Wuhan Yifi Laser (SHSE:688646) Days Payable : 321.11 (As of Mar. 2024)

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What is Wuhan Yifi Laser Days Payable?

Wuhan Yifi Laser's average Accounts Payable for the three months ended in Mar. 2024 was ¥261.5 Mil. Wuhan Yifi Laser's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥74.3 Mil. Hence, Wuhan Yifi Laser's Days Payable for the three months ended in Mar. 2024 was 321.11.

The historical rank and industry rank for Wuhan Yifi Laser's Days Payable or its related term are showing as below:

SHSE:688646' s Days Payable Range Over the Past 10 Years
Min: 213.03 Med: 225.21 Max: 499.37
Current: 224.85

During the past 5 years, Wuhan Yifi Laser's highest Days Payable was 499.37. The lowest was 213.03. And the median was 225.21.

SHSE:688646's Days Payable is ranked better than
89.68% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs SHSE:688646: 224.85

Wuhan Yifi Laser's Days Payable declined from Mar. 2023 (325.39) to Mar. 2024 (321.11). It may suggest that Wuhan Yifi Laser accelerated paying its suppliers.

Wuhan Yifi Laser Days Payable Historical Data

The historical data trend for Wuhan Yifi Laser'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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Wuhan Yifi Laser Days Payable Chart

Wuhan Yifi Laser Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

499.37

364.36

221.19

225.21

213.03

Wuhan Yifi Laser Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial								325.39	201.50	271.37	175.25	321.11

Competitive Comparison of Wuhan Yifi Laser's Days Payable

For the Specialty Industrial Machinery subindustry, Wuhan Yifi Laser'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.

Wuhan Yifi Laser's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wuhan Yifi Laser's Days Payable distribution charts can be found below:

* The bar in red indicates where Wuhan Yifi Laser's Days Payable falls into.

Wuhan Yifi Laser 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.

Wuhan Yifi Laser'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
=	( (274.868	+	272.565)	/	2 )	/	468.988	*	365
=	273.7165					/	468.988	*	365
=	213.03

Wuhan Yifi Laser'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
=	( (272.565	+	250.446)	/	2 )	/	74.312	*	365 / 4
=	261.5055					/	74.312	*	365 / 4
=	321.11

Wuhan Yifi Laser Days Payable Related Terms

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Wuhan Yifi Laser (SHSE:688646) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuhan Yifi Laser Corp Ltd (SHSE:688646) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 999 Gaoxin Avenue, Room 1101, Building C1, Phase I, Longshan Innovation Park, Wuhan Future Science and Technology City, East Lake High-tech Development Zone, Hubei, Wuhan, CHN, 430000

Website

http://www.yifilaser.com

Wuhan Yifi Laser Corp Ltd is engaged in Research and development, design, production and sales of precision laser processing intelligent equipment.

Wuhan Yifi Laser (SHSE:688646) Headlines

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