Suzhou Douson Drilling and Production Equipment Co (SHSE:603800) Days Payable : 234.49 (As of Mar. 2024)

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What is Suzhou Douson Drilling and Production Equipment Co Days Payable?

Suzhou Douson Drilling and Production Equipment Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥650 Mil. Suzhou Douson Drilling and Production Equipment Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥253 Mil. Hence, Suzhou Douson Drilling and Production Equipment Co's Days Payable for the three months ended in Mar. 2024 was 234.49.

The historical rank and industry rank for Suzhou Douson Drilling and Production Equipment Co's Days Payable or its related term are showing as below:

SHSE:603800' s Days Payable Range Over the Past 10 Years
Min: 127.67 Med: 142.11 Max: 183.51
Current: 183.51

During the past 13 years, Suzhou Douson Drilling and Production Equipment Co's highest Days Payable was 183.51. The lowest was 127.67. And the median was 142.11.

SHSE:603800's Days Payable is ranked better than
80.87% of 899 companies
in the Oil & Gas industry
Industry Median: 61.13 vs SHSE:603800: 183.51

Suzhou Douson Drilling and Production Equipment Co's Days Payable declined from Mar. 2023 (263.67) to Mar. 2024 (234.49). It may suggest that Suzhou Douson Drilling and Production Equipment Co accelerated paying its suppliers.

Suzhou Douson Drilling and Production Equipment Co Days Payable Historical Data

The historical data trend for Suzhou Douson Drilling and Production Equipment 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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Suzhou Douson Drilling and Production Equipment Co Days Payable Chart

Suzhou Douson Drilling and Production Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

129.20

158.20

141.60

142.61

164.35

Suzhou Douson Drilling and Production Equipment 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															263.67	175.02	225.30	137.88	234.49

Competitive Comparison of Suzhou Douson Drilling and Production Equipment Co's Days Payable

For the Oil & Gas Equipment & Services subindustry, Suzhou Douson Drilling and Production Equipment 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.

Suzhou Douson Drilling and Production Equipment Co's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Suzhou Douson Drilling and Production Equipment Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Suzhou Douson Drilling and Production Equipment Co's Days Payable falls into.

Suzhou Douson Drilling and Production Equipment 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.

Suzhou Douson Drilling and Production Equipment 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
=	( (845.883	+	658.281)	/	2 )	/	1670.3	*	365
=	752.082					/	1670.3	*	365
=	164.35

Suzhou Douson Drilling and Production Equipment 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
=	( (658.281	+	641.409)	/	2 )	/	252.884	*	365 / 4
=	649.845					/	252.884	*	365 / 4
=	234.49

Suzhou Douson Drilling and Production Equipment Co Days Payable Related Terms

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Suzhou Douson Drilling and Production Equipment Co (SHSE:603800) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Suzhou Douson Drilling and Production Equipment Co Ltd (SHSE:603800) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xingtai Road, Taiping Town, Xiangcheng District, Suzhou, CHN, 215137

Website

http://www.douson.cn

Suzhou Douson Drilling and Production Equipment Co Ltd is engaged in manufacturing and selling drilling equipment, production wellheads, valves and well control equipment. Its main products are Wellhead equipment and oil and gas (gas) trees, well control equipment, pipeline valves, top drive spindles and other oil and gas drilling equipment. Its products are widely used in the drilling, development, production and other fields of oil and gas, natural gas and shale oil and gas resources.

Suzhou Douson Drilling and Production Equipment Co (SHSE:603800) Headlines

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