Wecome Intelligent Manufacturing Co (SHSE:603070) Days Payable : 167.38 (As of Mar. 2024)

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What is Wecome Intelligent Manufacturing Co Days Payable?

Wecome Intelligent Manufacturing Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥633 Mil. Wecome Intelligent Manufacturing Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥345 Mil. Hence, Wecome Intelligent Manufacturing Co's Days Payable for the three months ended in Mar. 2024 was 167.38.

The historical rank and industry rank for Wecome Intelligent Manufacturing Co's Days Payable or its related term are showing as below:

SHSE:603070' s Days Payable Range Over the Past 10 Years
Min: 86.65 Med: 97.09 Max: 125.21
Current: 125.21

During the past 6 years, Wecome Intelligent Manufacturing Co's highest Days Payable was 125.21. The lowest was 86.65. And the median was 97.09.

SHSE:603070's Days Payable is ranked better than
71.39% of 2936 companies
in the Industrial Products industry
Industry Median: 76.415 vs SHSE:603070: 125.21

Wecome Intelligent Manufacturing Co's Days Payable increased from Mar. 2023 (132.77) to Mar. 2024 (167.38). It may suggest that Wecome Intelligent Manufacturing Co delayed paying its suppliers.

Wecome Intelligent Manufacturing Co Days Payable Historical Data

The historical data trend for Wecome Intelligent Manufacturing 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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Wecome Intelligent Manufacturing Co Days Payable Chart

Wecome Intelligent Manufacturing Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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91.10

92.33

86.65

101.84

121.74

Wecome Intelligent Manufacturing Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											132.77	106.61	119.19	134.41	167.38

Competitive Comparison of Wecome Intelligent Manufacturing Co's Days Payable

For the Electrical Equipment & Parts subindustry, Wecome Intelligent Manufacturing 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.

Wecome Intelligent Manufacturing Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wecome Intelligent Manufacturing Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Wecome Intelligent Manufacturing Co's Days Payable falls into.

Wecome Intelligent Manufacturing 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.

Wecome Intelligent Manufacturing 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
=	( (466.841	+	682.495)	/	2 )	/	1722.99	*	365
=	574.668					/	1722.99	*	365
=	121.74

Wecome Intelligent Manufacturing 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
=	( (682.495	+	584.224)	/	2 )	/	345.289	*	365 / 4
=	633.3595					/	345.289	*	365 / 4
=	167.38

Wecome Intelligent Manufacturing Co Days Payable Related Terms

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Wecome Intelligent Manufacturing Co (SHSE:603070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wecome Intelligent Manufacturing Co Ltd (SHSE:603070) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Wenzhou Bridge Industrial Park, Wankong Intelligent Manufacturing Building, Beibaixiang Town, Zhejiang Province, Yueqing, CHN, 325600

Website

http://www.wecome.com.cn

Wecome Intelligent Manufacturing Co Ltd is engaged in the research and development, production and sales of distribution switch control equipment.

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