Shanxi Changcheng Microlight Equipment Co (HKSE:08286) Days Payable : 0.00 (As of Dec. 2023)

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What is Shanxi Changcheng Microlight Equipment Co Days Payable?

Shanxi Changcheng Microlight Equipment Co's average Accounts Payable for the three months ended in Dec. 2023 was HK$9.52 Mil. Shanxi Changcheng Microlight Equipment Co's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$-4.04 Mil.

The historical rank and industry rank for Shanxi Changcheng Microlight Equipment Co's Days Payable or its related term are showing as below:

HKSE:08286' s Days Payable Range Over the Past 10 Years
Min: 79.13 Med: 219.81 Max: 364.77
Current: 231.89

During the past 13 years, Shanxi Changcheng Microlight Equipment Co's highest Days Payable was 364.77. The lowest was 79.13. And the median was 219.81.

HKSE:08286's Days Payable is ranked better than
92.36% of 2423 companies
in the Hardware industry
Industry Median: 67.77 vs HKSE:08286: 231.89

Shanxi Changcheng Microlight Equipment Co's Days Payable declined from Dec. 2022 (68.98) to Dec. 2023 (0.00). It may suggest that Shanxi Changcheng Microlight Equipment Co accelerated paying its suppliers.

Shanxi Changcheng Microlight Equipment Co Days Payable Historical Data

The historical data trend for Shanxi Changcheng Microlight Equipment 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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Shanxi Changcheng Microlight Equipment Co Days Payable Chart

Shanxi Changcheng Microlight Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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161.30

364.77

209.22

352.82

228.46

Shanxi Changcheng Microlight Equipment Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															68.98	139.32	129.71	164.61	-

Competitive Comparison of Shanxi Changcheng Microlight Equipment Co's Days Payable

For the Communication Equipment subindustry, Shanxi Changcheng Microlight Equipment 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.

Shanxi Changcheng Microlight Equipment Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shanxi Changcheng Microlight Equipment Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanxi Changcheng Microlight Equipment Co's Days Payable falls into.

Shanxi Changcheng Microlight Equipment 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.

Shanxi Changcheng Microlight Equipment 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
=	( (10.101	+	9.524)	/	2 )	/	15.677	*	365
=	9.8125					/	15.677	*	365
=	228.46

Shanxi Changcheng Microlight Equipment Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	9.524)	/	1 )	/	-4.042	*	365 / 4
=	9.524					/	-4.042	*	365 / 4
=	N/A

Shanxi Changcheng Microlight Equipment Co Days Payable Related Terms

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Shanxi Changcheng Microlight Equipment Co (HKSE:08286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shanxi Changcheng Microlight Equipment Co Ltd (HKSE:08286) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7 Dianzi Street, Demonstration Zone, Shanxi Province, Taiyuan, CHN

Website

http://www.sxccoe.com

Shanxi Changcheng Microlight Equipment Co Ltd is a China-based company engaged in the design, research, development, manufacture, and sale of image transmission fiber optic products. Image transmission fiber optics products manufactured by the company are image transmission devices containing a rigidly bundle of optical fibers arranged in an ordered fashion so that images can be transmitted from one end of the optical fiber bundle and displayed on the other end of the bundle. The company produces five main products, including fiber optic inverters, fiber optic straight plates, fiber optic face plates, fiber optic tapers and microchannel plates.

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