Nanjing Medlander Medical Technology Co (SHSE:688273) Days Payable : 70.70 (As of Mar. 2024)

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What is Nanjing Medlander Medical Technology Co Days Payable?

Nanjing Medlander Medical Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥21.0 Mil. Nanjing Medlander Medical Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥27.1 Mil. Hence, Nanjing Medlander Medical Technology Co's Days Payable for the three months ended in Mar. 2024 was 70.70.

The historical rank and industry rank for Nanjing Medlander Medical Technology Co's Days Payable or its related term are showing as below:

SHSE:688273' s Days Payable Range Over the Past 10 Years
Min: 41.75 Med: 58.31 Max: 92.45
Current: 61.97

During the past 6 years, Nanjing Medlander Medical Technology Co's highest Days Payable was 92.45. The lowest was 41.75. And the median was 58.31.

SHSE:688273's Days Payable is ranked worse than
56.71% of 790 companies
in the Medical Devices & Instruments industry
Industry Median: 72.585 vs SHSE:688273: 61.97

Nanjing Medlander Medical Technology Co's Days Payable increased from Mar. 2023 (28.03) to Mar. 2024 (70.70). It may suggest that Nanjing Medlander Medical Technology Co delayed paying its suppliers.

Nanjing Medlander Medical Technology Co Days Payable Historical Data

The historical data trend for Nanjing Medlander Medical 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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Nanjing Medlander Medical Technology Co Days Payable Chart

Nanjing Medlander Medical Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

81.26

58.13

47.32

41.75

58.49

Nanjing Medlander Medical Technology Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												28.03	40.37	42.44	94.41	70.70

Competitive Comparison of Nanjing Medlander Medical Technology Co's Days Payable

For the Medical Devices subindustry, Nanjing Medlander Medical 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.

Nanjing Medlander Medical Technology Co's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Nanjing Medlander Medical Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Nanjing Medlander Medical Technology Co's Days Payable falls into.

Nanjing Medlander Medical 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.

Nanjing Medlander Medical 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
=	( (13.608	+	17.95)	/	2 )	/	98.466	*	365
=	15.779					/	98.466	*	365
=	58.49

Nanjing Medlander Medical 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
=	( (17.95	+	23.998)	/	2 )	/	27.071	*	365 / 4
=	20.974					/	27.071	*	365 / 4
=	70.70

Nanjing Medlander Medical Technology Co Days Payable Related Terms

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Nanjing Medlander Medical Technology Co (SHSE:688273) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Nanjing Medlander Medical Technology Co Ltd (SHSE:688273) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Gande Road, 2nd Floor, Building 5, Jiangning High-tech Park, Jiangning District, Jiangsu Province, Nanjing City, CHN, 211100

Website

http://www.medlander.com

Nanjing Medlander Medical Technology Co Ltd is engaged in the research and development, production, sales and service of related products in the field of pelvic floor and postpartum rehabilitation.

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