Sunny Optical Technology (Group) Co (HKSE:02382) Days Payable : 191.92 (As of Dec. 2023)

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What is Sunny Optical Technology (Group) Co Days Payable?

Sunny Optical Technology (Group) Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$17,188 Mil. Sunny Optical Technology (Group) Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$16,344 Mil. Hence, Sunny Optical Technology (Group) Co's Days Payable for the six months ended in Dec. 2023 was 191.92.

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

HKSE:02382' s Days Payable Range Over the Past 10 Years
Min: 60.11 Med: 96.14 Max: 183.32
Current: 183.32

During the past 13 years, Sunny Optical Technology (Group) Co's highest Days Payable was 183.32. The lowest was 60.11. And the median was 96.14.

HKSE:02382's Days Payable is ranked better than
88.59% of 2419 companies
in the Hardware industry
Industry Median: 67.95 vs HKSE:02382: 183.32

Sunny Optical Technology (Group) Co's Days Payable increased from Dec. 2022 (111.88) to Dec. 2023 (191.92). It may suggest that Sunny Optical Technology (Group) Co delayed paying its suppliers.

Sunny Optical Technology (Group) Co Days Payable Historical Data

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

Sunny Optical Technology (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

90.25

101.39

90.56

114.50

178.30

Sunny Optical 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															89.22	93.08	111.88	178.35	191.92

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

For the Electronic Components subindustry, Sunny Optical 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.

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

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

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

Sunny Optical 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.

Sunny Optical 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
=	( (10271.894	+	18677.471)	/	2 )	/	29631.367	*	365
=	14474.6825					/	29631.367	*	365
=	178.30

Sunny Optical 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
=	( (15698.335	+	18677.471)	/	2 )	/	16344.166	*	365 / 2
=	17187.903					/	16344.166	*	365 / 2
=	191.92

Sunny Optical Technology (Group) Co Days Payable Related Terms

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Sunny Optical Technology (Group) Co (HKSE:02382) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sunny Optical Technology (Group) Co Ltd (HKSE:02382) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SOTGY:USA SNPTF:USA SXC:Germany SXC:Germany

Address

No. 66-68, Fengle Road, Zhejiang Province, Yuyao, CHN, 315400

Website

https://www.sunnyoptical.com

Headquartered in Yuyao, China, Sunny Optical is China's biggest handset camera modules maker and the world's largest handset lens sets manufacturer. Higher-margin lens sets are used on smartphones, vehicles, and augmented/virtual reality. Sunny Optical is a key beneficiary of the secular growth of mobile and vehicle camera demand, as smartphone manufacturers seek differentiated camera features and advanced driver-assistance systems witness rising adoption among automakers. The firm also manufactures optical instruments, such as high-end microscopes and optical measuring instruments. The company employed over 26,610 people as of December 2022.

Sunny Optical Technology (Group) Co (HKSE:02382) Headlines

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