Allied Machinery Co (SHSE:605060) Days Payable : 93.91 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Allied Machinery Co Days Payable?

Allied Machinery Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥196 Mil. Allied Machinery Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥190 Mil. Hence, Allied Machinery Co's Days Payable for the three months ended in Mar. 2024 was 93.91.

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

SHSE:605060' s Days Payable Range Over the Past 10 Years
Min: 64.05 Med: 78.39 Max: 105.62
Current: 93.53

During the past 8 years, Allied Machinery Co's highest Days Payable was 105.62. The lowest was 64.05. And the median was 78.39.

SHSE:605060's Days Payable is ranked better than
59.51% of 2929 companies
in the Industrial Products industry
Industry Median: 76.43 vs SHSE:605060: 93.53

Allied Machinery Co's Days Payable declined from Mar. 2023 (98.23) to Mar. 2024 (93.91). It may suggest that Allied Machinery Co accelerated paying its suppliers.

Allied Machinery Co Days Payable Historical Data

The historical data trend for Allied Machinery 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.

Allied Machinery Co Days Payable Chart

Allied Machinery Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

72.91

64.05

66.47

79.59

92.77

Allied Machinery Co Quarterly Data
	Dec17	Dec18	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															98.23	88.13	96.93	98.79	93.91

Competitive Comparison of Allied Machinery Co's Days Payable

For the Specialty Industrial Machinery subindustry, Allied Machinery 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.

Allied Machinery Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Allied Machinery Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Allied Machinery Co's Days Payable falls into.

Allied Machinery 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.

Allied Machinery 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
=	( (183.609	+	202.052)	/	2 )	/	758.661	*	365
=	192.8305					/	758.661	*	365
=	92.77

Allied Machinery 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
=	( (202.052	+	189.117)	/	2 )	/	190.041	*	365 / 4
=	195.5845					/	190.041	*	365 / 4
=	93.91

Allied Machinery Co Days Payable Related Terms

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

Allied Machinery Co (SHSE:605060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Allied Machinery Co Ltd (SHSE:605060) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 77, 18th Street,, Economic and Technological Development Zone, Zhejiang Province, Hangzhou, CHN, 310018

Website

http://www.allied-machinery.com

Allied Machinery Co Ltd is a a full service provider of machined castings for industry. It supplies machined castings for industries worldwide.

Executives

Sun Yuan

Director

Allied Machinery Co (SHSE:605060) Headlines

No Headlines