Wetown Electric Group Co (SHSE:688226) Days Payable : 90.06 (As of Mar. 2024)

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What is Wetown Electric Group Co Days Payable?

Wetown Electric Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥642 Mil. Wetown Electric Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥651 Mil. Hence, Wetown Electric Group Co's Days Payable for the three months ended in Mar. 2024 was 90.06.

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

SHSE:688226' s Days Payable Range Over the Past 10 Years
Min: 63.11 Med: 72.48 Max: 89.66
Current: 65.65

During the past 7 years, Wetown Electric Group Co's highest Days Payable was 89.66. The lowest was 63.11. And the median was 72.48.

SHSE:688226's Days Payable is ranked worse than
58.36% of 2925 companies
in the Industrial Products industry
Industry Median: 76.67 vs SHSE:688226: 65.65

Wetown Electric Group Co's Days Payable increased from Mar. 2023 (57.86) to Mar. 2024 (90.06). It may suggest that Wetown Electric Group Co delayed paying its suppliers.

Wetown Electric Group Co Days Payable Historical Data

The historical data trend for Wetown Electric Group 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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Wetown Electric Group Co Days Payable Chart

Wetown Electric Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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88.98

72.61

63.11

67.02

Wetown Electric Group 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															57.86	51.56	51.42	73.63	90.06

Competitive Comparison of Wetown Electric Group Co's Days Payable

For the Electrical Equipment & Parts subindustry, Wetown Electric Group 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.

Wetown Electric Group Co's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Wetown Electric Group Co's Days Payable falls into.

Wetown Electric Group 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.

Wetown Electric Group 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
=	( (275.149	+	585.893)	/	2 )	/	2344.503	*	365
=	430.521					/	2344.503	*	365
=	67.02

Wetown Electric Group 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
=	( (585.893	+	698.741)	/	2 )	/	650.782	*	365 / 4
=	642.317					/	650.782	*	365 / 4
=	90.06

Wetown Electric Group Co Days Payable Related Terms

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Wetown Electric Group Co (SHSE:688226) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wetown Electric Group Co Ltd (SHSE:688226) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 1, Nanzi Road, Xinba Science and Technology Park, Jiangsu Province, Yangzhong, CHN, 212200

Website

https://www.wetown.com.cn

Wetown Electric Group Co Ltd is engaged in the development and manufacturing of electrical products. it offers product such as high and low voltage busbars; complete sets of electrical and intelligent components; copper and aluminum materials and tinned copper tape; bridges and hangers and others.

Wetown Electric Group Co (SHSE:688226) Headlines

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