Nanjing CIGU Technology (SHSE:688448) Days Payable : 846.52 (As of Mar. 2024)

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What is Nanjing CIGU Technology Days Payable?

Nanjing CIGU Technology's average Accounts Payable for the three months ended in Mar. 2024 was ¥269.7 Mil. Nanjing CIGU Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥29.1 Mil. Hence, Nanjing CIGU Technology's Days Payable for the three months ended in Mar. 2024 was 846.52.

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

SHSE:688448' s Days Payable Range Over the Past 10 Years
Min: 223.62 Med: 254.52 Max: 317.84
Current: 307.33

During the past 6 years, Nanjing CIGU Technology's highest Days Payable was 317.84. The lowest was 223.62. And the median was 254.52.

SHSE:688448's Days Payable is ranked better than
95.27% of 2936 companies
in the Industrial Products industry
Industry Median: 76.705 vs SHSE:688448: 307.33

Nanjing CIGU Technology's Days Payable increased from Mar. 2023 (791.27) to Mar. 2024 (846.52). It may suggest that Nanjing CIGU Technology delayed paying its suppliers.

Nanjing CIGU Technology Days Payable Historical Data

The historical data trend for Nanjing CIGU 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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Nanjing CIGU Technology Days Payable Chart

Nanjing CIGU Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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250.53

256.54

223.62

270.42

317.84

Nanjing CIGU Technology Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											791.27	326.16	312.56	184.19	846.52

Competitive Comparison of Nanjing CIGU Technology's Days Payable

For the Specialty Industrial Machinery subindustry, Nanjing CIGU 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.

Nanjing CIGU Technology's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Nanjing CIGU Technology's Days Payable falls into.

Nanjing CIGU 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.

Nanjing CIGU 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
=	( (195.066	+	280.893)	/	2 )	/	273.292	*	365
=	237.9795					/	273.292	*	365
=	317.84

Nanjing CIGU 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
=	( (280.893	+	258.508)	/	2 )	/	29.072	*	365 / 4
=	269.7005					/	29.072	*	365 / 4
=	846.52

Nanjing CIGU Technology Days Payable Related Terms

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Nanjing CIGU Technology (SHSE:688448) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nanjing CIGU Technology Corp Ltd (SHSE:688448) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 99, Jinxin Middle Road, Jiangsu Province (Jiangning Development Zone), iangning District, Nanjing, CHN, 211000

Website

http://www.cigu.com.cn

Nanjing CIGU Technology Corp Ltd is engaged in the research and development, production and sales of magnetic levitation fluid machinery and magnetic levitation bearings, high-speed motors, high-speed drives and other core components.

Nanjing CIGU Technology (SHSE:688448) Headlines

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