Sichuan Changhong Electric Co (SHSE:600839) Days Payable : 177.39 (As of Mar. 2024)

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What is Sichuan Changhong Electric Co Days Payable?

Sichuan Changhong Electric Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥41,220 Mil. Sichuan Changhong Electric Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥21,204 Mil. Hence, Sichuan Changhong Electric Co's Days Payable for the three months ended in Mar. 2024 was 177.39.

The historical rank and industry rank for Sichuan Changhong Electric Co's Days Payable or its related term are showing as below:

SHSE:600839' s Days Payable Range Over the Past 10 Years
Min: 91.56 Med: 113.1 Max: 161.73
Current: 159.74

During the past 13 years, Sichuan Changhong Electric Co's highest Days Payable was 161.73. The lowest was 91.56. And the median was 113.10.

SHSE:600839's Days Payable is ranked better than
89.22% of 408 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 66.11 vs SHSE:600839: 159.74

Sichuan Changhong Electric Co's Days Payable increased from Mar. 2023 (154.91) to Mar. 2024 (177.39). It may suggest that Sichuan Changhong Electric Co delayed paying its suppliers.

Sichuan Changhong Electric Co Days Payable Historical Data

The historical data trend for Sichuan Changhong Electric 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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Sichuan Changhong Electric Co Days Payable Chart

Sichuan Changhong Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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112.45

113.75

121.99

147.79

161.73

Sichuan Changhong Electric 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															154.91	157.58	160.47	145.49	177.39

Competitive Comparison of Sichuan Changhong Electric Co's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Sichuan Changhong Electric 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.

Sichuan Changhong Electric Co's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Sichuan Changhong Electric Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Sichuan Changhong Electric Co's Days Payable falls into.

Sichuan Changhong Electric 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.

Sichuan Changhong Electric 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
=	( (34848.49	+	41546.571)	/	2 )	/	86205.989	*	365
=	38197.5305					/	86205.989	*	365
=	161.73

Sichuan Changhong Electric 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
=	( (41546.571	+	40892.546)	/	2 )	/	21203.961	*	365 / 4
=	41219.5585					/	21203.961	*	365 / 4
=	177.39

Sichuan Changhong Electric Co Days Payable Related Terms

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Sichuan Changhong Electric Co (SHSE:600839) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Sichuan Changhong Electric Co Ltd (SHSE:600839) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 35 Mianxing East Road, Gaoxing District, Mianyang, Sichuan, CHN, 621000

Website

http://www.changhong.com

Sichuan Changhong Electric Co Ltd is a China-based manufacturer and distributor of electronics and home appliances. It specializes in Research and development, manufacturing and marketing of various series of products including TV, refrigerator, air conditioner, cell phone, electronic components, compressor.

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