Ossen Innovation Co (Ossen Innovation Co) Days Payable : 4.50 (As of Dec. 2020)

View and export this data going back to 2010. Start your Free Trial

What is Ossen Innovation Co Days Payable?

Ossen Innovation Co's average Accounts Payable for the six months ended in Dec. 2020 was $1.7 Mil. Ossen Innovation Co's Cost of Goods Sold for the six months ended in Dec. 2020 was $70.3 Mil. Hence, Ossen Innovation Co's Days Payable for the six months ended in Dec. 2020 was 4.50.

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

OSN' s Days Payable Range Over the Past 10 Years
Min: 1.03 Med: 2.69 Max: 9.14
Current: 4.68

During the past 13 years, Ossen Innovation Co's highest Days Payable was 9.14. The lowest was 1.03. And the median was 2.69.

OSN's Days Payable is not ranked
in the Steel industry.
Industry Median: 39.7 vs OSN: 4.68

Ossen Innovation Co's Days Payable declined from Dec. 2019 (6.11) to Dec. 2020 (4.50). It may suggest that Ossen Innovation Co accelerated paying its suppliers.

Ossen Innovation Co Days Payable Historical Data

The historical data trend for Ossen Innovation 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.

Ossen Innovation Co Days Payable Chart

Ossen Innovation Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Payable

Get a 7-Day Free Trial

6.15

2.89

1.03

1.94

2.45

Ossen Innovation Co Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Days Payable	Get a 7-Day Free Trial															6.04	5.74	6.11	7.83	4.50

Competitive Comparison of Ossen Innovation Co's Days Payable

For the Steel subindustry, Ossen Innovation 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.

Ossen Innovation Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ossen Innovation Co's Days Payable distribution charts can be found below:

* 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. 2020 is calculated as

	Days Payable (A: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2019 )	+	Accounts Payable (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (0.951	+	0.591)	/	2 )	/	114.855	*	365
=	0.771					/	114.855	*	365
=	2.45

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

	Days Payable (Q: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2020 )	+	Accounts Payable (Q: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
=	( (2.874	+	0.591)	/	2 )	/	70.267	*	365 / 2
=	1.7325					/	70.267	*	365 / 2
=	4.50

Ossen Innovation Co Days Payable Related Terms

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

Ossen Innovation Co (Ossen Innovation Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ossen Innovation Co Ltd (NAS:OSN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

518 Shangcheng Road, Floor 17, Shanghai, CHN, 200120

Website

http://www.osseninnovation.com

Ossen Innovation Co Ltd designs, engineers, manufactures, and sells prestressed steel materials. The company's materials are used in the construction of bridges, highways and other infrastructure projects in the People's Republic of China and internationally. Its product is categorized as coated products and uncoated products. Its coated products include zinc, rare earth and plain surface prestressed concrete.It is used in the construction of new bridges and the renovation of older bridges. Uncoated products consist of wires that are twisted into a bundle and used in precast concrete plates on the riding surface of bridges. It is categorized based on size, strength, and structure.