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Ossen Innovation Co Days Payable

: 11.76 (As of Jun. 2020)
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Ossen Innovation Co's Accounts Payable for the six months ended in Jun. 2020 was $2.9 Mil. Ossen Innovation Co's Cost of Goods Sold for the six months ended in Jun. 2020 was $44.6 Mil. Hence, Ossen Innovation Co's Days Payable for the six months ended in Jun. 2020 was 11.76.

NAS:OSN' s Days Payable Range Over the Past 10 Years
Min: 0.92   Med: 3.28   Max: 10.65
Current: 9.88

0.92
10.65

During the past 12 years, Ossen Innovation Co's highest Days Payable was 10.65. The lowest was 0.92. And the median was 3.28.

NAS:OSN's Days Payable is ranked lower than
92% of the 551 Companies
in the Steel industry.

( Industry Median: 47.68 vs. NAS:OSN: 9.88 )

Ossen Innovation Co's Days Payable increased from Jun. 2019 (10.53) to Jun. 2020 (11.76). It may suggest that Ossen Innovation Co delayed paying its suppliers.


Ossen Innovation Co Days Payable Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Ossen Innovation Co Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.78 5.44 1.12 0.92 2.98

Ossen Innovation Co Semi-Annual Data
Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20
Days Payable 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 Premium Member Only Premium Member Only Premium Member Only 10.30 0.95 10.53 2.82 11.76

Competitive Comparison
* 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.


Ossen Innovation Co Days Payable Distribution

* The bar in red indicates where Ossen Innovation Co's Days Payable falls into.



Ossen Innovation 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.

Ossen Innovation Co's Days Payable for the fiscal year that ended in Dec. 2019 is calculated as

Days Payable=Accounts Payable/Cost of Goods Sold*Days in Period
=0.951/116.542*365
=2.98

Ossen Innovation Co's Days Payable for the quarter that ended in Jun. 2020 is calculated as:

Days Payable=Accounts Payable/Cost of Goods Sold*Days in Period
=2.874/44.588*365 / 2
=11.76

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Ossen Innovation Co Days Payable Related Terms


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