Zhejiang Gongdong Medical Technology Co (SHSE:605369) Days Payable : 44.31 (As of Mar. 2024)

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What is Zhejiang Gongdong Medical Technology Co Days Payable?

Zhejiang Gongdong Medical Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥88 Mil. Zhejiang Gongdong Medical Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥182 Mil. Hence, Zhejiang Gongdong Medical Technology Co's Days Payable for the three months ended in Mar. 2024 was 44.31.

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

SHSE:605369' s Days Payable Range Over the Past 10 Years
Min: 35 Med: 59.23 Max: 75
Current: 45.78

During the past 8 years, Zhejiang Gongdong Medical Technology Co's highest Days Payable was 75.00. The lowest was 35.00. And the median was 59.23.

SHSE:605369's Days Payable is ranked worse than
71.52% of 783 companies
in the Medical Devices & Instruments industry
Industry Median: 72.46 vs SHSE:605369: 45.78

Zhejiang Gongdong Medical Technology Co's Days Payable declined from Mar. 2023 (73.42) to Mar. 2024 (44.31). It may suggest that Zhejiang Gongdong Medical Technology Co accelerated paying its suppliers.

Zhejiang Gongdong Medical Technology Co Days Payable Historical Data

The historical data trend for Zhejiang Gongdong Medical 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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Zhejiang Gongdong Medical Technology Co Days Payable Chart

Zhejiang Gongdong Medical Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

75.00

63.21

58.67

59.79

63.32

Zhejiang Gongdong Medical Technology 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															73.42	49.90	44.14	41.76	44.31

Competitive Comparison of Zhejiang Gongdong Medical Technology Co's Days Payable

For the Medical Instruments & Supplies subindustry, Zhejiang Gongdong Medical 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.

Zhejiang Gongdong Medical Technology Co's Days Payable Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Zhejiang Gongdong Medical Technology Co's Days Payable falls into.

Zhejiang Gongdong Medical 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.

Zhejiang Gongdong Medical Technology 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
=	( (147.607	+	80.224)	/	2 )	/	656.691	*	365
=	113.9155					/	656.691	*	365
=	63.32

Zhejiang Gongdong Medical 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
=	( (80.224	+	96.351)	/	2 )	/	181.807	*	365 / 4
=	88.2875					/	181.807	*	365 / 4
=	44.31

Zhejiang Gongdong Medical Technology Co Days Payable Related Terms

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Zhejiang Gongdong Medical Technology Co (SHSE:605369) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Zhejiang Gongdong Medical Technology Co Ltd (SHSE:605369) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10 Beiyuan Avenue, Huangyan District, Zhejiang Province, Taizhou, CHN, 318020

Website

http://www.chinagongdong.com

Zhejiang Gongdong Medical Technology Co Ltd is engaged in production and sales of disposable medical devices, and medical testing supplies. The company's products include Vacuum Blood collection system; Specimen Collection system; Petri Dish Family; Centrifugation Tube; Vaginal Speculum; Surgical Supplies; Pipette tip; Transfer Pipette; Test Tube; Test Tube Racks; and Colorimetric Cup.

Executives

Jiang Xi Xi	senior management
Zhong Wei Feng	Directors, senior managers
Gao Yuan	senior management
Jin Shi Wei	Directors, senior managers
Shi Hui Yong	Director

Zhejiang Gongdong Medical Technology Co (SHSE:605369) Headlines

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