Weiqiao Textile Co (Weiqiao Textile Co) Days Payable : 19.44 (As of Jun. 2023)

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What is Weiqiao Textile Co Days Payable?

Weiqiao Textile Co's average Accounts Payable for the six months ended in Jun. 2023 was $118 Mil. Weiqiao Textile Co's Cost of Goods Sold for the six months ended in Jun. 2023 was $1,107 Mil. Hence, Weiqiao Textile Co's Days Payable for the six months ended in Jun. 2023 was 19.44.

The historical rank and industry rank for Weiqiao Textile Co's Days Payable or its related term are showing as below:

WQTEF' s Days Payable Range Over the Past 10 Years
Min: 21.46 Med: 31.49 Max: 57.92
Current: 21.46

During the past 13 years, Weiqiao Textile Co's highest Days Payable was 57.92. The lowest was 21.46. And the median was 31.49.

WQTEF's Days Payable is not ranked
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 57.25 vs WQTEF: 21.46

Weiqiao Textile Co's Days Payable declined from Jun. 2022 (25.16) to Jun. 2023 (19.44). It may suggest that Weiqiao Textile Co accelerated paying its suppliers.

Weiqiao Textile Co Days Payable Historical Data

The historical data trend for Weiqiao Textile 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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Weiqiao Textile Co Days Payable Chart

Weiqiao Textile Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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27.74

33.70

36.09

26.13

22.75

Weiqiao Textile Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															24.12	20.01	25.16	23.08	19.44

Competitive Comparison of Weiqiao Textile Co's Days Payable

For the Textile Manufacturing subindustry, Weiqiao Textile 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.

Weiqiao Textile Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Weiqiao Textile Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Weiqiao Textile Co's Days Payable falls into.

Weiqiao Textile 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.

Weiqiao Textile Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (175.603	+	138.935)	/	2 )	/	2523.039	*	365
=	157.269					/	2523.039	*	365
=	22.75

Weiqiao Textile Co's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (138.935	+	96.953)	/	2 )	/	1107.206	*	365 / 2
=	117.944					/	1107.206	*	365 / 2
=	19.44

Weiqiao Textile Co Days Payable Related Terms

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Weiqiao Textile Co (Weiqiao Textile Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Weiqiao Textile Co Ltd (OTCPK:WQTEF) » Definitions » Days Payable

Traded in Other Exchanges

02698:Hong Kong WEZ:Germany

Address

No. 1, Wei Fang Road, Zouping Economic Development Zone, Zouping City, Shandong Province, Binzhou, CHN, 256200

Website

http://www.wqfz.com

Weiqiao Textile Co Ltd produces, sells, and distributes textiles including cotton yarn, grey fabric, and denim. Its geographical segment includes Mainland China, Southeast Asia, Hong Kong, South Asia, East Asia, and Other regions. The majority of the company's revenue is generated from Mainland China. It operates in two segments. The textile products segment produces and sells cotton yarn, grey fabric, and denim. The electricity and steam segment generates electricity and steam for internal use in the production of textile products and also for sale to external customers.

Weiqiao Textile Co (Weiqiao Textile Co) Headlines

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