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WOK (WORK Medical Technology Group) Days Payable : 77.54 (As of Sep. 2024)


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What is WORK Medical Technology Group Days Payable?

WORK Medical Technology Group's average Accounts Payable for the six months ended in Sep. 2024 was $2.07 Mil. WORK Medical Technology Group's Cost of Goods Sold for the six months ended in Sep. 2024 was $4.87 Mil. Hence, WORK Medical Technology Group's Days Payable for the six months ended in Sep. 2024 was 77.54.

The historical rank and industry rank for WORK Medical Technology Group's Days Payable or its related term are showing as below:

WOK' s Days Payable Range Over the Past 10 Years
Min: 99.88   Med: 115.34   Max: 146.16
Current: 114.12

During the past 5 years, WORK Medical Technology Group's highest Days Payable was 146.16. The lowest was 99.88. And the median was 115.34.

WOK's Days Payable is ranked better than
69.91% of 791 companies
in the Medical Devices & Instruments industry
Industry Median: 69.21 vs WOK: 114.12

WORK Medical Technology Group's Days Payable declined from Sep. 2023 (170.69) to Sep. 2024 (77.54). It may suggest that WORK Medical Technology Group accelerated paying its suppliers.

WORK Medical Technology Group Days Payable Historical Data

The historical data trend for WORK Medical Technology Group'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.

* Premium members only.

WORK Medical Technology Group Days Payable Chart

WORK Medical Technology Group Annual Data
Trend Sep20 Sep21 Sep22 Sep23 Sep24
Days Payable
99.88 100.26 146.16 138.77 115.34

WORK Medical Technology Group Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Days Payable Get a 7-Day Free Trial Premium Member Only 81.56 130.46 170.69 160.04 77.54

Competitive Comparison of WORK Medical Technology Group's Days Payable

For the Medical Devices subindustry, WORK Medical Technology Group'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.

WORK Medical Technology Group's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, WORK Medical Technology Group's Days Payable distribution charts can be found below:

* The bar in red indicates where WORK Medical Technology Group's Days Payable falls into.


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WORK Medical Technology Group 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.

WORK Medical Technology Group's Days Payable for the fiscal year that ended in Sep. 2024 is calculated as

Days Payable (A: Sep. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Sep. 2023 ) + Accounts Payable (A: Sep. 2024 )) / count ) / Cost of Goods Sold (A: Sep. 2024 )*Days in Period
=( (3.962 + 1.497) / 2 ) / 8.638*365
=2.7295 / 8.638*365
=115.34

WORK Medical Technology Group's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

Days Payable (Q: Sep. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2024 ) + Accounts Payable (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (2.643 + 1.497) / 2 ) / 4.872*365 / 2
=2.07 / 4.872*365 / 2
=77.54

* 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.

WORK Medical Technology Group Days Payable Related Terms

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WORK Medical Technology Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » WORK Medical Technology Group Ltd (NAS:WOK) » Definitions » Days Payable
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Traded in Other Exchanges
N/A
Address
Floor 23, No. 2 Tonghuinan Road, Xiaoshan District, Zhejiang Province, Hangzhou, CHN
Website
https://www.workmedtech.com
WORK Medical Technology Group Ltd is engaged in manufacturing and selling medical consumables through its wholly owned subsidiaries in the People's Republic of China. The Company's main products include medical face masks, tourniquets, airways, breathing circuits, intubation accessories, anesthesia kits, oxygen masks, suction sets, laryngoscope blades, KN95 masks, and other disposable medical devices, as well as medical equipment.