Kale Environment Technology (Shanghai) Co (SZSE:301070) Days Payable : 128.94 (As of Jun. 2024)

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What is Kale Environment Technology (Shanghai) Co Days Payable?

Kale Environment Technology (Shanghai) Co's average Accounts Payable for the three months ended in Jun. 2024 was ¥103.4 Mil. Kale Environment Technology (Shanghai) Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥73.2 Mil. Hence, Kale Environment Technology (Shanghai) Co's Days Payable for the three months ended in Jun. 2024 was 128.94.

The historical rank and industry rank for Kale Environment Technology (Shanghai) Co's Days Payable or its related term are showing as below:

SZSE:301070' s Days Payable Range Over the Past 10 Years
Min: 17.99 Med: 59.5 Max: 155.76
Current: 155.76

During the past 10 years, Kale Environment Technology (Shanghai) Co's highest Days Payable was 155.76. The lowest was 17.99. And the median was 59.50.

SZSE:301070's Days Payable is ranked better than
78.8% of 2944 companies
in the Industrial Products industry
Industry Median: 75.425 vs SZSE:301070: 155.76

Kale Environment Technology (Shanghai) Co's Days Payable increased from Jun. 2023 (78.58) to Jun. 2024 (128.94). It may suggest that Kale Environment Technology (Shanghai) Co delayed paying its suppliers.

Kale Environment Technology (Shanghai) Co Days Payable Historical Data

The historical data trend for Kale Environment Technology (Shanghai) 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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Kale Environment Technology (Shanghai) Co Days Payable Chart

Kale Environment Technology (Shanghai) Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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63.09

69.79

46.14

94.50

135.23

Kale Environment Technology (Shanghai) 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															78.58	101.84	182.09	298.60	128.94

Competitive Comparison of Kale Environment Technology (Shanghai) Co's Days Payable

For the Specialty Industrial Machinery subindustry, Kale Environment Technology (Shanghai) 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.

Kale Environment Technology (Shanghai) Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kale Environment Technology (Shanghai) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Kale Environment Technology (Shanghai) Co's Days Payable falls into.

Kale Environment Technology (Shanghai) 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.

Kale Environment Technology (Shanghai) 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
=	( (63.225	+	101.434)	/	2 )	/	222.21	*	365
=	82.3295					/	222.21	*	365
=	135.23

Kale Environment Technology (Shanghai) 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
=	( (88.535	+	118.274)	/	2 )	/	73.176	*	365 / 4
=	103.4045					/	73.176	*	365 / 4
=	128.94

Kale Environment Technology (Shanghai) Co Days Payable Related Terms

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Kale Environment Technology (Shanghai) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kale Environment Technology (Shanghai) Co Ltd (SZSE:301070) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 505, Xinge Road, South 5 District, 2nd Floor, Building 3, Xinqiao Town, Songjiang District, Shanghai, CHN, 201108

Website

http://www.kalefans.com

Kale Environment Technology (Shanghai) Co Ltd is engaged in the research and development, production, sales, installation and related technical services of HVLS fans.

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