China Display Optoelectronics Technology Holdings (FRA:PJJ1) Days Payable : 153.14 (As of Dec. 2023)

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What is China Display Optoelectronics Technology Holdings Days Payable?

China Display Optoelectronics Technology Holdings's average Accounts Payable for the six months ended in Dec. 2023 was €136.1 Mil. China Display Optoelectronics Technology Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was €162.2 Mil. Hence, China Display Optoelectronics Technology Holdings's Days Payable for the six months ended in Dec. 2023 was 153.14.

The historical rank and industry rank for China Display Optoelectronics Technology Holdings's Days Payable or its related term are showing as below:

FRA:PJJ1' s Days Payable Range Over the Past 10 Years
Min: 96.44 Med: 122.04 Max: 162.92
Current: 162.57

During the past 13 years, China Display Optoelectronics Technology Holdings's highest Days Payable was 162.92. The lowest was 96.44. And the median was 122.04.

FRA:PJJ1's Days Payable is ranked better than
86.32% of 2419 companies
in the Hardware industry
Industry Median: 67.83 vs FRA:PJJ1: 162.57

China Display Optoelectronics Technology Holdings's Days Payable declined from Dec. 2022 (164.68) to Dec. 2023 (153.14). It may suggest that China Display Optoelectronics Technology Holdings accelerated paying its suppliers.

China Display Optoelectronics Technology Holdings Days Payable Historical Data

The historical data trend for China Display Optoelectronics Technology Holdings'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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China Display Optoelectronics Technology Holdings Days Payable Chart

China Display Optoelectronics Technology Holdings Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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107.71

123.28

93.42

122.27

165.64

China Display Optoelectronics Technology Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															95.86	98.96	164.68	175.47	153.14

Competitive Comparison of China Display Optoelectronics Technology Holdings's Days Payable

For the Electronic Components subindustry, China Display Optoelectronics Technology Holdings'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.

China Display Optoelectronics Technology Holdings's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, China Display Optoelectronics Technology Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where China Display Optoelectronics Technology Holdings's Days Payable falls into.

China Display Optoelectronics Technology Holdings 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.

China Display Optoelectronics Technology Holdings'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
=	( (145.24	+	134.835)	/	2 )	/	308.58	*	365
=	140.0375					/	308.58	*	365
=	165.64

China Display Optoelectronics Technology Holdings'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
=	( (137.319	+	134.835)	/	2 )	/	162.162	*	365 / 2
=	136.077					/	162.162	*	365 / 2
=	153.14

China Display Optoelectronics Technology Holdings Days Payable Related Terms

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China Display Optoelectronics Technology Holdings (FRA:PJJ1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » China Display Optoelectronics Technology Holdings Ltd (FRA:PJJ1) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

00334:Hong Kong

Address

No.23, ZhongKai High-Tech District, Guangdong Province, HuiZhou, CHN, 516006

Website

http://www.cdoth8.com

China Display Optoelectronics Technology Holdings Ltd is an investment holding company. It operates in a single segment, display product, which manufactures and sells LCD module products. It focuses on thin-film transistor-liquid crystal display (TFT-LCD), the capacitive touch panel (CTP) display development, production, and sales of modules, and provides a range of products LCD module technology, and manufacturing support services. The company's geographical segments are Mainland China, Hong Kong, and Thailand, of which the majority of its revenues come from Hong Kong.

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