Xuancheng Valin Precision Technology Co (SHSE:603356) Days Payable : 105.57 (As of Mar. 2024)

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What is Xuancheng Valin Precision Technology Co Days Payable?

Xuancheng Valin Precision Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥258 Mil. Xuancheng Valin Precision Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥223 Mil. Hence, Xuancheng Valin Precision Technology Co's Days Payable for the three months ended in Mar. 2024 was 105.57.

The historical rank and industry rank for Xuancheng Valin Precision Technology Co's Days Payable or its related term are showing as below:

SHSE:603356' s Days Payable Range Over the Past 10 Years
Min: 57.9 Med: 71.52 Max: 80.9
Current: 66.86

During the past 11 years, Xuancheng Valin Precision Technology Co's highest Days Payable was 80.90. The lowest was 57.90. And the median was 71.52.

SHSE:603356's Days Payable is ranked worse than
57.41% of 2923 companies
in the Industrial Products industry
Industry Median: 76.67 vs SHSE:603356: 66.86

Xuancheng Valin Precision Technology Co's Days Payable increased from Mar. 2023 (95.13) to Mar. 2024 (105.57). It may suggest that Xuancheng Valin Precision Technology Co delayed paying its suppliers.

Xuancheng Valin Precision Technology Co Days Payable Historical Data

The historical data trend for Xuancheng Valin Precision Technology 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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Xuancheng Valin Precision Technology Co Days Payable Chart

Xuancheng Valin Precision Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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64.12

74.62

70.02

80.90

74.16

Xuancheng Valin Precision Technology 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															95.13	51.22	66.26	63.70	105.57

Competitive Comparison of Xuancheng Valin Precision Technology Co's Days Payable

For the Specialty Industrial Machinery subindustry, Xuancheng Valin Precision Technology 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.

Xuancheng Valin Precision Technology Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Xuancheng Valin Precision Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Xuancheng Valin Precision Technology Co's Days Payable falls into.

Xuancheng Valin Precision Technology 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.

Xuancheng Valin Precision Technology 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
=	( (326.719	+	269.637)	/	2 )	/	1467.665	*	365
=	298.178					/	1467.665	*	365
=	74.16

Xuancheng Valin Precision Technology 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
=	( (269.637	+	247.226)	/	2 )	/	223.38	*	365 / 4
=	258.4315					/	223.38	*	365 / 4
=	105.57

Xuancheng Valin Precision Technology Co Days Payable Related Terms

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Xuancheng Valin Precision Technology Co (SHSE:603356) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xuancheng Valin Precision Technology Co Ltd (SHSE:603356) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Langmei Road, Meizhu Town, Langxi County, Anhui Province, Xuancheng, CHN, 242115

Website

http://www.xchualing.com

Xuancheng Valin Precision Technology Co Ltd engages in manufacturing and development of elevator parts, steel structures, new material development. The company also procures raw materials required for purchase and storage, and transportation services. It is also engaged in labour subcontracting, and development of mechanical and electronic equipments.

Executives

Huang Chao	Director
Huang Ye Hua	Director
Xue Fei	Director
Tian Yuan	senior management
Jiang Xiao Ming	Director
Rao Si Ping	Supervisors
Ge Jian Song	Director
Zhang Yong Lin	senior management
Xie Jun	senior management

Xuancheng Valin Precision Technology Co (SHSE:603356) Headlines

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