Ningbo Orient Wires & Cables Co (SHSE:603606) Days Payable : 195.29 (As of Mar. 2024)

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What is Ningbo Orient Wires & Cables Co Days Payable?

Ningbo Orient Wires & Cables Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,181 Mil. Ningbo Orient Wires & Cables Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,019 Mil. Hence, Ningbo Orient Wires & Cables Co's Days Payable for the three months ended in Mar. 2024 was 195.29.

The historical rank and industry rank for Ningbo Orient Wires & Cables Co's Days Payable or its related term are showing as below:

SHSE:603606' s Days Payable Range Over the Past 10 Years
Min: 45.66 Med: 99.01 Max: 141.1
Current: 139.11

During the past 13 years, Ningbo Orient Wires & Cables Co's highest Days Payable was 141.10. The lowest was 45.66. And the median was 99.01.

SHSE:603606's Days Payable is ranked better than
75.03% of 2936 companies
in the Industrial Products industry
Industry Median: 76.395 vs SHSE:603606: 139.11

Ningbo Orient Wires & Cables Co's Days Payable increased from Mar. 2023 (161.15) to Mar. 2024 (195.29). It may suggest that Ningbo Orient Wires & Cables Co delayed paying its suppliers.

Ningbo Orient Wires & Cables Co Days Payable Historical Data

The historical data trend for Ningbo Orient Wires & Cables 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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Ningbo Orient Wires & Cables Co Days Payable Chart

Ningbo Orient Wires & Cables Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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84.15

99.12

86.62

117.60

130.83

Ningbo Orient Wires & Cables 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															161.15	110.59	148.22	131.45	195.29

Competitive Comparison of Ningbo Orient Wires & Cables Co's Days Payable

For the Electrical Equipment & Parts subindustry, Ningbo Orient Wires & Cables 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.

Ningbo Orient Wires & Cables Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ningbo Orient Wires & Cables Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ningbo Orient Wires & Cables Co's Days Payable falls into.

Ningbo Orient Wires & Cables 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.

Ningbo Orient Wires & Cables 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
=	( (1670.517	+	2248.881)	/	2 )	/	5467.184	*	365
=	1959.699					/	5467.184	*	365
=	130.83

Ningbo Orient Wires & Cables 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
=	( (2248.881	+	2113.443)	/	2 )	/	1019.142	*	365 / 4
=	2181.162					/	1019.142	*	365 / 4
=	195.29

Ningbo Orient Wires & Cables Co Days Payable Related Terms

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Ningbo Orient Wires & Cables Co (SHSE:603606) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Orient Wires & Cables Co Ltd (SHSE:603606) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

968 East JiangNan Road, Beilun District, Zhejiang, Ningbo, CHN

Website

http://www.orient-cables.com

Ningbo Orient Wires & Cables Co Ltd is a China-based fiber optic cable manufacturing company. The company is a provider in design, manufacture, install, and service of land cables and subsea cables. Its products are mainly used by the energy companies and subsea service providers. Its subsea cables products include AC subsea power cables, DC subsea power cables, Subsea Equipment Umbilical, Subsea dynamic cables used in a submarine. Its power cable offerings include D.C Power Cable, LV Power Cable(1kV), MV Power Cable(6-35kV), HV Power Cable(110kV), among others.

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