Nanjing Kangni Mechanical & Electrical Co (SHSE:603111) Days Payable : 245.28 (As of Mar. 2024)

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What is Nanjing Kangni Mechanical & Electrical Co Days Payable?

Nanjing Kangni Mechanical & Electrical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,312 Mil. Nanjing Kangni Mechanical & Electrical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥488 Mil. Hence, Nanjing Kangni Mechanical & Electrical Co's Days Payable for the three months ended in Mar. 2024 was 245.28.

The historical rank and industry rank for Nanjing Kangni Mechanical & Electrical Co's Days Payable or its related term are showing as below:

SHSE:603111' s Days Payable Range Over the Past 10 Years
Min: 193.61 Med: 234.55 Max: 269.71
Current: 193.61

During the past 13 years, Nanjing Kangni Mechanical & Electrical Co's highest Days Payable was 269.71. The lowest was 193.61. And the median was 234.55.

SHSE:603111's Days Payable is ranked better than
92.93% of 934 companies
in the Transportation industry
Industry Median: 38.63 vs SHSE:603111: 193.61

Nanjing Kangni Mechanical & Electrical Co's Days Payable declined from Mar. 2023 (329.28) to Mar. 2024 (245.28). It may suggest that Nanjing Kangni Mechanical & Electrical Co accelerated paying its suppliers.

Nanjing Kangni Mechanical & Electrical Co Days Payable Historical Data

The historical data trend for Nanjing Kangni Mechanical & Electrical 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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Nanjing Kangni Mechanical & Electrical Co Days Payable Chart

Nanjing Kangni Mechanical & Electrical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

248.28

235.19

233.83

242.43

226.38

Nanjing Kangni Mechanical & Electrical 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															329.28	245.33	167.34	145.85	245.28

Competitive Comparison of Nanjing Kangni Mechanical & Electrical Co's Days Payable

For the Railroads subindustry, Nanjing Kangni Mechanical & Electrical 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.

Nanjing Kangni Mechanical & Electrical Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Nanjing Kangni Mechanical & Electrical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Nanjing Kangni Mechanical & Electrical Co's Days Payable falls into.

Nanjing Kangni Mechanical & Electrical 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.

Nanjing Kangni Mechanical & Electrical 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
=	( (1511.62	+	1346.301)	/	2 )	/	2303.999	*	365
=	1428.9605					/	2303.999	*	365
=	226.38

Nanjing Kangni Mechanical & Electrical 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
=	( (1346.301	+	1276.716)	/	2 )	/	487.91	*	365 / 4
=	1311.5085					/	487.91	*	365 / 4
=	245.28

Nanjing Kangni Mechanical & Electrical Co Days Payable Related Terms

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Nanjing Kangni Mechanical & Electrical Co (SHSE:603111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nanjing Kangni Mechanical & Electrical Co Ltd (SHSE:603111) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

19, Hengda Road, Economic and Technological Development Zone, Nanjing, CHN, 210038

Website

http://www.kn-nanjing.com

Nanjing Kangni Mechanical & Electrical Co Ltd IS engaged in the research and development, manufacturing and maintenance of railway vehicle door system. It has cooperated with major car builders such as Bombardier, Alstom, and Siemens to sell products all over the world, including France, Canada, Turkey, Singapore, Argentina, America, Saudi Arabia and Brazil. It also provides other a full suite of related products such as interior fittings, power connectors, platform screen doors, new energy products for automobile industry and precision machining equipment.

Executives

Liao Liang Mao	Director
Li Hong	senior management
Xu Qing	senior management
Chen Lei	senior management
Wang Ya Dong	senior management
Zhang Jin Xiong	Supervisors
Xu Guan Nan	senior management
Tang Wei Hua	senior management
Liu Wen Ping	Director
Gu Mei Hua	senior management
Gao Wen Ming	Director
Zhu Wei Dong	senior management
Shi Xiang	senior management
Chen Ying Qi	Director

Nanjing Kangni Mechanical & Electrical Co (SHSE:603111) Headlines

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