Yuhuan CNC Machine Tool Co (SZSE:002903) Days Payable : 259.08 (As of Mar. 2024)

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What is Yuhuan CNC Machine Tool Co Days Payable?

Yuhuan CNC Machine Tool Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥188.7 Mil. Yuhuan CNC Machine Tool Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥66.5 Mil. Hence, Yuhuan CNC Machine Tool Co's Days Payable for the three months ended in Mar. 2024 was 259.08.

The historical rank and industry rank for Yuhuan CNC Machine Tool Co's Days Payable or its related term are showing as below:

SZSE:002903' s Days Payable Range Over the Past 10 Years
Min: 159.07 Med: 284.27 Max: 462.22
Current: 268.88

During the past 11 years, Yuhuan CNC Machine Tool Co's highest Days Payable was 462.22. The lowest was 159.07. And the median was 284.27.

SZSE:002903's Days Payable is ranked better than
93.97% of 2936 companies
in the Industrial Products industry
Industry Median: 76.395 vs SZSE:002903: 268.88

Yuhuan CNC Machine Tool Co's Days Payable increased from Mar. 2023 (254.96) to Mar. 2024 (259.08). It may suggest that Yuhuan CNC Machine Tool Co delayed paying its suppliers.

Yuhuan CNC Machine Tool Co Days Payable Historical Data

The historical data trend for Yuhuan CNC Machine Tool 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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Yuhuan CNC Machine Tool Co Days Payable Chart

Yuhuan CNC Machine Tool Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

462.22

283.24

305.52

301.64

285.29

Yuhuan CNC Machine Tool Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															254.96	264.22	296.53	293.79	259.08

Competitive Comparison of Yuhuan CNC Machine Tool Co's Days Payable

For the Specialty Industrial Machinery subindustry, Yuhuan CNC Machine Tool 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.

Yuhuan CNC Machine Tool Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Yuhuan CNC Machine Tool Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Yuhuan CNC Machine Tool Co's Days Payable falls into.

Yuhuan CNC Machine Tool 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.

Yuhuan CNC Machine Tool Co'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
=	( (136.921	+	195.65)	/	2 )	/	212.748	*	365
=	166.2855					/	212.748	*	365
=	285.29

Yuhuan CNC Machine Tool Co'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
=	( (195.65	+	181.784)	/	2 )	/	66.468	*	365 / 4
=	188.717					/	66.468	*	365 / 4
=	259.08

Yuhuan CNC Machine Tool Co Days Payable Related Terms

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Yuhuan CNC Machine Tool Co (SZSE:002903) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Yuhuan CNC Machine Tool Co Ltd (SZSE:002903) » Definitions » Days Payable

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Traded in Other Exchanges

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Address

No. 9 Yongyang Road, Liuyang manufacturing industry base, Hunan Province, Changsha, CHN, 410323

Website

http://www.yh-cn.com

Yuhuan CNC Machine Tool Co Ltd is specialized in the research and development, production, sales and service of CNC grinding equipment, polishing machines and intelligent equipment products. The company's products are widely used in automotive, IT electronic, military, and aerospace, shipbuilding, bearings, seals, household appliances, and other key areas of the national economy.

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