Shanghai W-Ibeda High Tech Group Co (SHSE:688071) Days Payable : 180.38 (As of Mar. 2024)

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What is Shanghai W-Ibeda High Tech Group Co Days Payable?

Shanghai W-Ibeda High Tech Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥143.6 Mil. Shanghai W-Ibeda High Tech Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥72.6 Mil. Hence, Shanghai W-Ibeda High Tech Group Co's Days Payable for the three months ended in Mar. 2024 was 180.38.

The historical rank and industry rank for Shanghai W-Ibeda High Tech Group Co's Days Payable or its related term are showing as below:

SHSE:688071' s Days Payable Range Over the Past 10 Years
Min: 133.86 Med: 207.42 Max: 305.94
Current: 216.55

During the past 7 years, Shanghai W-Ibeda High Tech Group Co's highest Days Payable was 305.94. The lowest was 133.86. And the median was 207.42.

SHSE:688071's Days Payable is ranked better than
93.4% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 66.48 vs SHSE:688071: 216.55

Shanghai W-Ibeda High Tech Group Co's Days Payable increased from Mar. 2023 (171.71) to Mar. 2024 (180.38). It may suggest that Shanghai W-Ibeda High Tech Group Co delayed paying its suppliers.

Shanghai W-Ibeda High Tech Group Co Days Payable Historical Data

The historical data trend for Shanghai W-Ibeda High Tech Group 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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Shanghai W-Ibeda High Tech Group Co Days Payable Chart

Shanghai W-Ibeda High Tech Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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183.96

221.22

209.11

205.73

Shanghai W-Ibeda High Tech Group Co Quarterly Data
	Dec17	Dec18	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															171.71	304.06	272.85	174.18	180.38

Competitive Comparison of Shanghai W-Ibeda High Tech Group Co's Days Payable

For the Auto Parts subindustry, Shanghai W-Ibeda High Tech Group 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 W-Ibeda High Tech Group Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shanghai W-Ibeda High Tech Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai W-Ibeda High Tech Group Co's Days Payable falls into.

Shanghai W-Ibeda High Tech Group 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 W-Ibeda High Tech Group 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
=	( (106.502	+	130.772)	/	2 )	/	210.486	*	365
=	118.637					/	210.486	*	365
=	205.73

Shanghai W-Ibeda High Tech Group 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
=	( (130.772	+	156.424)	/	2 )	/	72.642	*	365 / 4
=	143.598					/	72.642	*	365 / 4
=	180.38

Shanghai W-Ibeda High Tech Group Co Days Payable Related Terms

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Shanghai W-Ibeda High Tech Group Co (SHSE:688071) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai W-Ibeda High Tech Group Co Ltd (SHSE:688071) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 400 Fangchun Road, Room 301-206, 3rd Floor, Building 1, Pilot Free Trade Zone, Shanghai, CHN, 201202

Website

http://www.w-ibeda.com

Shanghai W-Ibeda High Tech Group Co Ltd is engaged in the research and development, design, manufacturing, sales and provision of related testing services for intelligent test equipment for automotive powertrains.

Executives

Wang Yu	Core technical personnel
Pan Min	Director
Zhang Jie Ping	Core technical personnel
	Core technical personnel

Shanghai W-Ibeda High Tech Group Co (SHSE:688071) Headlines

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