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Wetouch Technology (Wetouch Technology) Days Payable : 43.42 (As of Dec. 2023)


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What is Wetouch Technology Days Payable?

Wetouch Technology's average Accounts Payable for the three months ended in Dec. 2023 was $1.07 Mil. Wetouch Technology's Cost of Goods Sold for the three months ended in Dec. 2023 was $2.25 Mil. Hence, Wetouch Technology's Days Payable for the three months ended in Dec. 2023 was 43.42.

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

WETH' s Days Payable Range Over the Past 10 Years
Min: 13.82   Med: 16.41   Max: 25.89
Current: 25.89

During the past 5 years, Wetouch Technology's highest Days Payable was 25.89. The lowest was 13.82. And the median was 16.41.

WETH's Days Payable is ranked worse than
83.96% of 1577 companies
in the Real Estate industry
Industry Median: 96.82 vs WETH: 25.89

Wetouch Technology's Days Payable declined from Dec. 2022 (43.55) to Dec. 2023 (43.42). It may suggest that Wetouch Technology accelerated paying its suppliers.

Wetouch Technology Days Payable Historical Data

The historical data trend for Wetouch 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.

* Premium members only.

Wetouch Technology Days Payable Chart

Wetouch Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
14.32 19.57 13.82 16.70 16.41

Wetouch Technology Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 43.55 21.42 31.19 27.84 43.42

Competitive Comparison of Wetouch Technology's Days Payable

For the Real Estate Services subindustry, Wetouch 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.

Wetouch Technology's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Wetouch Technology's Days Payable distribution charts can be found below:

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


Wetouch 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.

Wetouch 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
=( (1.383 + 0.641) / 2 ) / 22.515*365
=1.012 / 22.515*365
=16.41

Wetouch 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: Sep. 2023 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (1.503 + 0.641) / 2 ) / 2.253*365 / 4
=1.072 / 2.253*365 / 4
=43.42

* 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.

Wetouch Technology Days Payable Related Terms

Thank you for viewing the detailed overview of Wetouch Technology's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Wetouch Technology (Wetouch Technology) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Wetouch Technology Inc (NAS:WETH) » Definitions » Days Payable
Comparable Companies
LRHC HWTR ABCP GYRO BRST FTHM NYC OMH MGAG MDJH CSGP CBRE XMAD:CLNX XTER:VNA BEKE TSE:8830 ADX:QHOLDING HKSE:01972 OSTO:AKEL D MIL:INW
Traded in Other Exchanges
N/A
Address
No. 29, Third Main Avenue, Shigao Town, Renshou County, Meishan, Sichuan, CHN, 620500
Website
https://www.wetouchinc.com
Wetouch Technology Inc is a touch panel supplier focused on R & D, production and sales of touch screen products. It offers touchscreens for a variety of applications, including GPS/car entertainment panels for automotive industry, industrial human-machine interface ("HMI"), financial and banking terminals, point of sale, lottery and gaming machines, smart home, robots and charging stations. The Company sells touchscreen products both domestically in China and internationally, covering majority areas in China, Taiwan, South Korea, and Germany.