WXT (Wuxin Technology Holdings) Days Payable: 44.22 (As of Dec. 2021)


What is Wuxin Technology Holdings Days Payable?

Wuxin Technology Holdings WXT Days Payable is 44.22 as of Dec. 2021.

Wuxin Technology Holdings's average Accounts Payable for the three months ended in Dec. 2021 was $7.05 Mil. Wuxin Technology Holdings's Cost of Goods Sold for the three months ended in Dec. 2021 was $14.54 Mil. Hence, Wuxin Technology Holdings's Days Payable for the three months ended in Dec. 2021 was 44.22.

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

WXT's Days Payable is not ranked *
in the Hardware industry.
Industry Median: 69.935
* Ranked among companies with meaningful Days Payable only.

Wuxin Technology Holdings's Days Payable increased from . 20 (0.00) to Dec. 2021 (44.22). It may suggest that Wuxin Technology Holdings delayed paying its suppliers.

Wuxin Technology Holdings Days Payable Historical Data

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The historical data trend for Wuxin Technology Holdings'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.

Wuxin Technology Holdings Days Payable Chart

Wuxin Technology Holdings Annual Data
Trend Jun20 Jun21
Days Payable
93.56 75.34

Wuxin Technology Holdings Quarterly Data
Jun20 Dec20 Jun21 Dec21
Days Payable 0.00 36.66 38.46 44.22

WXT vs : Days Payable Comparison

For the Communication Equipment subindustry, Wuxin Technology Holdings'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.

Wuxin Technology Holdings Days Payable vs Hardware Industry

For the Hardware industry and Technology sector, Wuxin Technology Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Wuxin Technology Holdings's Days Payable falls into.


Wuxin Technology Holdings 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.

Wuxin Technology Holdings's Days Payable for the fiscal year that ended in Jun. 2021 is calculated as

Days Payable (A: Jun. 2021 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2020 ) + Accounts Payable (A: Jun. 2021 )) / count ) / Cost of Goods Sold (A: Jun. 2021 )*Days in Period
=( (5.632 + 7.558) / 2 ) / 31.952*365
=6.595 / 31.952*365
=75.34

Wuxin Technology Holdings's Days Payable for the quarter that ended in Dec. 2021 is calculated as:

Days Payable (Q: Dec. 2021 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2021 ) + Accounts Payable (Q: Dec. 2021 )) / count ) / Cost of Goods Sold (Q: Dec. 2021 )*Days in Period
=( (7.558 + 6.535) / 2 ) / 14.54*365 / 4
=7.0465 / 14.54*365 / 4
=44.22

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 44.22 mean?
Wuxin Technology Holdings (WXT) has a Days Payable of 44.22 as of Dec. 2021. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Wuxin Technology Holdings and its competitors.
Is Wuxin Technology Holdings' Days Payable too high?
Wuxin Technology Holdings' current Days Payable is 44.22. The Hardware industry median Days Payable is 69.94. Wuxin Technology Holdings' value of 44.22 is 36.8% below this industry median.
How does Wuxin Technology Holdings' Days Payable compare to ?
Wuxin Technology Holdings' Days Payable of 44.22 can be compared against companies in the Hardware industry. The industry median Days Payable is 69.94. Wuxin Technology Holdings' value of 44.22 is 36.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Hardware company?
The median Days Payable among Hardware companies is 69.94, based on 2,438 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Wuxin Technology Holdings's current Days Payable of 44.22 is 36.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Wuxin Technology Holdings and its competitors. For the Hardware industry, the median Days Payable is 69.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wuxin Technology Holdings's current Days Payable is 44.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wuxin Technology Holdings stock overvalued right now?
Wuxin Technology Holdings (WXT) has a current Days Payable of 44.22. The current Days Payable is 44.22 and 36.8% below the Hardware industry median of 69.94. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Wuxin Technology Holdings (WXT), the current Days Payable is 44.22 as of Dec. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Wuxin Technology Holdings Business Description

Comparable Companies
Address No. 2 Qiongyu Road, Nanshan District, Tefa Information and Technology Plaza, Floor 15, Shenzhen, CHN, 518052
Wuxin Technology Holdings Inc is engaged in providing Internet of Things connectivity solutions. The company has developed an ant delete center (ADC) protocol, which is a wireless, decentralized, and ad hoc protocol derived from the foraging principle of ant colonies, and allows an IoT network of numerous nodes to efficiently detect the shortest path of data transmission and decentralize the control.