Qingdao Richmat Intelligence Technology (SZSE:301320) Days Payable : 197.71 (As of Mar. 2024)

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What is Qingdao Richmat Intelligence Technology Days Payable?

Qingdao Richmat Intelligence Technology's average Accounts Payable for the three months ended in Mar. 2024 was ¥328.1 Mil. Qingdao Richmat Intelligence Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥151.4 Mil. Hence, Qingdao Richmat Intelligence Technology's Days Payable for the three months ended in Mar. 2024 was 197.71.

The historical rank and industry rank for Qingdao Richmat Intelligence Technology's Days Payable or its related term are showing as below:

SZSE:301320' s Days Payable Range Over the Past 10 Years
Min: 99.5 Med: 205.15 Max: 227.34
Current: 201.1

During the past 6 years, Qingdao Richmat Intelligence Technology's highest Days Payable was 227.34. The lowest was 99.50. And the median was 205.15.

SZSE:301320's Days Payable is ranked better than
86.58% of 2928 companies
in the Industrial Products industry
Industry Median: 76.585 vs SZSE:301320: 201.10

Qingdao Richmat Intelligence Technology's Days Payable declined from Mar. 2023 (230.42) to Mar. 2024 (197.71). It may suggest that Qingdao Richmat Intelligence Technology accelerated paying its suppliers.

Qingdao Richmat Intelligence Technology Days Payable Historical Data

The historical data trend for Qingdao Richmat Intelligence Technology'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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Qingdao Richmat Intelligence Technology Days Payable Chart

Qingdao Richmat Intelligence Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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145.92

227.34

205.15

207.06

Qingdao Richmat Intelligence Technology Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial										230.42	207.76	201.68	196.40	197.71

Competitive Comparison of Qingdao Richmat Intelligence Technology's Days Payable

For the Specialty Industrial Machinery subindustry, Qingdao Richmat Intelligence Technology'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.

Qingdao Richmat Intelligence Technology's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Qingdao Richmat Intelligence Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Qingdao Richmat Intelligence Technology's Days Payable falls into.

Qingdao Richmat Intelligence Technology 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.

Qingdao Richmat Intelligence Technology'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
=	( (287.358	+	330.031)	/	2 )	/	544.166	*	365
=	308.6945					/	544.166	*	365
=	207.06

Qingdao Richmat Intelligence Technology'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
=	( (330.031	+	326.236)	/	2 )	/	151.443	*	365 / 4
=	328.1335					/	151.443	*	365 / 4
=	197.71

Qingdao Richmat Intelligence Technology Days Payable Related Terms

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Qingdao Richmat Intelligence Technology (SZSE:301320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Richmat Intelligence Technology Inc (SZSE:301320) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 78, Kongquehe 4th Road, Qingdao Garment Industrial Park, Jimo District, Shandong Province, Qingdao, CHN, 266200

Website

https://www.richmat.com.cn

Qingdao Richmat Intelligence Technology Inc is engaged in Research and development, production and sales of intelligent linear drive system products. its products include: Linear actuator Dual actuator, Lifting column, Control box, Handset, and Massage motor.

Qingdao Richmat Intelligence Technology (SZSE:301320) Headlines

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