Truking Technology (SZSE:300358) Days Payable : 195.62 (As of Mar. 2024)

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What is Truking Technology Days Payable?

Truking Technology's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,147 Mil. Truking Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,002 Mil. Hence, Truking Technology's Days Payable for the three months ended in Mar. 2024 was 195.62.

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

SZSE:300358' s Days Payable Range Over the Past 10 Years
Min: 124.87 Med: 169.74 Max: 282.23
Current: 159.89

During the past 13 years, Truking Technology's highest Days Payable was 282.23. The lowest was 124.87. And the median was 169.74.

SZSE:300358's Days Payable is ranked better than
78.45% of 789 companies
in the Medical Devices & Instruments industry
Industry Median: 72.55 vs SZSE:300358: 159.89

Truking Technology's Days Payable increased from Mar. 2023 (161.70) to Mar. 2024 (195.62). It may suggest that Truking Technology delayed paying its suppliers.

Truking Technology Days Payable Historical Data

The historical data trend for Truking 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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Truking Technology Days Payable Chart

Truking Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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124.87

147.87

171.77

167.70

160.50

Truking 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															161.70	140.63	143.88	178.10	195.62

Competitive Comparison of Truking Technology's Days Payable

For the Medical Instruments & Supplies subindustry, Truking 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.

Truking Technology's Days Payable Distribution in the Medical Devices & Instruments Industry

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

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

Truking 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.

Truking 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
=	( (1842.192	+	2248.788)	/	2 )	/	4651.745	*	365
=	2045.49					/	4651.745	*	365
=	160.50

Truking 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
=	( (2248.788	+	2045.505)	/	2 )	/	1001.589	*	365 / 4
=	2147.1465					/	1001.589	*	365 / 4
=	195.62

Truking Technology Days Payable Related Terms

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Truking Technology (SZSE:300358) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Truking Technology Ltd (SZSE:300358) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 1 Xinkang Road, Ningxiang, Yutan Town, Hunan Province, Changsha, CHN, 410600

Website

http://www.truking.com

Truking Technology Ltd operates in the pharmaceutical and medical equipment industry. It develops, designs, manufactures, sells and provides services for aqueous pharmaceutical equipment. The company offers solutions for Fluid Processing System, Ampoule Injectable Products Production, Vial Injectable Products Production, Plastic Bottle Blow-Fill-Seal Production, Cartridge Production, and others. It sells its products in China, and also exports it to the other countries.

Executives

Ceng Fan Yun	Directors, executives
Yang Wen Lu	Director
Tang Yue	Director
Zhou Fei Yue	Directors, Directors, and Executives
Zheng Qi Ping	Executives
Ceng He Qing	Executives
Qiu Yong Mou	Supervisors
Li Gang	Executives
Zhou Jing Ying	Executives
Liu Gui Lin	Supervisors

Truking Technology (SZSE:300358) Headlines

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