Meter Instruments Co (SZSE:301006) Days Payable : 398.56 (As of Mar. 2024)

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What is Meter Instruments Co Days Payable?

Meter Instruments Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥112.1 Mil. Meter Instruments Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥25.7 Mil. Hence, Meter Instruments Co's Days Payable for the three months ended in Mar. 2024 was 398.56.

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

SZSE:301006' s Days Payable Range Over the Past 10 Years
Min: 133.33 Med: 186.67 Max: 246.91
Current: 246.91

During the past 8 years, Meter Instruments Co's highest Days Payable was 246.91. The lowest was 133.33. And the median was 186.67.

SZSE:301006's Days Payable is ranked better than
92.11% of 2929 companies
in the Industrial Products industry
Industry Median: 76.43 vs SZSE:301006: 246.91

Meter Instruments Co's Days Payable increased from Mar. 2023 (211.46) to Mar. 2024 (398.56). It may suggest that Meter Instruments Co delayed paying its suppliers.

Meter Instruments Co Days Payable Historical Data

The historical data trend for Meter Instruments 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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Meter Instruments Co Days Payable Chart

Meter Instruments Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

186.68

186.65

212.38

228.73

Meter Instruments Co Quarterly Data
	Dec17	Dec18	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															211.46	229.68	190.90	247.11	398.56

Competitive Comparison of Meter Instruments Co's Days Payable

For the Electrical Equipment & Parts subindustry, Meter Instruments 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.

Meter Instruments Co's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Meter Instruments Co's Days Payable falls into.

Meter Instruments 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.

Meter Instruments 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
=	( (101.658	+	120.186)	/	2 )	/	177.003	*	365
=	110.922					/	177.003	*	365
=	228.73

Meter Instruments Co'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
=	( (120.186	+	104.01)	/	2 )	/	25.665	*	365 / 4
=	112.098					/	25.665	*	365 / 4
=	398.56

Meter Instruments Co Days Payable Related Terms

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Meter Instruments Co (SZSE:301006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Meter Instruments Co Ltd (SZSE:301006) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 5 Xiyan Road, Binjiang Economic Development Zone, Jiangning, Jiangsu Province, Nanjing, CHN, 211178

Website

http://www.metter.cn

Meter Instruments Co Ltd is engaged in the research and development, production and sales of intelligent ultrasonic water meter and heat meter series products.

Executives

Shen Ji

Supervisors

Meter Instruments Co (SZSE:301006) Headlines

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