SNI (Shenni Holdings) Days Payable: 94.95 (As of Sep. 2024)

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What is Shenni Holdings Days Payable?

Shenni Holdings SNI Days Payable is 94.95 as of Sep. 2024.

Shenni Holdings's average Accounts Payable for the six months ended in Sep. 2024 was $2.82 Mil. Shenni Holdings's Cost of Goods Sold for the six months ended in Sep. 2024 was $5.43 Mil. Hence, Shenni Holdings's Days Payable for the six months ended in Sep. 2024 was 94.95.

The historical rank and industry rank for Shenni Holdings's Days Payable or its related term are showing as below:

SNI's Days Payable is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: 67.87
* Ranked among companies with meaningful Days Payable only.

Shenni Holdings's Days Payable increased from Sep. 2023 (37.33) to Sep. 2024 (94.95). It may suggest that Shenni Holdings delayed paying its suppliers.

Shenni Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Shenni Holdings'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.

Shenni Holdings Days Payable Chart

Shenni Holdings Annual Data
Trend Mar23 Mar24
Days Payable
180.19 102.02

Shenni Holdings Semi-Annual Data
Mar23 Sep23 Mar24 Sep24
Days Payable 0.00 37.33 109.64 94.95

SNI vs : Days Payable Comparison

For the Medical Devices subindustry, Shenni Holdings'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.

Shenni Holdings Days Payable vs Medical Devices & Instruments Industry

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

* The bar in red indicates where Shenni Holdings's Days Payable falls into.


Shenni Holdings 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.

Shenni Holdings's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

Days Payable (A: Mar. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2023 ) + Accounts Payable (A: Mar. 2024 )) / count ) / Cost of Goods Sold (A: Mar. 2024 )*Days in Period
=( (0.117 + 2.918) / 2 ) / 5.429*365
=1.5175 / 5.429*365
=102.02

Shenni Holdings'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: Mar. 2024 ) + Accounts Payable (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (2.918 + 2.728) / 2 ) / 5.426*365 / 2
=2.823 / 5.426*365 / 2
=94.95

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 94.95 mean?
Shenni Holdings (SNI) has a Days Payable of 94.95 as of Sep. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Shenni Holdings and its competitors.
Is Shenni Holdings' Days Payable too high?
Shenni Holdings' current Days Payable is 94.95. The Medical Devices & Instruments industry median Days Payable is 67.87. Shenni Holdings' value of 94.95 is 39.9% above this industry median.
How does Shenni Holdings' Days Payable compare to ?
Shenni Holdings' Days Payable of 94.95 can be compared against companies in the Medical Devices & Instruments industry. The industry median Days Payable is 67.87. Shenni Holdings' value of 94.95 is 39.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Medical Devices & Instruments company?
The median Days Payable among Medical Devices & Instruments companies is 67.87, based on 795 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shenni Holdings's current Days Payable of 94.95 is 39.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Shenni Holdings and its competitors. For the Medical Devices & Instruments industry, the median Days Payable is 67.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shenni Holdings's current Days Payable is 94.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenni Holdings stock overvalued right now?
Shenni Holdings (SNI) has a current Days Payable of 94.95. The current Days Payable is 94.95 and 39.9% above the Medical Devices & Instruments industry median of 67.87. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Shenni Holdings (SNI), the current Days Payable is 94.95 as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Shenni Holdings Business Description

Comparable Companies
Address Biopharmaceutical Industry Park, South Bridge Yongfeng County, Jiangxi Province, Jian, CHN, 331500
Shenni Holdings Ltd is a holding company. Through its operating subsidiaries in China, it is engaged in the business of the manufacture and distribution of urology medical devices and care products as well as the distribution of cardiovascular and cerebrovascular medical devices. Its products include Guide Wire, Catheter Sheath, and PTA Balloon Catheter. The company derives its revenue from three sources: (i) sales and distribution of urology medical devices (ii) sales and distribution of urology care products, and (iii) sales and distribution of cardiovascular and cerebrovascular medical devices.