Sichuan Gangtong Medical Equipment Group Co (SZSE:301515) Days Payable : 396.69 (As of Mar. 2024)

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What is Sichuan Gangtong Medical Equipment Group Co Days Payable?

Sichuan Gangtong Medical Equipment Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥247.8 Mil. Sichuan Gangtong Medical Equipment Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥57.0 Mil. Hence, Sichuan Gangtong Medical Equipment Group Co's Days Payable for the three months ended in Mar. 2024 was 396.69.

The historical rank and industry rank for Sichuan Gangtong Medical Equipment Group Co's Days Payable or its related term are showing as below:

SZSE:301515' s Days Payable Range Over the Past 10 Years
Min: 49.68 Med: 101.08 Max: 146.35
Current: 129.01

During the past 11 years, Sichuan Gangtong Medical Equipment Group Co's highest Days Payable was 146.35. The lowest was 49.68. And the median was 101.08.

SZSE:301515's Days Payable is ranked better than
73.38% of 789 companies
in the Medical Devices & Instruments industry
Industry Median: 73.02 vs SZSE:301515: 129.01

Sichuan Gangtong Medical Equipment Group Co's Days Payable increased from Mar. 2023 (358.06) to Mar. 2024 (396.69). It may suggest that Sichuan Gangtong Medical Equipment Group Co delayed paying its suppliers.

Sichuan Gangtong Medical Equipment Group Co Days Payable Historical Data

The historical data trend for Sichuan Gangtong Medical Equipment 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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Sichuan Gangtong Medical Equipment Group Co Days Payable Chart

Sichuan Gangtong Medical Equipment Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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110.96

106.63

105.08

124.55

146.35

Sichuan Gangtong Medical Equipment Group Co Quarterly Data
	Dec12	Dec13	Dec14	Dec15	Dec16	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial														358.06	89.11	289.06	74.54	396.69

Competitive Comparison of Sichuan Gangtong Medical Equipment Group Co's Days Payable

For the Medical Devices subindustry, Sichuan Gangtong Medical Equipment 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.

Sichuan Gangtong Medical Equipment Group Co's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Sichuan Gangtong Medical Equipment Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Sichuan Gangtong Medical Equipment Group Co's Days Payable falls into.

Sichuan Gangtong Medical Equipment 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.

Sichuan Gangtong Medical Equipment 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
=	( (219.457	+	271.909)	/	2 )	/	612.748	*	365
=	245.683					/	612.748	*	365
=	146.35

Sichuan Gangtong Medical Equipment 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
=	( (271.909	+	223.666)	/	2 )	/	56.998	*	365 / 4
=	247.7875					/	56.998	*	365 / 4
=	396.69

Sichuan Gangtong Medical Equipment Group Co Days Payable Related Terms

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Sichuan Gangtong Medical Equipment Group Co (SZSE:301515) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sichuan Gangtong Medical Equipment Group Co Ltd (SZSE:301515) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 356, South Section of Kailiwei Industrial Avenue, Sichuan, Jianyang, CHN, 641400

Website

http://www.gtjt.com

Sichuan Gangtong Medical Equipment Group Co Ltd is a modern provider of medical device research & development and manufacturing and medical professional system overall solutions. It is committed to solving the problems of medical gas supply and medical infection, providing various medical institutions with safe, stable, reliable and intelligent life support systems and life support areas.

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