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Pan Asian Microvent Tech (Jiangsu) (SHSE:688386) Days Payable : 77.20 (As of Sep. 2024)


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What is Pan Asian Microvent Tech (Jiangsu) Days Payable?

Pan Asian Microvent Tech (Jiangsu)'s average Accounts Payable for the three months ended in Sep. 2024 was ¥58.7 Mil. Pan Asian Microvent Tech (Jiangsu)'s Cost of Goods Sold for the three months ended in Sep. 2024 was ¥69.4 Mil. Hence, Pan Asian Microvent Tech (Jiangsu)'s Days Payable for the three months ended in Sep. 2024 was 77.20.

The historical rank and industry rank for Pan Asian Microvent Tech (Jiangsu)'s Days Payable or its related term are showing as below:

SHSE:688386' s Days Payable Range Over the Past 10 Years
Min: 72.56   Med: 88.55   Max: 104.04
Current: 79.25

During the past 7 years, Pan Asian Microvent Tech (Jiangsu)'s highest Days Payable was 104.04. The lowest was 72.56. And the median was 88.55.

SHSE:688386's Days Payable is ranked better than
66.03% of 1510 companies
in the Chemicals industry
Industry Median: 59.125 vs SHSE:688386: 79.25

Pan Asian Microvent Tech (Jiangsu)'s Days Payable increased from Sep. 2023 (65.69) to Sep. 2024 (77.20). It may suggest that Pan Asian Microvent Tech (Jiangsu) delayed paying its suppliers.


Pan Asian Microvent Tech (Jiangsu) Days Payable Historical Data

The historical data trend for Pan Asian Microvent Tech (Jiangsu)'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.

* Premium members only.

Pan Asian Microvent Tech (Jiangsu) Days Payable Chart

Pan Asian Microvent Tech (Jiangsu) Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial 103.82 104.04 88.55 85.05 72.56

Pan Asian Microvent Tech (Jiangsu) Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 65.69 68.43 89.51 75.74 77.20

Competitive Comparison of Pan Asian Microvent Tech (Jiangsu)'s Days Payable

For the Specialty Chemicals subindustry, Pan Asian Microvent Tech (Jiangsu)'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.


Pan Asian Microvent Tech (Jiangsu)'s Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Pan Asian Microvent Tech (Jiangsu)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Pan Asian Microvent Tech (Jiangsu)'s Days Payable falls into.



Pan Asian Microvent Tech (Jiangsu) 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.

Pan Asian Microvent Tech (Jiangsu)'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
=( (41.095 + 47.097) / 2 ) / 221.816*365
=44.096 / 221.816*365
=72.56

Pan Asian Microvent Tech (Jiangsu)'s Days Payable for the quarter that ended in Sep. 2024 is calculated as:

Days Payable (Q: Sep. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2024 ) + Accounts Payable (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (47.861 + 69.559) / 2 ) / 69.392*365 / 4
=58.71 / 69.392*365 / 4
=77.20

* 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.


Pan Asian Microvent Tech (Jiangsu) Days Payable Related Terms

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Pan Asian Microvent Tech (Jiangsu) Business Description

Traded in Other Exchanges
N/A
Address
No. 8 Qiancao Road, Lijia Town and Banshang Village, Lijia Town, Wujin District, Jiangsu Province, Changzhou, CHN, 213000
Pan Asian Microvent Tech (Jiangsu) Corp is engaged in research and development, production and sales of microporous materials such as ePTFE membranes and their modified derivatives, seals, and water-retaining membranes. Its high polymer microvent materials and devices are widely used in many areas, such as automotive industries, packing industries and other protective air ventilation fields.

Pan Asian Microvent Tech (Jiangsu) Headlines

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