Shandong Wantong Hydraulic Co (BJSE:830839) Days Payable : 81.33 (As of Mar. 2024)

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What is Shandong Wantong Hydraulic Co Days Payable?

Shandong Wantong Hydraulic Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥95.1 Mil. Shandong Wantong Hydraulic Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥106.7 Mil. Hence, Shandong Wantong Hydraulic Co's Days Payable for the three months ended in Mar. 2024 was 81.33.

The historical rank and industry rank for Shandong Wantong Hydraulic Co's Days Payable or its related term are showing as below:

BJSE:830839' s Days Payable Range Over the Past 10 Years
Min: 57.43 Med: 78.12 Max: 151.59
Current: 68.54

During the past 12 years, Shandong Wantong Hydraulic Co's highest Days Payable was 151.59. The lowest was 57.43. And the median was 78.12.

BJSE:830839's Days Payable is ranked worse than
56.36% of 2924 companies
in the Industrial Products industry
Industry Median: 76.835 vs BJSE:830839: 68.54

Shandong Wantong Hydraulic Co's Days Payable increased from Mar. 2023 (66.06) to Mar. 2024 (81.33). It may suggest that Shandong Wantong Hydraulic Co delayed paying its suppliers.

Shandong Wantong Hydraulic Co Days Payable Historical Data

The historical data trend for Shandong Wantong Hydraulic 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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Shandong Wantong Hydraulic Co Days Payable Chart

Shandong Wantong Hydraulic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

75.80

57.43

58.96

58.78

57.94

Shandong Wantong Hydraulic 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															66.06	58.34	62.67	75.37	81.33

Competitive Comparison of Shandong Wantong Hydraulic Co's Days Payable

For the Specialty Industrial Machinery subindustry, Shandong Wantong Hydraulic 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.

Shandong Wantong Hydraulic Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shandong Wantong Hydraulic Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong Wantong Hydraulic Co's Days Payable falls into.

Shandong Wantong Hydraulic 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.

Shandong Wantong Hydraulic 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
=	( (80.215	+	85.577)	/	2 )	/	522.183	*	365
=	82.896					/	522.183	*	365
=	57.94

Shandong Wantong Hydraulic 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
=	( (85.577	+	104.534)	/	2 )	/	106.655	*	365 / 4
=	95.0555					/	106.655	*	365 / 4
=	81.33

Shandong Wantong Hydraulic Co Days Payable Related Terms

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Shandong Wantong Hydraulic Co (BJSE:830839) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong Wantong Hydraulic Co Ltd (BJSE:830839) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Shandong Road, Shandong Province, Wulian County, Rizhao City, CHN, 262300

Website

http://www.sdwtyy.com

Shandong Wantong Hydraulic Co Ltd engages in research and development, manufacture, and sales of hydraulic cylinders, mainly producing automobile hydraulic cylinders and mining hydraulic cylinders. Its product offerings comprise Piston cylinders, Telescopic cylinders, Tie rod cylinders, Side tipper cylinders, Excavator hydraulic cylinders, and Suspension cylinders.

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