Xuchang KETOP Testing Research Institute Co (SZSE:003008) Days Payable : 180.46 (As of Mar. 2024)

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What is Xuchang KETOP Testing Research Institute Co Days Payable?

Xuchang KETOP Testing Research Institute Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥31.5 Mil. Xuchang KETOP Testing Research Institute Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥15.9 Mil. Hence, Xuchang KETOP Testing Research Institute Co's Days Payable for the three months ended in Mar. 2024 was 180.46.

The historical rank and industry rank for Xuchang KETOP Testing Research Institute Co's Days Payable or its related term are showing as below:

SZSE:003008' s Days Payable Range Over the Past 10 Years
Min: 148.87 Med: 281.88 Max: 457.98
Current: 210.42

During the past 8 years, Xuchang KETOP Testing Research Institute Co's highest Days Payable was 457.98. The lowest was 148.87. And the median was 281.88.

SZSE:003008's Days Payable is ranked better than
88.42% of 924 companies
in the Business Services industry
Industry Median: 47.92 vs SZSE:003008: 210.42

Xuchang KETOP Testing Research Institute Co's Days Payable declined from Mar. 2023 (384.77) to Mar. 2024 (180.46). It may suggest that Xuchang KETOP Testing Research Institute Co accelerated paying its suppliers.

Xuchang KETOP Testing Research Institute Co Days Payable Historical Data

The historical data trend for Xuchang KETOP Testing Research Institute 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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Xuchang KETOP Testing Research Institute Co Days Payable Chart

Xuchang KETOP Testing Research Institute Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

362.91

148.87

229.59

343.15

260.41

Xuchang KETOP Testing Research Institute 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															384.77	257.98	224.27	183.64	180.46

Competitive Comparison of Xuchang KETOP Testing Research Institute Co's Days Payable

For the Specialty Business Services subindustry, Xuchang KETOP Testing Research Institute 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.

Xuchang KETOP Testing Research Institute Co's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Xuchang KETOP Testing Research Institute Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Xuchang KETOP Testing Research Institute Co's Days Payable falls into.

Xuchang KETOP Testing Research Institute 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.

Xuchang KETOP Testing Research Institute 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
=	( (55.035	+	36.905)	/	2 )	/	64.434	*	365
=	45.97					/	64.434	*	365
=	260.41

Xuchang KETOP Testing Research Institute 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
=	( (36.905	+	26.058)	/	2 )	/	15.919	*	365 / 4
=	31.4815					/	15.919	*	365 / 4
=	180.46

Xuchang KETOP Testing Research Institute Co Days Payable Related Terms

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Xuchang KETOP Testing Research Institute Co (SZSE:003008) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Xuchang KETOP Testing Research Institute Co Ltd (SZSE:003008) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Intersection of Weiwu Avenue and Shangde Road, Henan Province, Xuchang, CHN, 461000

Website

http://www.ketop.cn

Xuchang KETOP Testing Research Institute Co Ltd is engaged in provision of power system secondary equipment testing services, other technical services and testing equipment sales. The company provides measurement technology and test method of power system secondary protection equipment, smart micro-grid devices and Electric Vehicle Charging and Battary Swap System to provide authoritative test scheme and service, guaranteeing the quality of products in power system.

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