Shanghai STEP Electric (SZSE:002527) Days Payable : 105.44 (As of Mar. 2024)

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What is Shanghai STEP Electric Days Payable?

Shanghai STEP Electric's average Accounts Payable for the three months ended in Mar. 2024 was ¥640 Mil. Shanghai STEP Electric's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥554 Mil. Hence, Shanghai STEP Electric's Days Payable for the three months ended in Mar. 2024 was 105.44.

The historical rank and industry rank for Shanghai STEP Electric's Days Payable or its related term are showing as below:

SZSE:002527' s Days Payable Range Over the Past 10 Years
Min: 70.85 Med: 83.08 Max: 130.24
Current: 95.03

During the past 13 years, Shanghai STEP Electric's highest Days Payable was 130.24. The lowest was 70.85. And the median was 83.08.

SZSE:002527's Days Payable is ranked better than
60.75% of 2935 companies
in the Industrial Products industry
Industry Median: 76.43 vs SZSE:002527: 95.03

Shanghai STEP Electric's Days Payable increased from Mar. 2023 (93.66) to Mar. 2024 (105.44). It may suggest that Shanghai STEP Electric delayed paying its suppliers.

Shanghai STEP Electric Days Payable Historical Data

The historical data trend for Shanghai STEP Electric'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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Shanghai STEP Electric Days Payable Chart

Shanghai STEP Electric Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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80.97

79.15

85.18

121.62

98.02

Shanghai STEP Electric 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															93.66	100.42	88.82	88.84	105.44

Competitive Comparison of Shanghai STEP Electric's Days Payable

For the Specialty Industrial Machinery subindustry, Shanghai STEP Electric'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.

Shanghai STEP Electric's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai STEP Electric's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai STEP Electric's Days Payable falls into.

Shanghai STEP Electric 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.

Shanghai STEP Electric'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
=	( (813.445	+	677.459)	/	2 )	/	2775.899	*	365
=	745.452					/	2775.899	*	365
=	98.02

Shanghai STEP Electric'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
=	( (677.459	+	601.834)	/	2 )	/	553.578	*	365 / 4
=	639.6465					/	553.578	*	365 / 4
=	105.44

Shanghai STEP Electric Days Payable Related Terms

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Shanghai STEP Electric (SZSE:002527) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai STEP Electric Corp (SZSE:002527) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

NO. 1560,Siyi Road, Jiading District, Shanghai, CHN, 201802

Website

http://www.stepelevator.com

Shanghai STEP Electric Corp is a China-based company engaged in the research and development, manufacture and distribution of industrial automation control products. Its products include elevator controlling system sets, energy-saving products and industrial drives, robotics and motion control products, among others. The company distributes its products in domestic market and to overseas markets.

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