Shanghai Microport Endovascular Medtech Co (SHSE:688016) Days Payable : 45.06 (As of Mar. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Shanghai Microport Endovascular Medtech Co Days Payable?

Shanghai Microport Endovascular Medtech Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥42 Mil. Shanghai Microport Endovascular Medtech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥84 Mil. Hence, Shanghai Microport Endovascular Medtech Co's Days Payable for the three months ended in Mar. 2024 was 45.06.

The historical rank and industry rank for Shanghai Microport Endovascular Medtech Co's Days Payable or its related term are showing as below:

SHSE:688016' s Days Payable Range Over the Past 10 Years
Min: 42.24 Med: 51.47 Max: 56.34
Current: 56.34

During the past 8 years, Shanghai Microport Endovascular Medtech Co's highest Days Payable was 56.34. The lowest was 42.24. And the median was 51.47.

SHSE:688016's Days Payable is ranked worse than
62.47% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 73.005 vs SHSE:688016: 56.34

Shanghai Microport Endovascular Medtech Co's Days Payable declined from Mar. 2023 (60.00) to Mar. 2024 (45.06). It may suggest that Shanghai Microport Endovascular Medtech Co accelerated paying its suppliers.

Shanghai Microport Endovascular Medtech Co Days Payable Historical Data

The historical data trend for Shanghai Microport Endovascular Medtech 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.

* Premium members only.

Shanghai Microport Endovascular Medtech Co Days Payable Chart

Shanghai Microport Endovascular Medtech Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

42.24

51.18

51.76

54.89

53.87

Shanghai Microport Endovascular Medtech 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															60.00	60.21	68.64	54.35	45.06

Competitive Comparison of Shanghai Microport Endovascular Medtech Co's Days Payable

For the Medical Devices subindustry, Shanghai Microport Endovascular Medtech 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.

Shanghai Microport Endovascular Medtech Co's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Shanghai Microport Endovascular Medtech Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai Microport Endovascular Medtech Co's Days Payable falls into.

Shanghai Microport Endovascular Medtech 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.

Shanghai Microport Endovascular Medtech 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
=	( (42.13	+	40.397)	/	2 )	/	279.578	*	365
=	41.2635					/	279.578	*	365
=	53.87

Shanghai Microport Endovascular Medtech 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
=	( (40.397	+	42.656)	/	2 )	/	84.093	*	365 / 4
=	41.5265					/	84.093	*	365 / 4
=	45.06

Shanghai Microport Endovascular Medtech Co Days Payable Related Terms

Thank you for viewing the detailed overview of Shanghai Microport Endovascular Medtech Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai Microport Endovascular Medtech Co (SHSE:688016) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shanghai Microport Endovascular Medtech Co Ltd (SHSE:688016) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Lane 3399, Kangxin Road, Pudong New Area, Shanghai, CHN, 201318

Website

http://www.endovastec.com

Shanghai Microport Endovascular Medtech Co Ltd is primarily engaged in the development, production and sales of medical devices for aortic and peripheral vascular interventions.

Shanghai Microport Endovascular Medtech Co (SHSE:688016) Headlines

No Headlines