Wuxi Best Precision Machinery Co (SZSE:300580) Days Payable : 140.32 (As of Mar. 2024)

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What is Wuxi Best Precision Machinery Co Days Payable?

Wuxi Best Precision Machinery Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥340 Mil. Wuxi Best Precision Machinery Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥221 Mil. Hence, Wuxi Best Precision Machinery Co's Days Payable for the three months ended in Mar. 2024 was 140.32.

The historical rank and industry rank for Wuxi Best Precision Machinery Co's Days Payable or its related term are showing as below:

SZSE:300580' s Days Payable Range Over the Past 10 Years
Min: 142 Med: 160.69 Max: 199.1
Current: 148.35

During the past 13 years, Wuxi Best Precision Machinery Co's highest Days Payable was 199.10. The lowest was 142.00. And the median was 160.69.

SZSE:300580's Days Payable is ranked better than
77.11% of 2923 companies
in the Industrial Products industry
Industry Median: 76.67 vs SZSE:300580: 148.35

Wuxi Best Precision Machinery Co's Days Payable declined from Mar. 2023 (173.20) to Mar. 2024 (140.32). It may suggest that Wuxi Best Precision Machinery Co accelerated paying its suppliers.

Wuxi Best Precision Machinery Co Days Payable Historical Data

The historical data trend for Wuxi Best Precision Machinery 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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Wuxi Best Precision Machinery Co Days Payable Chart

Wuxi Best Precision Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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159.96

142.55

153.42

192.15

161.41

Wuxi Best Precision Machinery 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															173.20	172.11	140.77	143.56	140.32

Competitive Comparison of Wuxi Best Precision Machinery Co's Days Payable

For the Specialty Industrial Machinery subindustry, Wuxi Best Precision Machinery 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.

Wuxi Best Precision Machinery Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wuxi Best Precision Machinery Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Wuxi Best Precision Machinery Co's Days Payable falls into.

Wuxi Best Precision Machinery 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.

Wuxi Best Precision Machinery 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
=	( (420.771	+	357.87)	/	2 )	/	880.401	*	365
=	389.3205					/	880.401	*	365
=	161.41

Wuxi Best Precision Machinery 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
=	( (357.87	+	323.129)	/	2 )	/	221.428	*	365 / 4
=	340.4995					/	221.428	*	365 / 4
=	140.32

Wuxi Best Precision Machinery Co Days Payable Related Terms

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Wuxi Best Precision Machinery Co (SZSE:300580) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Best Precision Machinery Co Ltd (SZSE:300580) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

801-2702, Hongqiao Road, Jiangsu Province, Wuxi, CHN, 214063

Website

http://www.wuxibest.com

Wuxi Best Precision Machinery Co Ltd is a China based company engaged in the business of production of precision parts and components for automotive, telecom, air conditioning and tool industries.

Executives

Shi Li

Director

Wuxi Best Precision Machinery Co (SZSE:300580) Headlines

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