Micro-Tech (Nanjing) Co (SHSE:688029) Days Payable : 123.67 (As of Mar. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Micro-Tech (Nanjing) Co Days Payable?

Micro-Tech (Nanjing) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥266 Mil. Micro-Tech (Nanjing) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥196 Mil. Hence, Micro-Tech (Nanjing) Co's Days Payable for the three months ended in Mar. 2024 was 123.67.

The historical rank and industry rank for Micro-Tech (Nanjing) Co's Days Payable or its related term are showing as below:

SHSE:688029' s Days Payable Range Over the Past 10 Years
Min: 79.57 Med: 112.97 Max: 169.16
Current: 120.29

During the past 13 years, Micro-Tech (Nanjing) Co's highest Days Payable was 169.16. The lowest was 79.57. And the median was 112.97.

SHSE:688029's Days Payable is ranked better than
70.6% of 789 companies
in the Medical Devices & Instruments industry
Industry Median: 73.02 vs SHSE:688029: 120.29

Micro-Tech (Nanjing) Co's Days Payable declined from Mar. 2023 (134.48) to Mar. 2024 (123.67). It may suggest that Micro-Tech (Nanjing) Co accelerated paying its suppliers.

Micro-Tech (Nanjing) Co Days Payable Historical Data

The historical data trend for Micro-Tech (Nanjing) 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.

* Premium members only.

Micro-Tech (Nanjing) Co Days Payable Chart

Micro-Tech (Nanjing) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

111.53

163.39

156.69

169.16

129.22

Micro-Tech (Nanjing) 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															134.48	126.49	128.39	110.26	123.67

Competitive Comparison of Micro-Tech (Nanjing) Co's Days Payable

For the Medical Instruments & Supplies subindustry, Micro-Tech (Nanjing) 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.

Micro-Tech (Nanjing) Co's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Micro-Tech (Nanjing) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Micro-Tech (Nanjing) Co's Days Payable falls into.

Micro-Tech (Nanjing) 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.

Micro-Tech (Nanjing) 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
=	( (332.309	+	273.793)	/	2 )	/	855.982	*	365
=	303.051					/	855.982	*	365
=	129.22

Micro-Tech (Nanjing) 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
=	( (273.793	+	258.803)	/	2 )	/	196.485	*	365 / 4
=	266.298					/	196.485	*	365 / 4
=	123.67

Micro-Tech (Nanjing) Co Days Payable Related Terms

Thank you for viewing the detailed overview of Micro-Tech (Nanjing) Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Micro-Tech (Nanjing) Co (SHSE:688029) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Micro-Tech (Nanjing) Co Ltd (SHSE:688029) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.10, Gaoke 3rd Road, High-tech Development Zone, Jiangsu, Nanjing, CHN, 210032

Website

http://www.micro-tech.com.cn

Micro-Tech (Nanjing) Co Ltd is primarily engaged in the manufacturing and sale of non-vascular stents and disposable biopsy forceps.

Executives

Leng De Rong	Directors, senior managers
Zhang Bo	Director
Liu Chun Jun	senior management
Zhang Feng	senior management
Pan Zhang Wang	Core technical personnel
Li Ning	Core technical personnel
Wei Jian Yu	Core technical personnel
Long Xiao Hui	Director
Rui Chen Wei	senior management
Chen Feng Jiang	senior management
Gong Xing Liang	Director

Micro-Tech (Nanjing) Co (SHSE:688029) Headlines

No Headlines