Acotec Scientific Holdings (HKSE:06669) Days Payable : 74.00 (As of Dec. 2023)

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What is Acotec Scientific Holdings Days Payable?

Acotec Scientific Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$21.5 Mil. Acotec Scientific Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$53.0 Mil. Hence, Acotec Scientific Holdings's Days Payable for the six months ended in Dec. 2023 was 74.00.

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

HKSE:06669' s Days Payable Range Over the Past 10 Years
Min: 3.91 Med: 49.3 Max: 109.31
Current: 85.2

During the past 5 years, Acotec Scientific Holdings's highest Days Payable was 109.31. The lowest was 3.91. And the median was 49.30.

HKSE:06669's Days Payable is ranked better than
57.34% of 790 companies
in the Medical Devices & Instruments industry
Industry Median: 72.585 vs HKSE:06669: 85.20

Acotec Scientific Holdings's Days Payable declined from Dec. 2022 (145.64) to Dec. 2023 (74.00). It may suggest that Acotec Scientific Holdings accelerated paying its suppliers.

Acotec Scientific Holdings Days Payable Historical Data

The historical data trend for Acotec Scientific 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.

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Acotec Scientific Holdings Days Payable Chart

Acotec Scientific Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

3.91

20.46

49.30

109.31

89.88

Acotec Scientific Holdings Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial				220.64	73.73	145.64	91.80	74.00

Competitive Comparison of Acotec Scientific Holdings's Days Payable

For the Medical Devices subindustry, Acotec Scientific 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.

Acotec Scientific Holdings's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Acotec Scientific Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Acotec Scientific Holdings's Days Payable falls into.

Acotec Scientific 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.

Acotec Scientific Holdings'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
=	( (30.849	+	21.097)	/	2 )	/	105.476	*	365
=	25.973					/	105.476	*	365
=	89.88

Acotec Scientific Holdings's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (21.913	+	21.097)	/	2 )	/	53.033	*	365 / 2
=	21.505					/	53.033	*	365 / 2
=	74.00

Acotec Scientific Holdings Days Payable Related Terms

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Acotec Scientific Holdings (HKSE:06669) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Acotec Scientific Holdings Ltd (HKSE:06669) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

7W3:Germany

Address

16 North Hongda Road, 4-5th Floor, Building No. 1, Beijing Economic-Technological Development Area, Beijing, CHN

Website

http://www.acotec.cn

Acotec Scientific Holdings Ltd is a medical device company. The company is focused on providing leave nothing behind treatment solutions for vascular diseases. It has developed a suite of interventional medical devices featuring world- leading technologies, notably in the fields of drug-coated balloons and thrombus aspiration catheters. The company's commercialized product is Semi-compliant PTCA Balloon (YAN) is a product designed for dilation in coronary artery or coronary artery bypass vessels stenosis to improve myocardial perfusion. Geographically, the company operates from Mainland China, Europe and Other countries and regions. Majority of revenue is generated from Mainland China.

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