Naruida Technology Co (SHSE:688522) Days Payable : 622.38 (As of Mar. 2024)

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What is Naruida Technology Co Days Payable?

Naruida Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥41.1 Mil. Naruida Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥6.0 Mil. Hence, Naruida Technology Co's Days Payable for the three months ended in Mar. 2024 was 622.38.

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

SHSE:688522' s Days Payable Range Over the Past 10 Years
Min: 118.11 Med: 198.07 Max: 9401.13
Current: 202.03

During the past 6 years, Naruida Technology Co's highest Days Payable was 9401.13. The lowest was 118.11. And the median was 198.07.

SHSE:688522's Days Payable is ranked better than
86.66% of 2923 companies
in the Industrial Products industry
Industry Median: 76.74 vs SHSE:688522: 202.03

Naruida Technology Co's Days Payable increased from Mar. 2023 (207.76) to Mar. 2024 (622.38). It may suggest that Naruida Technology Co delayed paying its suppliers.

Naruida Technology Co Days Payable Historical Data

The historical data trend for Naruida Technology 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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Naruida Technology Co Days Payable Chart

Naruida Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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118.11

197.56

198.07

222.90

Naruida Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial									207.76	112.70	257.54	130.40	622.38

Competitive Comparison of Naruida Technology Co's Days Payable

For the Electrical Equipment & Parts subindustry, Naruida Technology 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.

Naruida Technology Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Naruida Technology Co's Days Payable distribution charts can be found below:

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

Naruida Technology 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.

Naruida Technology 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
=	( (18.523	+	42.996)	/	2 )	/	50.368	*	365
=	30.7595					/	50.368	*	365
=	222.90

Naruida Technology 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
=	( (42.996	+	39.288)	/	2 )	/	6.032	*	365 / 4
=	41.142					/	6.032	*	365 / 4
=	622.38

Naruida Technology Co Days Payable Related Terms

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Naruida Technology Co (SHSE:688522) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Naruida Technology Co Ltd (SHSE:688522) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 2 Gangle Road, Tangjiawan Town, Guangdong Province, Zhuhai, CHN, 519085

Website

https://www.naruida.com

Naruida Technology Co Ltd is engaged in providing full polarization active phased array radar system solutions.

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