Shandong Weigao Orthopaedic Device Co (SHSE:688161) Days Payable : 235.65 (As of Mar. 2024)

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What is Shandong Weigao Orthopaedic Device Co Days Payable?

Shandong Weigao Orthopaedic Device Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥364 Mil. Shandong Weigao Orthopaedic Device Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥141 Mil. Hence, Shandong Weigao Orthopaedic Device Co's Days Payable for the three months ended in Mar. 2024 was 235.65.

The historical rank and industry rank for Shandong Weigao Orthopaedic Device Co's Days Payable or its related term are showing as below:

SHSE:688161' s Days Payable Range Over the Past 10 Years
Min: 127.94 Med: 271.42 Max: 343.36
Current: 319.33

During the past 7 years, Shandong Weigao Orthopaedic Device Co's highest Days Payable was 343.36. The lowest was 127.94. And the median was 271.42.

SHSE:688161's Days Payable is ranked better than
88.93% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 73.355 vs SHSE:688161: 319.33

Shandong Weigao Orthopaedic Device Co's Days Payable declined from Mar. 2023 (406.93) to Mar. 2024 (235.65). It may suggest that Shandong Weigao Orthopaedic Device Co accelerated paying its suppliers.

Shandong Weigao Orthopaedic Device Co Days Payable Historical Data

The historical data trend for Shandong Weigao Orthopaedic Device 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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Shandong Weigao Orthopaedic Device Co Days Payable Chart

Shandong Weigao Orthopaedic Device Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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267.31

275.52

294.33

343.36

Shandong Weigao Orthopaedic Device 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															406.93	320.49	339.39	428.07	235.65

Competitive Comparison of Shandong Weigao Orthopaedic Device Co's Days Payable

For the Medical Devices subindustry, Shandong Weigao Orthopaedic Device 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.

Shandong Weigao Orthopaedic Device Co's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Shandong Weigao Orthopaedic Device Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong Weigao Orthopaedic Device Co's Days Payable falls into.

Shandong Weigao Orthopaedic Device 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.

Shandong Weigao Orthopaedic Device 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
=	( (428.235	+	380.217)	/	2 )	/	429.703	*	365
=	404.226					/	429.703	*	365
=	343.36

Shandong Weigao Orthopaedic Device 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
=	( (380.217	+	348.326)	/	2 )	/	141.057	*	365 / 4
=	364.2715					/	141.057	*	365 / 4
=	235.65

Shandong Weigao Orthopaedic Device Co Days Payable Related Terms

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Shandong Weigao Orthopaedic Device Co (SHSE:688161) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shandong Weigao Orthopaedic Device Co Ltd (SHSE:688161) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 26, Xiangjiang Street, Tourism Resort, Shandong Province, Weihai, CHN, 264200

Website

http://www.wegortho.com

Shandong Weigao Orthopaedic Device Co Ltd is engaged in the research and development, production and sales of orthopedic medical devices.

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