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Innovation Medical Management Co (SZSE:002173) Days Payable : 105.93 (As of Mar. 2024)


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What is Innovation Medical Management Co Days Payable?

Innovation Medical Management Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥205.0 Mil. Innovation Medical Management Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥176.6 Mil. Hence, Innovation Medical Management Co's Days Payable for the three months ended in Mar. 2024 was 105.93.

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

SZSE:002173' s Days Payable Range Over the Past 10 Years
Min: 40.65   Med: 87.32   Max: 106.99
Current: 98.34

During the past 13 years, Innovation Medical Management Co's highest Days Payable was 106.99. The lowest was 40.65. And the median was 87.32.

SZSE:002173's Days Payable is ranked better than
74.56% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 56.41 vs SZSE:002173: 98.34

Innovation Medical Management Co's Days Payable declined from Mar. 2023 (105.99) to Mar. 2024 (105.93). It may suggest that Innovation Medical Management Co accelerated paying its suppliers.


Innovation Medical Management Co Days Payable Historical Data

The historical data trend for Innovation Medical Management 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.

Innovation Medical Management Co Days Payable Chart

Innovation Medical Management Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 60.50 90.96 100.06 105.73 106.99

Innovation Medical Management 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 105.99 99.66 89.48 95.20 105.93

Competitive Comparison of Innovation Medical Management Co's Days Payable

For the Luxury Goods subindustry, Innovation Medical Management 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.


Innovation Medical Management Co's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Innovation Medical Management Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Innovation Medical Management Co's Days Payable falls into.



Innovation Medical Management 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.

Innovation Medical Management 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
=( (210.079 + 208.123) / 2 ) / 713.377*365
=209.101 / 713.377*365
=106.99

Innovation Medical Management 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
=( (208.123 + 201.966) / 2 ) / 176.623*365 / 4
=205.0445 / 176.623*365 / 4
=105.93

* 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.


Innovation Medical Management Co Days Payable Related Terms

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Innovation Medical Management Co (SZSE:002173) Business Description

Traded in Other Exchanges
N/A
Address
Pearl Industrial Park, Shanxiahu Town, Zhejiang Province, Zhuji, CHN, 311804
Innovation Medical Management Co Ltd is involved in diversified pearl industry. It is engaged in the pearl farming, processing, design and sales, import and export, tradeand research and bio pharmaceutical that develops pearls. It also has online store which offers pearl necklace, pendant, earrings, ring, bracelets and chain.
Executives
Ma Jian Jian Executives
Ruan Guang Yin Director
Chen Hai Jun Director
Wang Song Tao Director
He Yong Ji Director
Chen Xia Ying Director
Ma San Guang Directors, executives
Sun Bo Ren Director
Lou Lai Feng Directors, executives
Lou Yong Qi Supervisors

Innovation Medical Management Co (SZSE:002173) Headlines

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