Jiangsu DINGS Intelligent Control Technology Co (BJSE:873593) Days Payable : 56.80 (As of Mar. 2024)

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What is Jiangsu DINGS Intelligent Control Technology Co Days Payable?

Jiangsu DINGS Intelligent Control Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥12.4 Mil. Jiangsu DINGS Intelligent Control Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥19.9 Mil. Hence, Jiangsu DINGS Intelligent Control Technology Co's Days Payable for the three months ended in Mar. 2024 was 56.80.

The historical rank and industry rank for Jiangsu DINGS Intelligent Control Technology Co's Days Payable or its related term are showing as below:

BJSE:873593' s Days Payable Range Over the Past 10 Years
Min: 95.18 Med: 111.23 Max: 133.12
Current: 116.14

During the past 5 years, Jiangsu DINGS Intelligent Control Technology Co's highest Days Payable was 133.12. The lowest was 95.18. And the median was 111.23.

BJSE:873593's Days Payable is ranked better than
68.53% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs BJSE:873593: 116.14

Jiangsu DINGS Intelligent Control Technology Co's Days Payable declined from Mar. 2023 (70.94) to Mar. 2024 (56.80). It may suggest that Jiangsu DINGS Intelligent Control Technology Co accelerated paying its suppliers.

Jiangsu DINGS Intelligent Control Technology Co Days Payable Historical Data

The historical data trend for Jiangsu DINGS Intelligent Control Technology 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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Jiangsu DINGS Intelligent Control Technology Co Days Payable Chart

Jiangsu DINGS Intelligent Control Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

133.12

120.59

103.64

111.23

95.18

Jiangsu DINGS Intelligent Control Technology Co Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial													70.94	133.43	162.86	98.62	56.80

Competitive Comparison of Jiangsu DINGS Intelligent Control Technology Co's Days Payable

For the Electrical Equipment & Parts subindustry, Jiangsu DINGS Intelligent Control Technology 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.

Jiangsu DINGS Intelligent Control Technology Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu DINGS Intelligent Control Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangsu DINGS Intelligent Control Technology Co's Days Payable falls into.

Jiangsu DINGS Intelligent Control Technology 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.

Jiangsu DINGS Intelligent Control Technology Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (31.17	+	42.931)	/	2 )	/	142.08	*	365
=	37.0505					/	142.08	*	365
=	95.18

Jiangsu DINGS Intelligent Control Technology 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
=	( (18.956	+	5.823)	/	2 )	/	19.905	*	365 / 4
=	12.3895					/	19.905	*	365 / 4
=	56.80

Jiangsu DINGS Intelligent Control Technology Co Days Payable Related Terms

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Jiangsu DINGS Intelligent Control Technology Co (BJSE:873593) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu DINGS Intelligent Control Technology Co Ltd (BJSE:873593) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 355, Longjin Road, Lucheng Street, Changzhou Economic Development Zone, Jiangsu Province, Nanjing, CHN, 213000

Website

https://www.dingsmotion.cn

Jiangsu DINGS Intelligent Control Technology Co Ltd engages in the design, development, production, and sales of linear actuators, hybrid stepper motors, DC motors, voice coil motors, and their components. Its product offering comprises Stepper Lead Screw Linear Actuator, Stepper Ball Screw Linear Actuator, PM Linear Actuator, Hybrid Rotary Stepper Motor., Hollow Shaft Stepper Motor, Brushless DC Motor, Slotless Brushless DC Motor, Voice Coil Motor, Motion Controller, Customization Options, Gripper, and DLM Series.

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