Assure Tech (Hangzhou) Co (SHSE:688075) Days Payable : 561.07 (As of Jun. 2024)

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What is Assure Tech (Hangzhou) Co Days Payable?

Assure Tech (Hangzhou) Co's average Accounts Payable for the three months ended in Jun. 2024 was ¥442.3 Mil. Assure Tech (Hangzhou) Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥71.9 Mil. Hence, Assure Tech (Hangzhou) Co's Days Payable for the three months ended in Jun. 2024 was 561.07.

The historical rank and industry rank for Assure Tech (Hangzhou) Co's Days Payable or its related term are showing as below:

SHSE:688075' s Days Payable Range Over the Past 10 Years
Min: 141.36 Med: 180.24 Max: 948.35
Current: 503.54

During the past 7 years, Assure Tech (Hangzhou) Co's highest Days Payable was 948.35. The lowest was 141.36. And the median was 180.24.

SHSE:688075's Days Payable is ranked better than
75.14% of 720 companies
in the Biotechnology industry
Industry Median: 135.18 vs SHSE:688075: 503.54

Assure Tech (Hangzhou) Co's Days Payable declined from Jun. 2023 (1,868.17) to Jun. 2024 (561.07). It may suggest that Assure Tech (Hangzhou) Co accelerated paying its suppliers.

Assure Tech (Hangzhou) Co Days Payable Historical Data

The historical data trend for Assure Tech (Hangzhou) 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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Assure Tech (Hangzhou) Co Days Payable Chart

Assure Tech (Hangzhou) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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141.36

142.67

197.47

169.59

948.35

Assure Tech (Hangzhou) Co Quarterly Data
	Dec18	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															1,868.17	732.63	328.44	589.73	561.07

Competitive Comparison of Assure Tech (Hangzhou) Co's Days Payable

For the Biotechnology subindustry, Assure Tech (Hangzhou) 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.

Assure Tech (Hangzhou) Co's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Assure Tech (Hangzhou) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Assure Tech (Hangzhou) Co's Days Payable falls into.

Assure Tech (Hangzhou) 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.

Assure Tech (Hangzhou) 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
=	( (1033.656	+	475.631)	/	2 )	/	290.445	*	365
=	754.6435					/	290.445	*	365
=	948.35

Assure Tech (Hangzhou) Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (492.67	+	392.025)	/	2 )	/	71.942	*	365 / 4
=	442.3475					/	71.942	*	365 / 4
=	561.07

Assure Tech (Hangzhou) Co Days Payable Related Terms

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Assure Tech (Hangzhou) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Assure Tech (Hangzhou) Co Ltd (SHSE:688075) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1418-50,Moganshan Road, Building 4, Gongshu District, Hangzhou, CHN

Website

http://www.diareagent.com

Assure Tech (Hangzhou) Co Ltd is a biotechnology company. The company is engaged in research & development, production, sell of diagnostic reagents, POCT and biological materials.

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