JDM JingDa Machine Ningbo Co (SHSE:603088) Days Payable : 225.67 (As of Mar. 2024)

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What is JDM JingDa Machine Ningbo Co Days Payable?

JDM JingDa Machine Ningbo Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥203.2 Mil. JDM JingDa Machine Ningbo Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥82.2 Mil. Hence, JDM JingDa Machine Ningbo Co's Days Payable for the three months ended in Mar. 2024 was 225.67.

The historical rank and industry rank for JDM JingDa Machine Ningbo Co's Days Payable or its related term are showing as below:

SHSE:603088' s Days Payable Range Over the Past 10 Years
Min: 126.32 Med: 160.06 Max: 184.22
Current: 184.22

During the past 13 years, JDM JingDa Machine Ningbo Co's highest Days Payable was 184.22. The lowest was 126.32. And the median was 160.06.

SHSE:603088's Days Payable is ranked better than
84.12% of 2929 companies
in the Industrial Products industry
Industry Median: 76.43 vs SHSE:603088: 184.22

JDM JingDa Machine Ningbo Co's Days Payable increased from Mar. 2023 (212.55) to Mar. 2024 (225.67). It may suggest that JDM JingDa Machine Ningbo Co delayed paying its suppliers.

JDM JingDa Machine Ningbo Co Days Payable Historical Data

The historical data trend for JDM JingDa Machine Ningbo 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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JDM JingDa Machine Ningbo Co Days Payable Chart

JDM JingDa Machine Ningbo Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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156.27

130.96

126.32

157.45

179.68

JDM JingDa Machine Ningbo 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															212.55	158.59	233.28	154.86	225.67

Competitive Comparison of JDM JingDa Machine Ningbo Co's Days Payable

For the Specialty Industrial Machinery subindustry, JDM JingDa Machine Ningbo 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.

JDM JingDa Machine Ningbo Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, JDM JingDa Machine Ningbo Co's Days Payable distribution charts can be found below:

* The bar in red indicates where JDM JingDa Machine Ningbo Co's Days Payable falls into.

JDM JingDa Machine Ningbo 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.

JDM JingDa Machine Ningbo 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
=	( (192.366	+	209.27)	/	2 )	/	407.931	*	365
=	200.818					/	407.931	*	365
=	179.68

JDM JingDa Machine Ningbo 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
=	( (209.27	+	197.08)	/	2 )	/	82.155	*	365 / 4
=	203.175					/	82.155	*	365 / 4
=	225.67

JDM JingDa Machine Ningbo Co Days Payable Related Terms

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JDM JingDa Machine Ningbo Co (SHSE:603088) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JDM JingDa Machine Ningbo Co Ltd (SHSE:603088) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

377 Jinshan Road, Jiangbei District, Zhejiang Province, Ningbo, CHN, 315033

Website

http://www.nbjingda.com

JDM JingDa Machine Ningbo Co Ltd is engaged in the development, production, and sales of heat exchanger equipment and precision presses. Its products are mainly used in the production of air conditioning heat exchangers in the home appliance industry; microchannel heat transfer and automotive heat exchangers. Its products include Heat exchanger equipment, Press equipment, Micro channel, Powder metallurgy equipment.

Executives

Zheng Gong

Director

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