Qingdao Haier Biomedical Co (SHSE:688139) Days Payable : 117.06 (As of Mar. 2024)

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What is Qingdao Haier Biomedical Co Days Payable?

Qingdao Haier Biomedical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥444 Mil. Qingdao Haier Biomedical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥346 Mil. Hence, Qingdao Haier Biomedical Co's Days Payable for the three months ended in Mar. 2024 was 117.06.

The historical rank and industry rank for Qingdao Haier Biomedical Co's Days Payable or its related term are showing as below:

SHSE:688139' s Days Payable Range Over the Past 10 Years
Min: 112.66 Med: 178.76 Max: 246.19
Current: 144.87

During the past 8 years, Qingdao Haier Biomedical Co's highest Days Payable was 246.19. The lowest was 112.66. And the median was 178.76.

SHSE:688139's Days Payable is ranked better than
75.95% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.855 vs SHSE:688139: 144.87

Qingdao Haier Biomedical Co's Days Payable declined from Mar. 2023 (133.04) to Mar. 2024 (117.06). It may suggest that Qingdao Haier Biomedical Co accelerated paying its suppliers.

Qingdao Haier Biomedical Co Days Payable Historical Data

The historical data trend for Qingdao Haier Biomedical 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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Qingdao Haier Biomedical Co Days Payable Chart

Qingdao Haier Biomedical Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

246.19

186.12

151.47

112.66

141.99

Qingdao Haier Biomedical 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															133.04	154.58	139.95	163.08	117.06

Competitive Comparison of Qingdao Haier Biomedical Co's Days Payable

For the Medical Devices subindustry, Qingdao Haier Biomedical 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.

Qingdao Haier Biomedical Co's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Qingdao Haier Biomedical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Qingdao Haier Biomedical Co's Days Payable falls into.

Qingdao Haier Biomedical 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.

Qingdao Haier Biomedical 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
=	( (485.062	+	390.976)	/	2 )	/	1125.978	*	365
=	438.019					/	1125.978	*	365
=	141.99

Qingdao Haier Biomedical 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
=	( (390.976	+	497.253)	/	2 )	/	346.205	*	365 / 4
=	444.1145					/	346.205	*	365 / 4
=	117.06

Qingdao Haier Biomedical Co Days Payable Related Terms

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Qingdao Haier Biomedical Co (SHSE:688139) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Qingdao Haier Biomedical Co Ltd (SHSE:688139) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1 Haier Road, Branding Building, Qingdao, CHN, 266101

Website

http://www.haiermedical.com

Qingdao Haier Biomedical Co Ltd is engaged in designing, manufacturing, marketing and sales of low temperature storage equipment for biomedical samples. The company provides provides complete storage solutions for biological sample banks, blood safety, vaccine safety, medical supplies and reagent safety.

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