Canaan (Canaan) Days Payable

: 11.27 (As of Dec. 2023)

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Canaan's average Accounts Payable for the three months ended in Dec. 2023 was $12.7 Mil. Canaan's Cost of Goods Sold for the three months ended in Dec. 2023 was $103.1 Mil. Hence, Canaan's Days Payable for the three months ended in Dec. 2023 was 11.27.

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

CAN' s Days Payable Range Over the Past 10 Years
Min: 8.34 Med: 15.56 Max: 57.83
Current: 15.57

During the past 7 years, Canaan's highest Days Payable was 57.83. The lowest was 8.34. And the median was 15.56.

CAN's Days Payable is ranked worse than
96.94% of 2420 companies
in the Hardware industry
Industry Median: 67.955 vs CAN: 15.57

Canaan's Days Payable increased from Dec. 2022 (6.97) to Dec. 2023 (11.27). It may suggest that Canaan delayed paying its suppliers.

Canaan Days Payable Historical Data

The historical data trend for Canaan'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.

Canaan Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

13.85

57.83

15.56

16.99

9.26

Canaan Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																6.97	19.38	17.21	20.74	11.27

Competitive Comparison

For the Computer Hardware subindustry, Canaan'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.

Canaan Days Payable Distribution

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

* The bar in red indicates where Canaan's Days Payable falls into.

Canaan 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.

Canaan'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
=	( (16.703	+	6.245)	/	2 )	/	452.257	*	365
=	11.474					/	452.257	*	365
=	9.26

Canaan'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (19.223	+	6.245)	/	2 )	/	103.142	*	365 / 4
=	12.734					/	103.142	*	365 / 4
=	11.27

Canaan Days Payable Related Terms

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Canaan (Canaan) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Canaan Inc (NAS:CAN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CAN:Mexico 35J:Germany

Address

28 Ayer Rajah Crescent No. 06-08, Singapore, SGP, S139959

Website

https://www.canaan-creative.com

Canaan Inc is a developer of supercomputing chips and the manufacturer of digital blockchain computing equipment as well as the supplier of the overall scheme for computer software and hardware of digital blockchain. The revenues of the company are derived from the sales of Bitcoin mining machines and related parts.