Niutech Environment Technology (SHSE:688309) Days Payable : 796.39 (As of Mar. 2024)

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What is Niutech Environment Technology Days Payable?

Niutech Environment Technology's average Accounts Payable for the three months ended in Mar. 2024 was ¥62.6 Mil. Niutech Environment Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥7.2 Mil. Hence, Niutech Environment Technology's Days Payable for the three months ended in Mar. 2024 was 796.39.

The historical rank and industry rank for Niutech Environment Technology's Days Payable or its related term are showing as below:

SHSE:688309' s Days Payable Range Over the Past 10 Years
Min: 27.16 Med: 148.45 Max: 370.44
Current: 370.44

During the past 8 years, Niutech Environment Technology's highest Days Payable was 370.44. The lowest was 27.16. And the median was 148.45.

SHSE:688309's Days Payable is ranked better than
96.83% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs SHSE:688309: 370.44

Niutech Environment Technology's Days Payable increased from Mar. 2023 (272.26) to Mar. 2024 (796.39). It may suggest that Niutech Environment Technology delayed paying its suppliers.

Niutech Environment Technology Days Payable Historical Data

The historical data trend for Niutech Environment Technology'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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Niutech Environment Technology Days Payable Chart

Niutech Environment Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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72.04

191.83

295.15

163.42

343.26

Niutech Environment Technology 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															272.26	196.72	299.18	1,484.29	796.39

Competitive Comparison of Niutech Environment Technology's Days Payable

For the Pollution & Treatment Controls subindustry, Niutech Environment Technology'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.

Niutech Environment Technology's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Niutech Environment Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Niutech Environment Technology's Days Payable falls into.

Niutech Environment Technology 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.

Niutech Environment Technology'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
=	( (60.54	+	79.319)	/	2 )	/	74.359	*	365
=	69.9295					/	74.359	*	365
=	343.26

Niutech Environment Technology'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
=	( (79.319	+	45.939)	/	2 )	/	7.176	*	365 / 4
=	62.629					/	7.176	*	365 / 4
=	796.39

Niutech Environment Technology Days Payable Related Terms

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Niutech Environment Technology (SHSE:688309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Niutech Environment Technology Corp (SHSE:688309) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 9889 Haitang Road, High-tech Zone, Shandong Province, Jinan, CHN, 250031

Website

http://www.niutech.com

Niutech Environment Technology Corp is engaged in organic waste cracking technology research and development and related equipment design, production and sales. The company specializes in high polymer waste, such as waste tyre, waste plastic, oil sludge, waste oil, biomass, hazard waste and municipal sludge Pyrolysis technology and equipment manufacturing and product sales.

Niutech Environment Technology (SHSE:688309) Headlines

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