Shanghai Kinetic Medical Co (SZSE:300326) Days Payable : 42.04 (As of Mar. 2024)

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What is Shanghai Kinetic Medical Co Days Payable?

Shanghai Kinetic Medical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥58.4 Mil. Shanghai Kinetic Medical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥126.8 Mil. Hence, Shanghai Kinetic Medical Co's Days Payable for the three months ended in Mar. 2024 was 42.04.

The historical rank and industry rank for Shanghai Kinetic Medical Co's Days Payable or its related term are showing as below:

SZSE:300326' s Days Payable Range Over the Past 10 Years
Min: 50.45 Med: 69.49 Max: 102.18
Current: 56.38

During the past 13 years, Shanghai Kinetic Medical Co's highest Days Payable was 102.18. The lowest was 50.45. And the median was 69.49.

SZSE:300326's Days Payable is ranked worse than
62.34% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.855 vs SZSE:300326: 56.38

Shanghai Kinetic Medical Co's Days Payable declined from Mar. 2023 (62.30) to Mar. 2024 (42.04). It may suggest that Shanghai Kinetic Medical Co accelerated paying its suppliers.

Shanghai Kinetic Medical Co Days Payable Historical Data

The historical data trend for Shanghai Kinetic Medical 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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Shanghai Kinetic Medical Co Days Payable Chart

Shanghai Kinetic Medical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

79.78

102.18

79.47

90.33

65.52

Shanghai Kinetic Medical 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															62.30	70.68	73.62	46.81	42.04

Competitive Comparison of Shanghai Kinetic Medical Co's Days Payable

For the Medical Devices subindustry, Shanghai Kinetic Medical 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.

Shanghai Kinetic Medical Co's Days Payable Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Shanghai Kinetic Medical Co's Days Payable falls into.

Shanghai Kinetic Medical 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.

Shanghai Kinetic Medical 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
=	( (98.393	+	67.533)	/	2 )	/	462.192	*	365
=	82.963					/	462.192	*	365
=	65.52

Shanghai Kinetic Medical 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
=	( (67.533	+	49.27)	/	2 )	/	126.765	*	365 / 4
=	58.4015					/	126.765	*	365 / 4
=	42.04

Shanghai Kinetic Medical Co Days Payable Related Terms

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Shanghai Kinetic Medical Co (SZSE:300326) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shanghai Kinetic Medical Co Ltd (SZSE:300326) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Floor 2, Building 23, No. 528, Ruiqing Road, Zhangjiang Hi-Te, Shanghai, CHN, 201201

Website

http://www.kineticmedinc.com.cn

Shanghai Kinetic Medical Co Ltd is engaged in the manufacturing and distribution of medical devices in China. The company provides products for multidisciplinary specialties including orthopedics, cardiovascular and sports medicine. Its product offering includes primom spinal fixation system, kyphoplasty systems, vertebral osteotome, bone cement delivery systems, injection guns and multifunctional tools.

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