Yantai Ishikawa Sealing Technology Co (SZSE:301020) Days Payable : 212.24 (As of Mar. 2024)

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What is Yantai Ishikawa Sealing Technology Co Days Payable?

Yantai Ishikawa Sealing Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥194.1 Mil. Yantai Ishikawa Sealing Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥83.4 Mil. Hence, Yantai Ishikawa Sealing Technology Co's Days Payable for the three months ended in Mar. 2024 was 212.24.

The historical rank and industry rank for Yantai Ishikawa Sealing Technology Co's Days Payable or its related term are showing as below:

SZSE:301020' s Days Payable Range Over the Past 10 Years
Min: 147.71 Med: 181.28 Max: 192.11
Current: 185.09

During the past 9 years, Yantai Ishikawa Sealing Technology Co's highest Days Payable was 192.11. The lowest was 147.71. And the median was 181.28.

SZSE:301020's Days Payable is ranked better than
84.41% of 2931 companies
in the Industrial Products industry
Industry Median: 76.42 vs SZSE:301020: 185.09

Yantai Ishikawa Sealing Technology Co's Days Payable increased from Mar. 2023 (166.06) to Mar. 2024 (212.24). It may suggest that Yantai Ishikawa Sealing Technology Co delayed paying its suppliers.

Yantai Ishikawa Sealing Technology Co Days Payable Historical Data

The historical data trend for Yantai Ishikawa Sealing Technology 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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Yantai Ishikawa Sealing Technology Co Days Payable Chart

Yantai Ishikawa Sealing Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

191.48

187.50

192.11

175.06

Yantai Ishikawa Sealing Technology Co Quarterly Data
	Dec18	Sep19	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															166.06	160.41	187.03	181.03	212.24

Competitive Comparison of Yantai Ishikawa Sealing Technology Co's Days Payable

For the Metal Fabrication subindustry, Yantai Ishikawa Sealing Technology 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.

Yantai Ishikawa Sealing Technology Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Yantai Ishikawa Sealing Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Yantai Ishikawa Sealing Technology Co's Days Payable falls into.

Yantai Ishikawa Sealing Technology 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.

Yantai Ishikawa Sealing Technology 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
=	( (140.091	+	193.716)	/	2 )	/	347.998	*	365
=	166.9035					/	347.998	*	365
=	175.06

Yantai Ishikawa Sealing Technology 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
=	( (193.716	+	194.44)	/	2 )	/	83.443	*	365 / 4
=	194.078					/	83.443	*	365 / 4
=	212.24

Yantai Ishikawa Sealing Technology Co Days Payable Related Terms

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Yantai Ishikawa Sealing Technology Co (SZSE:301020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Yantai Ishikawa Sealing Technology Co Ltd (SZSE:301020) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5 Binglun Road, APEC Technology Industrial Park, Shandong Province, Zhifu District, Yantai, CHN, 264002

Website

http://www.ytsc.cn

Yantai Ishikawa Sealing Technology Co Ltd is engaged in the research and development, production and sales of sealing gaskets, heat shields, sealing fiberboards and metal coated sheets.

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