing and sales of precision injection molds.

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