Daqo New Energy (Daqo New Energy) Days Payable : 22.66 (As of Dec. 2023)

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What is Daqo New Energy Days Payable?

Daqo New Energy's average Accounts Payable for the three months ended in Dec. 2023 was $97 Mil. Daqo New Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $390 Mil. Hence, Daqo New Energy's Days Payable for the three months ended in Dec. 2023 was 22.66.

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

DQ' s Days Payable Range Over the Past 10 Years
Min: 13.09 Med: 28.54 Max: 55.85
Current: 25.12

During the past 13 years, Daqo New Energy's highest Days Payable was 55.85. The lowest was 13.09. And the median was 28.54.

DQ's Days Payable is ranked worse than
83.16% of 962 companies
in the Semiconductors industry
Industry Median: 51.77 vs DQ: 25.12

Daqo New Energy's Days Payable declined from Dec. 2022 (44.28) to Dec. 2023 (22.66). It may suggest that Daqo New Energy accelerated paying its suppliers.

Daqo New Energy Days Payable Historical Data

The historical data trend for Daqo New Energy'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.

Daqo New Energy Days Payable Chart

Daqo New Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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14.81

13.09

31.51

24.83

23.02

Daqo New Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															44.28	40.27	24.40	22.44	22.66

Competitive Comparison of Daqo New Energy's Days Payable

For the Semiconductor Equipment & Materials subindustry, Daqo New Energy'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.

Daqo New Energy's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Daqo New Energy's Days Payable distribution charts can be found below:

* The bar in red indicates where Daqo New Energy's Days Payable falls into.

Daqo New Energy 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.

Daqo New Energy'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
=	( (81.875	+	93.161)	/	2 )	/	1387.88	*	365
=	87.518					/	1387.88	*	365
=	23.02

Daqo New Energy'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
=	( (100.466	+	93.161)	/	2 )	/	389.937	*	365 / 4
=	96.8135					/	389.937	*	365 / 4
=	22.66

Daqo New Energy Days Payable Related Terms

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Daqo New Energy (Daqo New Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Daqo New Energy Corp (NYSE:DQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

DQ:Mexico 5DQ2:Germany

Address

No. 838 Zhangyang Road, Room C,29th Floor, Unit 29, Huadu Mansion, Pudong, Shanghai, CHN, 200122

Website

http://www.dqsolar.com

Daqo New Energy Corp is a polysilicon manufacturer based in China. The company is engaged in the manufacturing and selling of high-purity polysilicon to photovoltaic product manufacturers who processed polysilicon into ingots, cells, and modules for solar power solutions. It offers ready-to-use polysilicon, packaged to meet crucible stacking, pulling, and solidification needs. All of its revenues gets derived from the People's Republic of China.