Xi an Xice Testing Technology Co (SZSE:301306) Days Payable : 89.72 (As of Mar. 2024)

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What is Xi an Xice Testing Technology Co Days Payable?

Xi an Xice Testing Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥99.2 Mil. Xi an Xice Testing Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥100.9 Mil. Hence, Xi an Xice Testing Technology Co's Days Payable for the three months ended in Mar. 2024 was 89.72.

The historical rank and industry rank for Xi an Xice Testing Technology Co's Days Payable or its related term are showing as below:

SZSE:301306' s Days Payable Range Over the Past 10 Years
Min: 101.23 Med: 145.71 Max: 175.76
Current: 101.23

During the past 6 years, Xi an Xice Testing Technology Co's highest Days Payable was 175.76. The lowest was 101.23. And the median was 145.71.

SZSE:301306's Days Payable is ranked better than
59.93% of 297 companies
in the Aerospace & Defense industry
Industry Median: 75.31 vs SZSE:301306: 101.23

Xi an Xice Testing Technology Co's Days Payable declined from Mar. 2023 (165.29) to Mar. 2024 (89.72). It may suggest that Xi an Xice Testing Technology Co accelerated paying its suppliers.

Xi an Xice Testing Technology Co Days Payable Historical Data

The historical data trend for Xi an Xice Testing 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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Xi an Xice Testing Technology Co Days Payable Chart

Xi an Xice Testing Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

115.14

152.56

175.76

144.45

146.97

Xi an Xice Testing Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											165.29	150.88	129.88	81.07	89.72

Competitive Comparison of Xi an Xice Testing Technology Co's Days Payable

For the Aerospace & Defense subindustry, Xi an Xice Testing 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.

Xi an Xice Testing Technology Co's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Xi an Xice Testing Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Xi an Xice Testing Technology Co's Days Payable falls into.

Xi an Xice Testing 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.

Xi an Xice Testing 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
=	( (60.631	+	97.018)	/	2 )	/	195.756	*	365
=	78.8245					/	195.756	*	365
=	146.97

Xi an Xice Testing 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
=	( (97.018	+	101.398)	/	2 )	/	100.895	*	365 / 4
=	99.208					/	100.895	*	365 / 4
=	89.72

Xi an Xice Testing Technology Co Days Payable Related Terms

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Xi an Xice Testing Technology Co (SZSE:301306) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Xi an Xice Testing Technology Co Ltd (SZSE:301306) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 16, Zhangba2 Road, High-tech Zone, Shaanxi Province, Xi'an, CHN, 710065

Website

http://www.xctt.com

Xi an Xice Testing Technology Co Ltd is engaged in the inspection and testing of military equipment and civil aircraft products.

Executives

Li Ze Xin

Director

Xi an Xice Testing Technology Co (SZSE:301306) Headlines

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