Shenzhen Coship Electronics Co (SZSE:002052) Days Payable : 82.31 (As of Mar. 2024)

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What is Shenzhen Coship Electronics Co Days Payable?

Shenzhen Coship Electronics Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥40.2 Mil. Shenzhen Coship Electronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥44.6 Mil. Hence, Shenzhen Coship Electronics Co's Days Payable for the three months ended in Mar. 2024 was 82.31.

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

SZSE:002052' s Days Payable Range Over the Past 10 Years
Min: 50.87 Med: 149.01 Max: 303.76
Current: 68.62

During the past 13 years, Shenzhen Coship Electronics Co's highest Days Payable was 303.76. The lowest was 50.87. And the median was 149.01.

SZSE:002052's Days Payable is ranked better than
50.54% of 2422 companies
in the Hardware industry
Industry Median: 67.8 vs SZSE:002052: 68.62

Shenzhen Coship Electronics Co's Days Payable increased from Mar. 2023 (28.25) to Mar. 2024 (82.31). It may suggest that Shenzhen Coship Electronics Co delayed paying its suppliers.

Shenzhen Coship Electronics Co Days Payable Historical Data

The historical data trend for Shenzhen Coship Electronics 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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Shenzhen Coship Electronics Co Days Payable Chart

Shenzhen Coship Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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113.81

186.48

161.53

52.03

50.87

Shenzhen Coship Electronics 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															28.25	48.16	65.28	90.17	82.31

Competitive Comparison of Shenzhen Coship Electronics Co's Days Payable

For the Communication Equipment subindustry, Shenzhen Coship Electronics 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.

Shenzhen Coship Electronics Co's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Shenzhen Coship Electronics Co's Days Payable falls into.

Shenzhen Coship Electronics 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.

Shenzhen Coship Electronics 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
=	( (31.855	+	36.397)	/	2 )	/	244.845	*	365
=	34.126					/	244.845	*	365
=	50.87

Shenzhen Coship Electronics 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
=	( (36.397	+	44.096)	/	2 )	/	44.618	*	365 / 4
=	40.2465					/	44.618	*	365 / 4
=	82.31

Shenzhen Coship Electronics Co Days Payable Related Terms

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Shenzhen Coship Electronics Co (SZSE:002052) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Coship Electronics Co Ltd (SZSE:002052) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

6th Floor, Rainbow Technology Building, North District, High-tech Park, Nanshan District, Guangdong, Shenzhen, CHN, 518057

Website

http://www.coship.com

Shenzhen Coship Electronics Co Ltd is a China-based company focused on providing smart home products and services. It offers terminal products, front-end products, network products, intelligent integrated products, software and hardware solutions and smart home products. The product portfolio covers satellite and cable digital TV receivers, professional head-end IRD, IP Set-Top Box, cable modems, televisions, GPS products, security products, LED displays and other products. The company offers its products in China and other international countries.

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