Pony Testing International Group Co (SZSE:300887) Days Payable : 58.60 (As of Mar. 2024)

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What is Pony Testing International Group Co Days Payable?

Pony Testing International Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥169 Mil. Pony Testing International Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥263 Mil. Hence, Pony Testing International Group Co's Days Payable for the three months ended in Mar. 2024 was 58.60.

The historical rank and industry rank for Pony Testing International Group Co's Days Payable or its related term are showing as below:

SZSE:300887' s Days Payable Range Over the Past 10 Years
Min: 11.35 Med: 25 Max: 56.97
Current: 51.79

During the past 11 years, Pony Testing International Group Co's highest Days Payable was 56.97. The lowest was 11.35. And the median was 25.00.

SZSE:300887's Days Payable is ranked better than
52.71% of 922 companies
in the Business Services industry
Industry Median: 47.92 vs SZSE:300887: 51.79

Pony Testing International Group Co's Days Payable declined from Mar. 2023 (68.61) to Mar. 2024 (58.60). It may suggest that Pony Testing International Group Co accelerated paying its suppliers.

Pony Testing International Group Co Days Payable Historical Data

The historical data trend for Pony Testing International 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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Pony Testing International Group Co Days Payable Chart

Pony Testing International Group Co Annual Data

Trend

Dec09

Dec10

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

19.17

22.74

33.62

30.53

56.97

Pony Testing International 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															68.61	56.75	58.77	40.27	58.60

Competitive Comparison of Pony Testing International Group Co's Days Payable

For the Specialty Business Services subindustry, Pony Testing International 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.

Pony Testing International Group Co's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Pony Testing International Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Pony Testing International Group Co's Days Payable falls into.

Pony Testing International 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.

Pony Testing International 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
=	( (264.957	+	176.033)	/	2 )	/	1412.595	*	365
=	220.495					/	1412.595	*	365
=	56.97

Pony Testing International 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
=	( (176.033	+	162.281)	/	2 )	/	263.4	*	365 / 4
=	169.157					/	263.4	*	365 / 4
=	58.60

Pony Testing International Group Co Days Payable Related Terms

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Pony Testing International Group Co (SZSE:300887) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Pony Testing International Group Co Ltd (SZSE:300887) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 66, Jindai Road, 101, 5th Floor, Building 1, Haidian District, Beijing, CHN, 100095

Website

https://www.ponytest.com

Pony Testing Co Ltd provides inspection, measurement, certification and related technical services.The services are offered in various areas such as medical device inspection, technical consultation of measuring instruments and equipment, environmental monitoring, trade compliance and others.

Pony Testing International Group Co (SZSE:300887) Headlines

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