Dirui Industrial Co (SZSE:300396) Days Payable : 123.44 (As of Mar. 2024)

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What is Dirui Industrial Co Days Payable?

Dirui Industrial Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥570 Mil. Dirui Industrial Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥421 Mil. Hence, Dirui Industrial Co's Days Payable for the three months ended in Mar. 2024 was 123.44.

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

SZSE:300396' s Days Payable Range Over the Past 10 Years
Min: 64.4 Med: 94.26 Max: 260.44
Current: 195.41

During the past 13 years, Dirui Industrial Co's highest Days Payable was 260.44. The lowest was 64.40. And the median was 94.26.

SZSE:300396's Days Payable is ranked better than
78.54% of 205 companies
in the Medical Diagnostics & Research industry
Industry Median: 65.48 vs SZSE:300396: 195.41

Dirui Industrial Co's Days Payable declined from Mar. 2023 (237.74) to Mar. 2024 (123.44). It may suggest that Dirui Industrial Co accelerated paying its suppliers.

Dirui Industrial Co Days Payable Historical Data

The historical data trend for Dirui Industrial 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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Dirui Industrial Co Days Payable Chart

Dirui Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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111.80

82.57

104.08

176.93

260.44

Dirui Industrial 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															237.74	213.26	249.00	308.25	123.44

Competitive Comparison of Dirui Industrial Co's Days Payable

For the Diagnostics & Research subindustry, Dirui Industrial 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.

Dirui Industrial Co's Days Payable Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Dirui Industrial Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Dirui Industrial Co's Days Payable falls into.

Dirui Industrial 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.

Dirui Industrial 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
=	( (415.974	+	556.844)	/	2 )	/	681.683	*	365
=	486.409					/	681.683	*	365
=	260.44

Dirui Industrial 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
=	( (556.844	+	583.195)	/	2 )	/	421.381	*	365 / 4
=	570.0195					/	421.381	*	365 / 4
=	123.44

Dirui Industrial Co Days Payable Related Terms

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Dirui Industrial Co (SZSE:300396) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Dirui Industrial Co Ltd (SZSE:300396) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3333 Yiju Street, New&High Tech. Development Zone, Jilin, Changchun, CHN, 130103

Website

http://www.dirui.com.cn

Dirui Industrial Co Ltd is a supplier of laboratory solutions. It is engaged in research and development, manufacturing, and sales of diagnostic products including laboratory equipment and clinical diagnostic reagents. Dirui's collective product portfolio represents complete laboratory solutions for the in-vitro diagnostic areas of hematology, clinical chemistry, and urinalysis. The company offers chemistry, hematology, urine, and vaginal infection analyzers. It also provides reagents and consumables, such as chemical reagents and detergents, chemistry quality controls/calibrators, ISE reagents, hematology analyzer reagents, urine sediment analyzer reagents, urinalysis controls and strips, and automatic urine analyzer detergents.

Executives

Song Jie	Director
Li Jing	Executives
Wang Yun Li	Supervisors
Song Yong	Director
Sui Jian Qiang	Executives

Dirui Industrial Co (SZSE:300396) Headlines

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