Shanghai Labway Clinical Laboratory Co (SZSE:301060) Days Payable : 125.58 (As of Mar. 2024)

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What is Shanghai Labway Clinical Laboratory Co Days Payable?

Shanghai Labway Clinical Laboratory Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥469 Mil. Shanghai Labway Clinical Laboratory Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥341 Mil. Hence, Shanghai Labway Clinical Laboratory Co's Days Payable for the three months ended in Mar. 2024 was 125.58.

The historical rank and industry rank for Shanghai Labway Clinical Laboratory Co's Days Payable or its related term are showing as below:

SZSE:301060' s Days Payable Range Over the Past 10 Years
Min: 38.61 Med: 62.86 Max: 187.31
Current: 143.89

During the past 9 years, Shanghai Labway Clinical Laboratory Co's highest Days Payable was 187.31. The lowest was 38.61. And the median was 62.86.

SZSE:301060's Days Payable is ranked better than
69.12% of 204 companies
in the Medical Diagnostics & Research industry
Industry Median: 66.645 vs SZSE:301060: 143.89

Shanghai Labway Clinical Laboratory Co's Days Payable declined from Mar. 2023 (243.88) to Mar. 2024 (125.58). It may suggest that Shanghai Labway Clinical Laboratory Co accelerated paying its suppliers.

Shanghai Labway Clinical Laboratory Co Days Payable Historical Data

The historical data trend for Shanghai Labway Clinical Laboratory 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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Shanghai Labway Clinical Laboratory Co Days Payable Chart

Shanghai Labway Clinical Laboratory Co Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

59.95

50.09

62.86

84.22

187.31

Shanghai Labway Clinical Laboratory 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															243.88	186.54	144.51	114.84	125.58

Competitive Comparison of Shanghai Labway Clinical Laboratory Co's Days Payable

For the Diagnostics & Research subindustry, Shanghai Labway Clinical Laboratory 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.

Shanghai Labway Clinical Laboratory Co's Days Payable Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Shanghai Labway Clinical Laboratory Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai Labway Clinical Laboratory Co's Days Payable falls into.

Shanghai Labway Clinical Laboratory 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.

Shanghai Labway Clinical Laboratory 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
=	( (858.685	+	502.357)	/	2 )	/	1326.085	*	365
=	680.521					/	1326.085	*	365
=	187.31

Shanghai Labway Clinical Laboratory 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
=	( (502.357	+	435.786)	/	2 )	/	340.837	*	365 / 4
=	469.0715					/	340.837	*	365 / 4
=	125.58

Shanghai Labway Clinical Laboratory Co Days Payable Related Terms

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Shanghai Labway Clinical Laboratory Co (SZSE:301060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Shanghai Labway Clinical Laboratory Co Ltd (SZSE:301060) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 268, Linxin Road, Floor 6, 7, 8, 9 of Building 1, Changning District, Shanghai, CHN, 200335

Website

https://www.labway.cn

Labway Clinical Laboratory (Shanghai) Ltd provides comprehensive health management solutions relying on medical laboratory and pathological diagnosis services. It offers genetic testing, clinical microbiology testing, blood and pathology testing, cytopathological diagnosis and other services.

Executives

Sun Lin Jie

Director

Shanghai Labway Clinical Laboratory Co (SZSE:301060) Headlines

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