Kinco Automation (Shanghai) Co (SHSE:688160) Days Payable : 115.34 (As of Sep. 2024)

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What is Kinco Automation (Shanghai) Co Days Payable?

Kinco Automation (Shanghai) Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥111.1 Mil. Kinco Automation (Shanghai) Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥87.9 Mil. Hence, Kinco Automation (Shanghai) Co's Days Payable for the three months ended in Sep. 2024 was 115.34.

The historical rank and industry rank for Kinco Automation (Shanghai) Co's Days Payable or its related term are showing as below:

SHSE:688160' s Days Payable Range Over the Past 10 Years
Min: 31.96 Med: 71.06 Max: 102.83
Current: 102.83

During the past 11 years, Kinco Automation (Shanghai) Co's highest Days Payable was 102.83. The lowest was 31.96. And the median was 71.06.

SHSE:688160's Days Payable is ranked better than
64.49% of 2929 companies
in the Industrial Products industry
Industry Median: 75.78 vs SHSE:688160: 102.83

Kinco Automation (Shanghai) Co's Days Payable increased from Sep. 2023 (96.05) to Sep. 2024 (115.34). It may suggest that Kinco Automation (Shanghai) Co delayed paying its suppliers.

Kinco Automation (Shanghai) Co Days Payable Historical Data

The historical data trend for Kinco Automation (Shanghai) 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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Kinco Automation (Shanghai) Co Days Payable Chart

Kinco Automation (Shanghai) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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73.36

88.70

77.66

77.08

99.36

Kinco Automation (Shanghai) Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															96.05	94.10	111.83	90.86	115.34

Competitive Comparison of Kinco Automation (Shanghai) Co's Days Payable

For the Specialty Industrial Machinery subindustry, Kinco Automation (Shanghai) 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.

Kinco Automation (Shanghai) Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kinco Automation (Shanghai) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Kinco Automation (Shanghai) Co's Days Payable falls into.

Kinco Automation (Shanghai) 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.

Kinco Automation (Shanghai) 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
=	( (74.267	+	96.21)	/	2 )	/	313.123	*	365
=	85.2385					/	313.123	*	365
=	99.36

Kinco Automation (Shanghai) Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (111.476	+	110.788)	/	2 )	/	87.918	*	365 / 4
=	111.132					/	87.918	*	365 / 4
=	115.34

Kinco Automation (Shanghai) Co Days Payable Related Terms

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Kinco Automation (Shanghai) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kinco Automation (Shanghai) Co Ltd (SHSE:688160) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shenjiang Road No.5709, Qiuyue Road No.26, Building No.3, Shanghai Pilot Free Trade Zone, Shanghai, CHN, 201210

Website

https://www.kinco.cn

Kinco Automation (Shanghai) Co Ltd is a supplier of Manufacturing Smart Solutions in China. It focuses on the development, production and selling of automation standard products and intelligent hardware products. The company's automation standard products including Human Machine Interface (HMI), Servo System, Stepper System, Programmable Logic Controller (PLC) and Variable Frequency Drive (VFD), among others.

Executives

Chi Jia Wu

Director

Kinco Automation (Shanghai) Co Headlines

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