Wuxi Dingbang Heat Exchange Equipment Co (BJSE:872931) Days Payable : 123.60 (As of Mar. 2024)

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What is Wuxi Dingbang Heat Exchange Equipment Co Days Payable?

Wuxi Dingbang Heat Exchange Equipment Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥107.6 Mil. Wuxi Dingbang Heat Exchange Equipment Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥79.5 Mil. Hence, Wuxi Dingbang Heat Exchange Equipment Co's Days Payable for the three months ended in Mar. 2024 was 123.60.

The historical rank and industry rank for Wuxi Dingbang Heat Exchange Equipment Co's Days Payable or its related term are showing as below:

BJSE:872931' s Days Payable Range Over the Past 10 Years
Min: 117.38 Med: 177.65 Max: 230.24
Current: 159.83

During the past 8 years, Wuxi Dingbang Heat Exchange Equipment Co's highest Days Payable was 230.24. The lowest was 117.38. And the median was 177.65.

BJSE:872931's Days Payable is ranked better than
79.53% of 2936 companies
in the Industrial Products industry
Industry Median: 76.395 vs BJSE:872931: 159.83

Wuxi Dingbang Heat Exchange Equipment Co's Days Payable declined from Mar. 2023 (135.25) to Mar. 2024 (123.60). It may suggest that Wuxi Dingbang Heat Exchange Equipment Co accelerated paying its suppliers.

Wuxi Dingbang Heat Exchange Equipment Co Days Payable Historical Data

The historical data trend for Wuxi Dingbang Heat Exchange Equipment 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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Wuxi Dingbang Heat Exchange Equipment Co Days Payable Chart

Wuxi Dingbang Heat Exchange Equipment Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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171.78

230.24

183.52

136.27

117.38

Wuxi Dingbang Heat Exchange Equipment Co Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															135.25	117.56	-	119.17	123.60

Competitive Comparison of Wuxi Dingbang Heat Exchange Equipment Co's Days Payable

For the Specialty Industrial Machinery subindustry, Wuxi Dingbang Heat Exchange Equipment 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.

Wuxi Dingbang Heat Exchange Equipment Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wuxi Dingbang Heat Exchange Equipment Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Wuxi Dingbang Heat Exchange Equipment Co's Days Payable falls into.

Wuxi Dingbang Heat Exchange Equipment 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.

Wuxi Dingbang Heat Exchange Equipment 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
=	( (103.167	+	118.473)	/	2 )	/	344.61	*	365
=	110.82					/	344.61	*	365
=	117.38

Wuxi Dingbang Heat Exchange Equipment 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
=	( (118.473	+	96.817)	/	2 )	/	79.469	*	365 / 4
=	107.645					/	79.469	*	365 / 4
=	123.60

Wuxi Dingbang Heat Exchange Equipment Co Days Payable Related Terms

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Wuxi Dingbang Heat Exchange Equipment Co (BJSE:872931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Dingbang Heat Exchange Equipment Co Ltd (BJSE:872931) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Houshan South Road, No. 29, Anzhen Town, Xishan District, Jiangsu Province, Wuxi City, CHN, 214104

Website

http://www.ding-bang.com.cn

Wuxi Dingbang Heat Exchange Equipment Co Ltd is engaged in research and development, design, manufacturing and sales of special heat exchange equipment for oil refining and chemical industry. Its products includes various tube heat exchangers, spiral baffle heat exchangers, air-cooled heat exchangers (air coolers), plate-bundle heat exchangers and A2 pressure vessels, as well as planetary differential start of oil extraction machines.

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