Ningbo Water Meter (Group) Co (SHSE:603700) Days Payable : 227.19 (As of Mar. 2024)

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What is Ningbo Water Meter (Group) Co Days Payable?

Ningbo Water Meter (Group) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥437 Mil. Ningbo Water Meter (Group) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥175 Mil. Hence, Ningbo Water Meter (Group) Co's Days Payable for the three months ended in Mar. 2024 was 227.19.

The historical rank and industry rank for Ningbo Water Meter (Group) Co's Days Payable or its related term are showing as below:

SHSE:603700' s Days Payable Range Over the Past 10 Years
Min: 66.97 Med: 100.88 Max: 176.07
Current: 139.19

During the past 11 years, Ningbo Water Meter (Group) Co's highest Days Payable was 176.07. The lowest was 66.97. And the median was 100.88.

SHSE:603700's Days Payable is ranked better than
74.74% of 2938 companies
in the Industrial Products industry
Industry Median: 76.765 vs SHSE:603700: 139.19

Ningbo Water Meter (Group) Co's Days Payable increased from Mar. 2023 (204.87) to Mar. 2024 (227.19). It may suggest that Ningbo Water Meter (Group) Co delayed paying its suppliers.

Ningbo Water Meter (Group) Co Days Payable Historical Data

The historical data trend for Ningbo Water Meter (Group) 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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Ningbo Water Meter (Group) Co Days Payable Chart

Ningbo Water Meter (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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108.30

122.17

131.58

176.07

157.16

Ningbo Water Meter (Group) 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															204.87	122.48	143.10	122.41	227.19

Competitive Comparison of Ningbo Water Meter (Group) Co's Days Payable

For the Electrical Equipment & Parts subindustry, Ningbo Water Meter (Group) 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.

Ningbo Water Meter (Group) Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ningbo Water Meter (Group) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ningbo Water Meter (Group) Co's Days Payable falls into.

Ningbo Water Meter (Group) 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.

Ningbo Water Meter (Group) 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
=	( (589.99	+	508.737)	/	2 )	/	1275.866	*	365
=	549.3635					/	1275.866	*	365
=	157.16

Ningbo Water Meter (Group) 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
=	( (508.737	+	364.395)	/	2 )	/	175.344	*	365 / 4
=	436.566					/	175.344	*	365 / 4
=	227.19

Ningbo Water Meter (Group) Co Days Payable Related Terms

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Ningbo Water Meter (Group) Co (SHSE:603700) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Water Meter (Group) Co Ltd (SHSE:603700) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 355, Hongxing Road, Jiangbei District, Ningbo, CHN, 315032

Website

http://www.nwmwatermeters.com

Ningbo Water Meter (Group) Co Ltd is engaged in manufacturing water meters. The product portfolio includes liquid sealed water meters, volumetric rotary piston water meter, manual batch control water meter, multi-jet dry type water meter and others.

Executives

Xu Yun	Director
Wang Kai Ta	Director
Zhang Shi Hao	Director
Wang Zong Hui	Director
Chen Xiang	Supervisors
Zhang Lin	Director
Lin Qi	Supervisors
Chen Hai Hua	Supervisors
Xu Da Wei	senior management
Zhao Shao Man	Director

Ningbo Water Meter (Group) Co (SHSE:603700) Headlines

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