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.

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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															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

Pan Asian Microvent Tech (Jiangsu) Days Payable Related Terms

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Pan Asian Microvent Tech (Jiangsu) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Pan Asian Microvent Tech (Jiangsu) Corp (SHSE:688386) » Definitions » Days Payable

Comparable Companies

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

Website

http://www.microvent.com.cn

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.

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