Rigol Technologies Co (SHSE:688337) Days Payable : 72.18 (As of Mar. 2024)

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What is Rigol Technologies Co Days Payable?

Rigol Technologies Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥54.0 Mil. Rigol Technologies Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥68.2 Mil. Hence, Rigol Technologies Co's Days Payable for the three months ended in Mar. 2024 was 72.18.

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

SHSE:688337' s Days Payable Range Over the Past 10 Years
Min: 79.97 Med: 89.86 Max: 114.94
Current: 83.03

During the past 6 years, Rigol Technologies Co's highest Days Payable was 114.94. The lowest was 79.97. And the median was 89.86.

SHSE:688337's Days Payable is ranked better than
61.25% of 2423 companies
in the Hardware industry
Industry Median: 68.07 vs SHSE:688337: 83.03

Rigol Technologies Co's Days Payable declined from Mar. 2023 (94.46) to Mar. 2024 (72.18). It may suggest that Rigol Technologies Co accelerated paying its suppliers.

Rigol Technologies Co Days Payable Historical Data

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

Rigol Technologies Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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100.19

94.66

79.97

80.26

85.06

Rigol Technologies Co 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												94.46	104.54	101.44	66.60	72.18

Competitive Comparison of Rigol Technologies Co's Days Payable

For the Scientific & Technical Instruments subindustry, Rigol 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.

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

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

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

Rigol 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.

Rigol 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
=	( (78.095	+	58.029)	/	2 )	/	292.05	*	365
=	68.062					/	292.05	*	365
=	85.06

Rigol 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
=	( (58.029	+	49.919)	/	2 )	/	68.237	*	365 / 4
=	53.974					/	68.237	*	365 / 4
=	72.18

Rigol Technologies Co Days Payable Related Terms

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Rigol Technologies Co (SHSE:688337) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Rigol Technologies Co Ltd (SHSE:688337) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Keling Road, High-tech Zone, Jiangsu Province, Suzhou City, CHN, 215163

Website

https://www.rigol.com

Rigol Technologies Co Ltd is engaged in the research and development, production and sales of general electronic measuring instruments.

Executives

Luo Qi Yong

Core technical personnel

Rigol Technologies Co (SHSE:688337) Headlines

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