Tinavi Medical Technologies Co (SHSE:688277) Days Payable : 352.02 (As of Mar. 2024)

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What is Tinavi Medical Technologies Co Days Payable?

Tinavi Medical Technologies Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥41.2 Mil. Tinavi Medical Technologies Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥10.7 Mil. Hence, Tinavi Medical Technologies Co's Days Payable for the three months ended in Mar. 2024 was 352.02.

The historical rank and industry rank for Tinavi Medical Technologies Co's Days Payable or its related term are showing as below:

SHSE:688277' s Days Payable Range Over the Past 10 Years
Min: 22.75 Med: 65.37 Max: 218.6
Current: 204.75

During the past 10 years, Tinavi Medical Technologies Co's highest Days Payable was 218.60. The lowest was 22.75. And the median was 65.37.

SHSE:688277's Days Payable is ranked better than
82.41% of 790 companies
in the Medical Devices & Instruments industry
Industry Median: 72.905 vs SHSE:688277: 204.75

Tinavi Medical Technologies Co's Days Payable increased from Mar. 2023 (170.94) to Mar. 2024 (352.02). It may suggest that Tinavi Medical Technologies Co delayed paying its suppliers.

Tinavi Medical Technologies Co Days Payable Historical Data

The historical data trend for Tinavi Medical Technologies 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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Tinavi Medical Technologies Co Days Payable Chart

Tinavi Medical Technologies Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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83.31

51.94

68.03

144.46

218.60

Tinavi Medical Technologies Co Quarterly Data
	Jun19	Sep19	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															170.94	168.67	180.24	169.15	352.02

Competitive Comparison of Tinavi Medical Technologies Co's Days Payable

For the Medical Instruments & Supplies subindustry, Tinavi Medical Technologies 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.

Tinavi Medical Technologies Co's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Tinavi Medical Technologies Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tinavi Medical Technologies Co's Days Payable falls into.

Tinavi Medical Technologies 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.

Tinavi Medical Technologies 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
=	( (28.549	+	44.051)	/	2 )	/	60.612	*	365
=	36.3					/	60.612	*	365
=	218.60

Tinavi Medical Technologies 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
=	( (44.051	+	38.342)	/	2 )	/	10.679	*	365 / 4
=	41.1965					/	10.679	*	365 / 4
=	352.02

Tinavi Medical Technologies Co Days Payable Related Terms

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Tinavi Medical Technologies Co (SHSE:688277) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tinavi Medical Technologies Co Ltd (SHSE:688277) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

66 Xixiaokou Road, Room 206, 2nd Floor, Building 1, District C, Dongsheng Science and Technology Park, Haidian District, Beijing, CHN, 100192

Website

https://www.tinavi.com

Tinavi Medical Technologies Co Ltd is engaged in development, production, sales and service of orthopedic surgery navigation and positioning robots. The company's TiRobot Orthopedic robotic system is used in orthopedic surgeries for spine and trauma, and helps surgeons precisely position implants or surgical instruments during operations.

Executives

Liu Tie Chang	Core technical personnel
Wang Bin Bin	Director
Xing Yu Zhu	Director
Xu Jin	Director
Zhao Yong Qiang	Core technical personnel
Jia Xiang Cheng	Director

Tinavi Medical Technologies Co (SHSE:688277) Headlines

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