Shareate Tools (SHSE:688257) Days Payable : 180.37 (As of Mar. 2025)

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What is Shareate Tools Days Payable?

Shareate Tools's average Accounts Payable for the three months ended in Mar. 2025 was ¥710 Mil. Shareate Tools's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥359 Mil. Hence, Shareate Tools's Days Payable for the three months ended in Mar. 2025 was 180.37.

The historical rank and industry rank for Shareate Tools's Days Payable or its related term are showing as below:

SHSE:688257' s Days Payable Range Over the Past 10 Years
Min: 115.63 Med: 179.01 Max: 233.03
Current: 168.13

During the past 12 years, Shareate Tools's highest Days Payable was 233.03. The lowest was 115.63. And the median was 179.01.

SHSE:688257's Days Payable is ranked better than
81.86% of 2944 companies
in the Industrial Products industry
Industry Median: 76.18 vs SHSE:688257: 168.13

Shareate Tools's Days Payable declined from Mar. 2024 (191.49) to Mar. 2025 (180.37). It may suggest that Shareate Tools accelerated paying its suppliers.

Shareate Tools Days Payable Historical Data

The historical data trend for Shareate Tools'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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Shareate Tools Days Payable Chart

Shareate Tools Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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153.38

179.26

178.76

181.91

177.49

Shareate Tools Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Days Payable	Get a 7-Day Free Trial															191.49	149.94	165.97	170.15	180.37

Competitive Comparison of Shareate Tools's Days Payable

For the Tools & Accessories subindustry, Shareate Tools'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.

Shareate Tools's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shareate Tools's Days Payable distribution charts can be found below:

* The bar in red indicates where Shareate Tools's Days Payable falls into.

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Shareate Tools 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.

Shareate Tools's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (567.804	+	666.974)	/	2 )	/	1269.659	*	365
=	617.389					/	1269.659	*	365
=	177.49

Shareate Tools's Days Payable for the quarter that ended in Mar. 2025 is calculated as:

	Days Payable (Q: Mar. 2025 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2024 )	+	Accounts Payable (Q: Mar. 2025 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
=	( (666.974	+	752.946)	/	2 )	/	359.164	*	365 / 4
=	709.96					/	359.164	*	365 / 4
=	180.37

Shareate Tools Days Payable Related Terms

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Shareate Tools Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shareate Tools Ltd (SHSE:688257) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

133 Shuangma Street, Weiting Town, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN, 215121

Website

http://www.shareate.com

Shareate Tools Ltd is a national high-tech enterprise, engaged in cemented carbide products and rock drilling tools. Its main products are Rotary Tricone Bit, DTH Hammer & Bit for mining, water well, and oil-field drilling applications, oil drilling, and mining cemented carbide, carbide substrates for PDC bits, petroleum drill bit nozzle, ultra-fine cemented carbide rod, fine grain cutting tools, stamping die plate, cold heading dies, powder metallurgy dies, tungsten carbide tubular welding, wear parts, non-standard parts. It exports to South America, Africa, Australia, Russia, South Korea, the USA, Canada and other countries.

Executives

Yang Han Min	Core technical personnel
Li Ning	Core technical personnel
	senior management
Lu Qing Zhong	Core technical personnel
Liu Yong	senior management
Zhang Yong Qiang	Supervisors
Rao Xiang	senior management
Wu He Hong	Directors, senior managers
Xue You Gang	Supervisors
Yuan Ai	Directors, senior managers
Liu Guo Zhu	Directors, senior managers

Shareate Tools Headlines

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