Colorlight Cloud Tech (SZSE:301391) Days Payable : 512.11 (As of Mar. 2024)

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What is Colorlight Cloud Tech Days Payable?

Colorlight Cloud Tech's average Accounts Payable for the three months ended in Mar. 2024 was ¥421 Mil. Colorlight Cloud Tech's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥75 Mil. Hence, Colorlight Cloud Tech's Days Payable for the three months ended in Mar. 2024 was 512.11.

The historical rank and industry rank for Colorlight Cloud Tech's Days Payable or its related term are showing as below:

SZSE:301391' s Days Payable Range Over the Past 10 Years
Min: 101.1 Med: 225.81 Max: 257.48
Current: 247.04

During the past 6 years, Colorlight Cloud Tech's highest Days Payable was 257.48. The lowest was 101.10. And the median was 225.81.

SZSE:301391's Days Payable is ranked better than
93.56% of 2423 companies
in the Hardware industry
Industry Median: 68.07 vs SZSE:301391: 247.04

Colorlight Cloud Tech's Days Payable increased from Mar. 2023 (379.00) to Mar. 2024 (512.11). It may suggest that Colorlight Cloud Tech delayed paying its suppliers.

Colorlight Cloud Tech Days Payable Historical Data

The historical data trend for Colorlight Cloud Tech'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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Colorlight Cloud Tech Days Payable Chart

Colorlight Cloud Tech Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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125.20

222.58

229.04

251.89

257.48

Colorlight Cloud Tech Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial										379.00	217.43	293.91	160.30	512.11

Competitive Comparison of Colorlight Cloud Tech's Days Payable

For the Communication Equipment subindustry, Colorlight Cloud Tech'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.

Colorlight Cloud Tech's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Colorlight Cloud Tech's Days Payable distribution charts can be found below:

* The bar in red indicates where Colorlight Cloud Tech's Days Payable falls into.

Colorlight Cloud Tech 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.

Colorlight Cloud Tech'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
=	( (317.45	+	429.675)	/	2 )	/	529.565	*	365
=	373.5625					/	529.565	*	365
=	257.48

Colorlight Cloud Tech'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
=	( (429.675	+	412.693)	/	2 )	/	75.049	*	365 / 4
=	421.184					/	75.049	*	365 / 4
=	512.11

Colorlight Cloud Tech Days Payable Related Terms

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Colorlight Cloud Tech (SZSE:301391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Colorlight Cloud Tech Ltd (SZSE:301391) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Shenzhen International Innovation Valley, 37F-39F,Building 8, Zone A, Dashi Yilu, Nanshan District, Vanke Cloud, Shenzhen, CHN, 518055

Website

https://www.lednets.com

Colorlight Cloud Tech Ltd is engaged in the video processing algorithm as the core and hardware equipment as the carrier, it provides customers with professional display control products in the field of video images.

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