Qingdao Weflo Valve Co (SZSE:002871) Days Payable : 115.08 (As of Jun. 2024)

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What is Qingdao Weflo Valve Co Days Payable?

Qingdao Weflo Valve Co's average Accounts Payable for the three months ended in Jun. 2024 was ¥103.0 Mil. Qingdao Weflo Valve Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥81.7 Mil. Hence, Qingdao Weflo Valve Co's Days Payable for the three months ended in Jun. 2024 was 115.08.

The historical rank and industry rank for Qingdao Weflo Valve Co's Days Payable or its related term are showing as below:

SZSE:002871' s Days Payable Range Over the Past 10 Years
Min: 104.62 Med: 137.05 Max: 167.16
Current: 107.27

During the past 12 years, Qingdao Weflo Valve Co's highest Days Payable was 167.16. The lowest was 104.62. And the median was 137.05.

SZSE:002871's Days Payable is ranked better than
66.13% of 2944 companies
in the Industrial Products industry
Industry Median: 75.425 vs SZSE:002871: 107.27

Qingdao Weflo Valve Co's Days Payable increased from Jun. 2023 (85.16) to Jun. 2024 (115.08). It may suggest that Qingdao Weflo Valve Co delayed paying its suppliers.

Qingdao Weflo Valve Co Days Payable Historical Data

The historical data trend for Qingdao Weflo Valve 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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Qingdao Weflo Valve Co Days Payable Chart

Qingdao Weflo Valve Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

167.16

140.48

118.23

106.36

104.62

Qingdao Weflo Valve Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															85.16	100.77	81.09	139.04	115.08

Competitive Comparison of Qingdao Weflo Valve Co's Days Payable

For the Specialty Industrial Machinery subindustry, Qingdao Weflo Valve 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.

Qingdao Weflo Valve Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Qingdao Weflo Valve Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Qingdao Weflo Valve Co's Days Payable falls into.

Qingdao Weflo Valve 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.

Qingdao Weflo Valve 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
=	( (100.4	+	98.958)	/	2 )	/	347.757	*	365
=	99.679					/	347.757	*	365
=	104.62

Qingdao Weflo Valve Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (90.055	+	115.903)	/	2 )	/	81.654	*	365 / 4
=	102.979					/	81.654	*	365 / 4
=	115.08

Qingdao Weflo Valve Co Days Payable Related Terms

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Qingdao Weflo Valve Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Weflo Valve Co Ltd (SZSE:002871) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 45 Xinghe Road, Jimo City Blue Village, Shandong Province, Qingdao City, CHN, 266111

Website

http://www.weilongvalve.com

Qingdao Weflo Valve Co Ltd is a high-tech enterprise specializing in design, development, manufacturing and sales of water supply and drainage valve products. Its products portfolio includes butterfly valves, fire valves, multi-function valves, globe valves, check valves, ball valves, rubber joints, filters, exhaust valves, balance valves and bottom valves. Its products are mainly used in the urban water supply and drainage systems, firefighting water supply systems, heating ventilation air conditioning (HVAC) systems and sewage treatment systems, among others.

Executives

Li Hui Jun	Director
Qu Hui Cheng	Executives
Zhang Hui Ting	Executives
Guo Cheng Ni	Executives
Wang Zhao Jian	Executives
Fan Qing Wei	Director
Zhao Xiang	Securities Affairs Representative
Liu Ke Ping	Directors, executives
Cui Xing Jian	Executives

Qingdao Weflo Valve Co Headlines

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