Founder Technology Group Co (SHSE:600601) Days Payable : 151.61 (As of Mar. 2024)

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What is Founder Technology Group Co Days Payable?

Founder Technology Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,033 Mil. Founder Technology Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥622 Mil. Hence, Founder Technology Group Co's Days Payable for the three months ended in Mar. 2024 was 151.61.

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

SHSE:600601' s Days Payable Range Over the Past 10 Years
Min: 114.13 Med: 167.58 Max: 203.2
Current: 130.75

During the past 13 years, Founder Technology Group Co's highest Days Payable was 203.20. The lowest was 114.13. And the median was 167.58.

SHSE:600601's Days Payable is ranked better than
80.75% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs SHSE:600601: 130.75

Founder Technology Group Co's Days Payable increased from Mar. 2023 (142.36) to Mar. 2024 (151.61). It may suggest that Founder Technology Group Co delayed paying its suppliers.

Founder Technology Group Co Days Payable Historical Data

The historical data trend for Founder Technology Group 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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Founder Technology Group Co Days Payable Chart

Founder Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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181.21

191.77

203.20

158.59

142.51

Founder Technology Group 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															142.36	121.09	124.11	127.97	151.61

Competitive Comparison of Founder Technology Group Co's Days Payable

For the Computer Hardware subindustry, Founder Technology Group 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.

Founder Technology Group Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Founder Technology Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Founder Technology Group Co's Days Payable falls into.

Founder Technology Group 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.

Founder Technology Group 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
=	( (978.025	+	1031.391)	/	2 )	/	2573.281	*	365
=	1004.708					/	2573.281	*	365
=	142.51

Founder Technology Group 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
=	( (1031.391	+	1034.337)	/	2 )	/	621.653	*	365 / 4
=	1032.864					/	621.653	*	365 / 4
=	151.61

Founder Technology Group Co Days Payable Related Terms

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Founder Technology Group Co (SHSE:600601) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Founder Technology Group Co Ltd (SHSE:600601) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 360 Pudong South Road, New Shanghai International Tower, 36F, Pudong, Shanghai, CHN, 200120

Website

http://www.foundertech.com

Founder Technology Group Co Ltd provides hardware and software solutions in China. It engages in the development, production, manufacture, and sale of PCB products for the communications equipment, communications terminals, IT products, industrial medical, automotive electronics, consumer electronics, and other fields.

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