Efort Intelligent Equipment Co (SHSE:688165) Days Payable : 146.49 (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Efort Intelligent Equipment Co Days Payable?

Efort Intelligent Equipment Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥446 Mil. Efort Intelligent Equipment Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥278 Mil. Hence, Efort Intelligent Equipment Co's Days Payable for the three months ended in Mar. 2024 was 146.49.

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

SHSE:688165' s Days Payable Range Over the Past 10 Years
Min: 102.53 Med: 116.44 Max: 162.43
Current: 122.97

During the past 8 years, Efort Intelligent Equipment Co's highest Days Payable was 162.43. The lowest was 102.53. And the median was 116.44.

SHSE:688165's Days Payable is ranked better than
70.71% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs SHSE:688165: 122.97

Efort Intelligent Equipment Co's Days Payable increased from Mar. 2023 (115.36) to Mar. 2024 (146.49). It may suggest that Efort Intelligent Equipment Co delayed paying its suppliers.

Efort Intelligent Equipment Co Days Payable Historical Data

The historical data trend for Efort Intelligent Equipment 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.

Efort Intelligent Equipment Co Days Payable Chart

Efort Intelligent Equipment Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

129.23

117.33

102.53

110.63

105.10

Efort Intelligent Equipment 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															115.36	103.85	128.80	138.24	146.49

Competitive Comparison of Efort Intelligent Equipment Co's Days Payable

For the Specialty Industrial Machinery subindustry, Efort Intelligent Equipment 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.

Efort Intelligent Equipment Co's Days Payable Distribution in the Industrial Products Industry

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

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

Efort Intelligent Equipment 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.

Efort Intelligent Equipment 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
=	( (430.638	+	467.682)	/	2 )	/	1559.852	*	365
=	449.16					/	1559.852	*	365
=	105.10

Efort Intelligent Equipment 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
=	( (467.682	+	425.184)	/	2 )	/	278.085	*	365 / 4
=	446.433					/	278.085	*	365 / 4
=	146.49

Efort Intelligent Equipment Co Days Payable Related Terms

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

Efort Intelligent Equipment Co (SHSE:688165) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Efort Intelligent Equipment Co Ltd (SHSE:688165) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 96 Wanchun East Road, Jiujiang Economic Development Zone, Anhui Province, Wuhu, CHN, 241000

Website

https://www.efort.com.cn

Efort Intelligent Equipment Co Ltd is engaged in production and sales of core components, complete machines and system integration of industrial robots. The company's products include EFORT Industrial Robots; and CMA Painting Robots used for palletizing; handling; polishing; welding; and spraying. Its products are used in various applications including innovative application; food industry; 3C electronics; home appliance; ceramic industry; automobile and components.

Efort Intelligent Equipment Co (SHSE:688165) Headlines

No Headlines