Well Lead Medical Co (SHSE:603309) Days Payable : 70.77 (As of Mar. 2024)

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What is Well Lead Medical Co Days Payable?

Well Lead Medical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥127 Mil. Well Lead Medical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥164 Mil. Hence, Well Lead Medical Co's Days Payable for the three months ended in Mar. 2024 was 70.77.

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

SHSE:603309' s Days Payable Range Over the Past 10 Years
Min: 47.24 Med: 57.32 Max: 81.98
Current: 63.12

During the past 13 years, Well Lead Medical Co's highest Days Payable was 81.98. The lowest was 47.24. And the median was 57.32.

SHSE:603309's Days Payable is ranked worse than
55.73% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.685 vs SHSE:603309: 63.12

Well Lead Medical Co's Days Payable declined from Mar. 2023 (70.87) to Mar. 2024 (70.77). It may suggest that Well Lead Medical Co accelerated paying its suppliers.

Well Lead Medical Co Days Payable Historical Data

The historical data trend for Well Lead Medical 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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Well Lead Medical Co Days Payable Chart

Well Lead Medical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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53.96

47.24

56.37

68.68

81.98

Well Lead Medical Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															70.87	77.13	59.23	55.37	70.77

Competitive Comparison of Well Lead Medical Co's Days Payable

For the Medical Instruments & Supplies subindustry, Well Lead Medical 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.

Well Lead Medical Co's Days Payable Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Well Lead Medical Co's Days Payable falls into.

Well Lead Medical 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.

Well Lead Medical 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
=	( (178.629	+	158.702)	/	2 )	/	750.921	*	365
=	168.6655					/	750.921	*	365
=	81.98

Well Lead Medical 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
=	( (158.702	+	95.476)	/	2 )	/	163.876	*	365 / 4
=	127.089					/	163.876	*	365 / 4
=	70.77

Well Lead Medical Co Days Payable Related Terms

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Well Lead Medical Co (SHSE:603309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Well Lead Medical Co Ltd (SHSE:603309) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 45-47, South of Guomao Avenue, No. 4, Area C, Jinhu Industrial City, Hualong Town, Panyu District, Guangdong Province, Guangzhou City, CHN, 511434

Website

http://www.welllead.com.cn

Well Lead Medical Co Ltd is engaged in research, production, and sales of medical catheters in anaesthesia, urology, respiratory and hemodialysis region. Its products include Endotracheal Tube, Standar Endotracheal Tube, and Suction Endotracheal Tube. The company products are used in surgery, treatment, first aid, and nursing. The company exports its products to North America, Europe, and Japan.

Well Lead Medical Co (SHSE:603309) Headlines

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