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USpace Technology Group (USpace Technology Group) Days Payable : 54.13 (As of Dec. 2023)


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What is USpace Technology Group Days Payable?

USpace Technology Group's average Accounts Payable for the six months ended in Dec. 2023 was $12.87 Mil. USpace Technology Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $43.37 Mil. Hence, USpace Technology Group's Days Payable for the six months ended in Dec. 2023 was 54.13.

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

USPCY' s Days Payable Range Over the Past 10 Years
Min: 62.41   Med: 81.4   Max: 115.78
Current: 66.65

During the past 9 years, USpace Technology Group's highest Days Payable was 115.78. The lowest was 62.41. And the median was 81.40.

USPCY's Days Payable is ranked worse than
53.69% of 298 companies
in the Aerospace & Defense industry
Industry Median: 75.38 vs USPCY: 66.65

USpace Technology Group's Days Payable declined from Dec. 2022 (62.31) to Dec. 2023 (54.13). It may suggest that USpace Technology Group accelerated paying its suppliers.

USpace Technology Group Days Payable Historical Data

The historical data trend for USpace Technology Group'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.

* Premium members only.

USpace Technology Group Days Payable Chart

USpace Technology Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only 89.09 115.49 109.37 88.73 65.97

USpace Technology Group Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 91.60 91.13 62.31 85.45 54.13

Competitive Comparison of USpace Technology Group's Days Payable

For the Aerospace & Defense subindustry, USpace Technology Group'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.

USpace Technology Group's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, USpace Technology Group's Days Payable distribution charts can be found below:

* The bar in red indicates where USpace Technology Group's Days Payable falls into.


USpace Technology Group 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.

USpace Technology Group'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
=( (14.846 + 11.926) / 2 ) / 74.059*365
=13.386 / 74.059*365
=65.97

USpace Technology Group's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

Days Payable (Q: Dec. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2023 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (13.805 + 11.926) / 2 ) / 43.373*365 / 2
=12.8655 / 43.373*365 / 2
=54.13

* 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.

USpace Technology Group Days Payable Related Terms

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USpace Technology Group (USpace Technology Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » USpace Technology Group Ltd (OTCPK:USPCY) » Definitions » Days Payable
Comparable Companies
HKSE:00439 HKSE:00232 RTX LMT BA XPAR:AIR NOC GD XPAR:SAF TDG LSE:BA. LHX XPAR:HO LSE:RR. HEI.A HWM SHSE:600760 SHSE:600150 XPAR:AM AXON
Traded in Other Exchanges
01725:Hong Kong
Address
No. 5 Chun Cheong Street, 15th Floor, Data Technology Center, Tseung Kwan O Industrial Estate, New Territories, Hong Kong, HKG
Website
https://www.hkatg.com
USpace Technology Group Ltd formerly Hong Kong Aerospace Technology Group Ltd is a commercial aerospace company. Its core business is satellite precision manufacturing, control, and aerospace data services to support regional aerospace commercialization needs. The Group has three reportable operating segments they are EMS business - Smart home devices EMS business-Banking and finance and other devices along with Aerospace business.