Shengkai Innovations (Shengkai Innovations) Days Payable : 57.25 (As of Mar. 2013)

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What is Shengkai Innovations Days Payable?

Shengkai Innovations's average Accounts Payable for the three months ended in Mar. 2013 was $1.35 Mil. Shengkai Innovations's Cost of Goods Sold for the three months ended in Mar. 2013 was $2.16 Mil. Hence, Shengkai Innovations's Days Payable for the three months ended in Mar. 2013 was 57.25.

The historical rank and industry rank for Shengkai Innovations's Days Payable or its related term are showing as below:

VALV's Days Payable is not ranked ^*
in the Industrial Distribution industry.
Industry Median: 52.76
* Ranked among companies with meaningful Days Payable only.

Shengkai Innovations's Days Payable increased from Mar. 2012 (53.14) to Mar. 2013 (57.25). It may suggest that Shengkai Innovations delayed paying its suppliers.

Shengkai Innovations Days Payable Historical Data

The historical data trend for Shengkai Innovations'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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Shengkai Innovations Days Payable Chart

Shengkai Innovations Annual Data

Trend

Dec05

Dec06

Dec07

Jun08

Jun09

Jun10

Jun11

Jun12

Days Payable

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13.09

24.61

33.06

30.22

57.42

Shengkai Innovations Quarterly Data
	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13
Days Payable	Get a 7-Day Free Trial															53.14	45.38	59.09	63.82	57.25

Competitive Comparison of Shengkai Innovations's Days Payable

For the Industrial Distribution subindustry, Shengkai Innovations'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.

Shengkai Innovations's Days Payable Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Shengkai Innovations's Days Payable distribution charts can be found below:

* The bar in red indicates where Shengkai Innovations's Days Payable falls into.

Shengkai Innovations 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.

Shengkai Innovations's Days Payable for the fiscal year that ended in Jun. 2012 is calculated as

	Days Payable (A: Jun. 2012 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2011 )	+	Accounts Payable (A: Jun. 2012 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2012 )	*	Days in Period
=	( (3.829	+	1.942)	/	2 )	/	18.342	*	365
=	2.8855					/	18.342	*	365
=	57.42

Shengkai Innovations's Days Payable for the quarter that ended in Mar. 2013 is calculated as:

	Days Payable (Q: Mar. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2012 )	+	Accounts Payable (Q: Mar. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2013 )	*	Days in Period
=	( (1.703	+	1.005)	/	2 )	/	2.158	*	365 / 4
=	1.354					/	2.158	*	365 / 4
=	57.25

Shengkai Innovations Days Payable Related Terms

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Shengkai Innovations (Shengkai Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Shengkai Innovations Inc (OTCPK:VALV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.106, Zhonghuan South Road, Airport Industrial Park, Tianjin, CHN, 300308

Website

http://www.shengkaiinnovations.com

Shengkai Innovations Inc is a ceramic valve manufacturer with operations in the People's Republic of China.

Executives

Ming He	officer: Chief Financial Officer	NO. 106 ZHONGHUAN SOUTH ROAD, AIRPORT INDUSTRIAL PARK, TIANJIN F4 300308
Martin A. Sumichrast	10 percent owner	11125 COLONIAL COUNTRY LANE, CHARLOTTE NC 28277

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