Kangji Medical Holdings (HKSE:09997) Days Payable : 56.25 (As of Dec. 2023)

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What is Kangji Medical Holdings Days Payable?

Kangji Medical Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$35 Mil. Kangji Medical Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$113 Mil. Hence, Kangji Medical Holdings's Days Payable for the six months ended in Dec. 2023 was 56.25.

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

HKSE:09997' s Days Payable Range Over the Past 10 Years
Min: 33.77 Med: 42 Max: 55.74
Current: 55.74

During the past 7 years, Kangji Medical Holdings's highest Days Payable was 55.74. The lowest was 33.77. And the median was 42.00.

HKSE:09997's Days Payable is ranked worse than
63.36% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.905 vs HKSE:09997: 55.74

Kangji Medical Holdings's Days Payable increased from Dec. 2022 (46.31) to Dec. 2023 (56.25). It may suggest that Kangji Medical Holdings delayed paying its suppliers.

Kangji Medical Holdings Days Payable Historical Data

The historical data trend for Kangji Medical 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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Kangji Medical Holdings Days Payable Chart

Kangji Medical Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

37.17

45.96

42.00

49.24

54.64

Kangji Medical Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial							42.12	55.03	46.31	56.34	56.25

Competitive Comparison of Kangji Medical Holdings's Days Payable

For the Medical Instruments & Supplies subindustry, Kangji Medical 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.

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

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

* The bar in red indicates where Kangji Medical Holdings's Days Payable falls into.

Kangji Medical 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.

Kangji Medical 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
=	( (23.174	+	37.348)	/	2 )	/	202.156	*	365
=	30.261					/	202.156	*	365
=	54.64

Kangji Medical 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
=	( (32.094	+	37.348)	/	2 )	/	112.648	*	365 / 2
=	34.721					/	112.648	*	365 / 2
=	56.25

Kangji Medical Holdings Days Payable Related Terms

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Kangji Medical Holdings (HKSE:09997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Kangji Medical Holdings Ltd (HKSE:09997) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

50J:Germany

Address

No. 1668 Chunjiang East Road, Tonglu Economic Development Zone, Zhejiang Province, Hangzhou, CHN

Website

https://www.kangjimedical.com

Kangji Medical Holdings Ltd is engaged in the production and sales of minimally invasive surgical instruments and accessories. The company offers a product portfolio to provide physicians and hospitals with one-shop and tailored surgical solutions for four surgical specialties OBGYN, general surgery, urology, and thoracic surgery. It manufactures and sells both disposable and reusable products. Its product portfolio includes disposable trocars, polymer ligation clips, disposable electrocoagulation forceps, and reusable trocar and forceps. It derives the majority of its revenue from Mainland China.

Executives

Butterfield Trust (asia) Limited	2301 Trustee
Fortune Spring Zm Aa Limited	2101 Beneficial owner
Yg Aa Limited	2201 Interest of corporation controlled by you
Bos Trustee Limited	2201 Interest of corporation controlled by you
Zhong Ming	2501 Other
Fortune Spring Yg B Limited	2101 Beneficial owner
Shentu Yinguang	2501 Other
Fortune Spring Zm B Limited	2101 Beneficial owner
Credit Suisse Trust Limited	2201 Interest of corporation controlled by you
Bonderman David	2201 Interest of corporation controlled by you
Coulter James George	2201 Interest of corporation controlled by you
Keyhole Holding Limited	2101 Beneficial owner
Tpg Asia Genpar Vii Advisors, Inc.	2201 Interest of corporation controlled by you
Tpg Asia Genpar Vii, L.p.	2201 Interest of corporation controlled by you
Tpg Group Holdings (sbs) Advisors, Inc.	2201 Interest of corporation controlled by you

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