Beijing Succeeder Technology (SHSE:688338) Days Payable : 145.01 (As of Mar. 2024)

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What is Beijing Succeeder Technology Days Payable?

Beijing Succeeder Technology's average Accounts Payable for the three months ended in Mar. 2024 was ¥43.2 Mil. Beijing Succeeder Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥27.2 Mil. Hence, Beijing Succeeder Technology's Days Payable for the three months ended in Mar. 2024 was 145.01.

The historical rank and industry rank for Beijing Succeeder Technology's Days Payable or its related term are showing as below:

SHSE:688338' s Days Payable Range Over the Past 10 Years
Min: 32.61 Med: 43.77 Max: 159.34
Current: 127.2

During the past 8 years, Beijing Succeeder Technology's highest Days Payable was 159.34. The lowest was 32.61. And the median was 43.77.

SHSE:688338's Days Payable is ranked better than
72.48% of 785 companies
in the Medical Devices & Instruments industry
Industry Median: 73.19 vs SHSE:688338: 127.20

Beijing Succeeder Technology's Days Payable increased from Mar. 2023 (125.48) to Mar. 2024 (145.01). It may suggest that Beijing Succeeder Technology delayed paying its suppliers.

Beijing Succeeder Technology Days Payable Historical Data

The historical data trend for Beijing Succeeder Technology'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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Beijing Succeeder Technology Days Payable Chart

Beijing Succeeder Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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42.18

33.09

32.61

114.08

159.34

Beijing Succeeder Technology 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															125.48	109.23	138.77	126.09	145.01

Competitive Comparison of Beijing Succeeder Technology's Days Payable

For the Medical Devices subindustry, Beijing Succeeder Technology'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.

Beijing Succeeder Technology's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Beijing Succeeder Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Beijing Succeeder Technology's Days Payable falls into.

Beijing Succeeder Technology 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.

Beijing Succeeder Technology'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
=	( (43.753	+	45.492)	/	2 )	/	102.217	*	365
=	44.6225					/	102.217	*	365
=	159.34

Beijing Succeeder Technology'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
=	( (45.492	+	40.809)	/	2 )	/	27.153	*	365 / 4
=	43.1505					/	27.153	*	365 / 4
=	145.01

Beijing Succeeder Technology Days Payable Related Terms

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Beijing Succeeder Technology (SHSE:688338) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Beijing Succeeder Technology Inc (SHSE:688338) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Innovation Road, No. 1, Xingchang Road, Block 1A, No. 27, Science and Technology Park, 3rd Floor, Building 1, Changping District, East District, East District, Beijing, CHN, 102200

Website

http://www.succeeder.com.cn

Beijing Succeeder Technology Inc is engaged in production and sales of detection instruments, reagents and consumables in the field of in vitro diagnosis of thrombosis and hemostasis. The company develops, manufactures and sells in-vitro diagnostic products including coagulation analyzers and reagents, blood rheology analyzers, ESR analyzers and platelet aggregation analyzers. Its product portfolio includes Fully Auto Coagulation Analyzer; Semi Auto Coagulation Analyzer; ESR Analyzer; Platelet Aggregation Analyzer; and Coagulation Reagents.

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