OKE Precision Cutting Tools Co (SHSE:688308) Days Payable : 188.12 (As of Mar. 2024)

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What is OKE Precision Cutting Tools Co Days Payable?

OKE Precision Cutting Tools Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥408 Mil. OKE Precision Cutting Tools Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥198 Mil. Hence, OKE Precision Cutting Tools Co's Days Payable for the three months ended in Mar. 2024 was 188.12.

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

SHSE:688308' s Days Payable Range Over the Past 10 Years
Min: 57.67 Med: 73.75 Max: 218.37
Current: 192.88

During the past 7 years, OKE Precision Cutting Tools Co's highest Days Payable was 218.37. The lowest was 57.67. And the median was 73.75.

SHSE:688308's Days Payable is ranked better than
85.29% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs SHSE:688308: 192.88

OKE Precision Cutting Tools Co's Days Payable declined from Mar. 2023 (192.88) to Mar. 2024 (188.12). It may suggest that OKE Precision Cutting Tools Co accelerated paying its suppliers.

OKE Precision Cutting Tools Co Days Payable Historical Data

The historical data trend for OKE Precision Cutting Tools 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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OKE Precision Cutting Tools Co Days Payable Chart

OKE Precision Cutting Tools Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

96.43

71.01

62.13

149.57

218.37

OKE Precision Cutting Tools 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															192.88	209.02	179.88	199.50	188.12

Competitive Comparison of OKE Precision Cutting Tools Co's Days Payable

For the Tools & Accessories subindustry, OKE Precision Cutting Tools 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.

OKE Precision Cutting Tools Co's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where OKE Precision Cutting Tools Co's Days Payable falls into.

OKE Precision Cutting Tools 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.

OKE Precision Cutting Tools 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
=	( (422.743	+	445.316)	/	2 )	/	725.485	*	365
=	434.0295					/	725.485	*	365
=	218.37

OKE Precision Cutting Tools 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
=	( (445.316	+	369.813)	/	2 )	/	197.69	*	365 / 4
=	407.5645					/	197.69	*	365 / 4
=	188.12

OKE Precision Cutting Tools Co Days Payable Related Terms

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OKE Precision Cutting Tools Co (SHSE:688308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » OKE Precision Cutting Tools Co Ltd (SHSE:688308) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.8, Chuangye 4th Road, Small and Medium Enterprise Pioneer Park, Hunan Province. Lusong District, Yanling County, Zhuzhou, CHN, 412500

Website

http://www.oke-carbide.com

OKE Precision Cutting Tools Co Ltd is involved in the research and development, production and sales of cemented carbide products and CNC tool products. It offers CNC tool, carbide serrated blade, carbide disc and other cemented and carbide products.

Executives

Tan Wen Qing	Director
Su Zhen Hua	Director
Liang Bao Yu	Director
Han Hong Tao	Director
Yuan Mei He	Director

OKE Precision Cutting Tools Co (SHSE:688308) Headlines

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