Siglent Technologies Co (SHSE:688112) Days Payable : 93.76 (As of Mar. 2024)

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What is Siglent Technologies Co Days Payable?

Siglent Technologies Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥39.4 Mil. Siglent Technologies Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥38.3 Mil. Hence, Siglent Technologies Co's Days Payable for the three months ended in Mar. 2024 was 93.76.

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

SHSE:688112' s Days Payable Range Over the Past 10 Years
Min: 72.36 Med: 94.06 Max: 105.83
Current: 82.83

During the past 7 years, Siglent Technologies Co's highest Days Payable was 105.83. The lowest was 72.36. And the median was 94.06.

SHSE:688112's Days Payable is ranked better than
60.84% of 2421 companies
in the Hardware industry
Industry Median: 67.89 vs SHSE:688112: 82.83

Siglent Technologies Co's Days Payable declined from Mar. 2023 (101.79) to Mar. 2024 (93.76). It may suggest that Siglent Technologies Co accelerated paying its suppliers.

Siglent Technologies Co Days Payable Historical Data

The historical data trend for Siglent Technologies 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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Siglent Technologies Co Days Payable Chart

Siglent Technologies Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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98.14

105.83

96.12

94.06

83.05

Siglent Technologies Co Quarterly Data
	Dec18	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															101.79	84.88	88.89	65.14	93.76

Competitive Comparison of Siglent Technologies Co's Days Payable

For the Scientific & Technical Instruments subindustry, Siglent Technologies 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.

Siglent Technologies Co's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Siglent Technologies Co's Days Payable falls into.

Siglent Technologies 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.

Siglent Technologies 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
=	( (46.15	+	38.944)	/	2 )	/	186.994	*	365
=	42.547					/	186.994	*	365
=	83.05

Siglent Technologies 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
=	( (38.944	+	39.808)	/	2 )	/	38.321	*	365 / 4
=	39.376					/	38.321	*	365 / 4
=	93.76

Siglent Technologies Co Days Payable Related Terms

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Siglent Technologies Co (SHSE:688112) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Siglent Technologies Co Ltd (SHSE:688112) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xin’an Street, Floor 3, Floor 4, Building 4, Office Building, 1-3 Floor, Block 68, Xingdong Community, Guangdong Province, Shenzhen, CHN, 518101

Website

https://int.siglent.com

Siglent Technologies Co Ltd is engaged in the development and technological innovation of general electronic test and measurement instruments.

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