Q Technology (Group) Co (HKSE:01478) Days Payable : 120.28 (As of Dec. 2023)

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What is Q Technology (Group) Co Days Payable?

Q Technology (Group) Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$4,854 Mil. Q Technology (Group) Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$7,365 Mil. Hence, Q Technology (Group) Co's Days Payable for the six months ended in Dec. 2023 was 120.28.

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

HKSE:01478' s Days Payable Range Over the Past 10 Years
Min: 70.07 Med: 126.82 Max: 144.25
Current: 133.09

During the past 11 years, Q Technology (Group) Co's highest Days Payable was 144.25. The lowest was 70.07. And the median was 126.82.

HKSE:01478's Days Payable is ranked better than
81.15% of 2419 companies
in the Hardware industry
Industry Median: 67.96 vs HKSE:01478: 133.09

Q Technology (Group) Co's Days Payable declined from Dec. 2022 (121.14) to Dec. 2023 (120.28). It may suggest that Q Technology (Group) Co accelerated paying its suppliers.

Q Technology (Group) Co Days Payable Historical Data

The historical data trend for Q Technology (Group) 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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Q Technology (Group) Co Days Payable Chart

Q Technology (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

128.51

125.13

116.55

141.09

144.25

Q Technology (Group) Co 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															111.92	135.48	121.14	136.72	120.28

Competitive Comparison of Q Technology (Group) Co's Days Payable

For the Electronic Components subindustry, Q Technology (Group) 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.

Q Technology (Group) Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Q Technology (Group) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Q Technology (Group) Co's Days Payable falls into.

Q Technology (Group) 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.

Q Technology (Group) 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
=	( (4675.824	+	5717.917)	/	2 )	/	13149.347	*	365
=	5196.8705					/	13149.347	*	365
=	144.25

Q Technology (Group) Co'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
=	( (3990.734	+	5717.917)	/	2 )	/	7365.182	*	365 / 2
=	4854.3255					/	7365.182	*	365 / 2
=	120.28

Q Technology (Group) Co Days Payable Related Terms

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Q Technology (Group) Co (HKSE:01478) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Q Technology (Group) Co Ltd (HKSE:01478) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Taihong Road, Hi-tech Industry Park, Jiangsu Province, Kunshan, CHN

Website

http://www.qtechglobal.com

Q Technology is engaged in the design, research and development, manufacture, and sales of camera modules and fingerprint recognition modules. It is the third-largest supplier in China and mainly supplies domestic firms. Camera modules account for most of the company's revenue and are primarily used in smartphone cameras. Other camera modules are used in drones, virtual and augmented reality headsets, and automobiles. The company also supplies 3D modules, underglass, and capacitive fingerprint recognition modules, mainly used in smartphones. It employed 7,212 employees as of June 30.

Q Technology (Group) Co (HKSE:01478) Headlines

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