Fiyta Precision Technology Co (SZSE:000026) Days Payable : 20.16 (As of Mar. 2024)

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What is Fiyta Precision Technology Co Days Payable?

Fiyta Precision Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥150 Mil. Fiyta Precision Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥678 Mil. Hence, Fiyta Precision Technology Co's Days Payable for the three months ended in Mar. 2024 was 20.16.

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

SZSE:000026' s Days Payable Range Over the Past 10 Years
Min: 20.62 Med: 35.53 Max: 47.89
Current: 20.62

During the past 13 years, Fiyta Precision Technology Co's highest Days Payable was 47.89. The lowest was 20.62. And the median was 35.53.

SZSE:000026's Days Payable is ranked worse than
84.62% of 1079 companies
in the Retail - Cyclical industry
Industry Median: 56.41 vs SZSE:000026: 20.62

Fiyta Precision Technology Co's Days Payable increased from Mar. 2023 (17.75) to Mar. 2024 (20.16). It may suggest that Fiyta Precision Technology Co delayed paying its suppliers.

Fiyta Precision Technology Co Days Payable Historical Data

The historical data trend for Fiyta Precision 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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Fiyta Precision Technology Co Days Payable Chart

Fiyta Precision Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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44.42

40.42

31.07

28.46

21.76

Fiyta Precision Technology 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															17.75	19.46	22.66	24.73	20.16

Competitive Comparison of Fiyta Precision Technology Co's Days Payable

For the Luxury Goods subindustry, Fiyta Precision 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.

Fiyta Precision Technology Co's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Fiyta Precision Technology Co's Days Payable distribution charts can be found below:

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

Fiyta Precision 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.

Fiyta Precision 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
=	( (172.59	+	173.826)	/	2 )	/	2905.463	*	365
=	173.208					/	2905.463	*	365
=	21.76

Fiyta Precision 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
=	( (173.826	+	125.762)	/	2 )	/	678.091	*	365 / 4
=	149.794					/	678.091	*	365 / 4
=	20.16

Fiyta Precision Technology Co Days Payable Related Terms

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Fiyta Precision Technology Co (SZSE:000026) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fiyta Precision Technology Co Ltd (SZSE:000026) » Definitions » Days Payable

Traded in Other Exchanges

200026:China

Address

Gaoxin South 1st Road, 20th Floor, FIYTA Hi-tech Building, Nanshan District, Shenzhen, CHN, 518057

Website

http://www.fiytagroup.com

Fiyta Precision Technology Co Ltd is a retailer of watches. Its activities include research, development, design, manufacturing, and retail for its self-own watch brands, and the retail business for watches. The sale of watches generates maximum revenue for the company. It also focuses on Precision Technology Business and Smart Wearable Business.

Fiyta Precision Technology Co (SZSE:000026) Headlines

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