Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) Days Payable : 52.79 (As of Mar. 2024)

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What is Shanghai National Center of Testing & Inspection for Electric Cable & Wire Days Payable?

Shanghai National Center of Testing & Inspection for Electric Cable & Wire's average Accounts Payable for the three months ended in Mar. 2024 was ¥15.7 Mil. Shanghai National Center of Testing & Inspection for Electric Cable & Wire's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥27.2 Mil. Hence, Shanghai National Center of Testing & Inspection for Electric Cable & Wire's Days Payable for the three months ended in Mar. 2024 was 52.79.

The historical rank and industry rank for Shanghai National Center of Testing & Inspection for Electric Cable & Wire's Days Payable or its related term are showing as below:

SZSE:301289' s Days Payable Range Over the Past 10 Years
Min: 45.71 Med: 58.98 Max: 221.94
Current: 49.47

During the past 6 years, Shanghai National Center of Testing & Inspection for Electric Cable & Wire's highest Days Payable was 221.94. The lowest was 45.71. And the median was 58.98.

SZSE:301289's Days Payable is ranked better than
50.98% of 922 companies
in the Business Services industry
Industry Median: 47.92 vs SZSE:301289: 49.47

Shanghai National Center of Testing & Inspection for Electric Cable & Wire's Days Payable declined from Mar. 2023 (58.42) to Mar. 2024 (52.79). It may suggest that Shanghai National Center of Testing & Inspection for Electric Cable & Wire accelerated paying its suppliers.

Shanghai National Center of Testing & Inspection for Electric Cable & Wire Days Payable Historical Data

The historical data trend for Shanghai National Center of Testing & Inspection for Electric Cable & Wire'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 National Center of Testing & Inspection for Electric Cable & Wire Days Payable Chart

Shanghai National Center of Testing & Inspection for Electric Cable & Wire Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

45.71

221.94

140.87

56.05

Shanghai National Center of Testing & Inspection for Electric Cable & Wire Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												58.42	50.60	48.32	43.37	52.79

Competitive Comparison of Shanghai National Center of Testing & Inspection for Electric Cable & Wire's Days Payable

For the Specialty Business Services subindustry, Shanghai National Center of Testing & Inspection for Electric Cable & Wire'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 National Center of Testing & Inspection for Electric Cable & Wire's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Shanghai National Center of Testing & Inspection for Electric Cable & Wire's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai National Center of Testing & Inspection for Electric Cable & Wire's Days Payable falls into.

Shanghai National Center of Testing & Inspection for Electric Cable & Wire 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 National Center of Testing & Inspection for Electric Cable & Wire'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
=	( (17.038	+	14.484)	/	2 )	/	102.636	*	365
=	15.761					/	102.636	*	365
=	56.05

Shanghai National Center of Testing & Inspection for Electric Cable & Wire'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
=	( (14.484	+	16.933)	/	2 )	/	27.152	*	365 / 4
=	15.7085					/	27.152	*	365 / 4
=	52.79

Shanghai National Center of Testing & Inspection for Electric Cable & Wire Days Payable Related Terms

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Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 888 Zhenchen Road, Baoshan District, Shanghai, CHN, 200444

Website

http://www.ticw.com.cn

Shanghai National Center of Testing & Inspection for Electric Cable & Wire is involved in the testing and inspection services for wire, cable and fiber optic cables. The main business scope includes testing, calibration, inspection, proficiency testing, 3C certification and production license testing, engineering application technical services, standardization services and others.

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