Sanan Optoelectronics Co (SHSE:600703) Days Payable : 105.32 (As of Sep. 2023)

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What is Sanan Optoelectronics Co Days Payable?

Sanan Optoelectronics Co's average Accounts Payable for the three months ended in Sep. 2023 was ¥3,909 Mil. Sanan Optoelectronics Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥3,387 Mil. Hence, Sanan Optoelectronics Co's Days Payable for the three months ended in Sep. 2023 was 105.32.

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

SHSE:600703' s Days Payable Range Over the Past 10 Years
Min: 77.08 Med: 104.02 Max: 149.04
Current: 135.61

During the past 13 years, Sanan Optoelectronics Co's highest Days Payable was 149.04. The lowest was 77.08. And the median was 104.02.

SHSE:600703's Days Payable is ranked better than
84.82% of 962 companies
in the Semiconductors industry
Industry Median: 51.83 vs SHSE:600703: 135.61

Sanan Optoelectronics Co's Days Payable declined from Sep. 2022 (165.22) to Sep. 2023 (105.32). It may suggest that Sanan Optoelectronics Co accelerated paying its suppliers.

Sanan Optoelectronics Co Days Payable Historical Data

The historical data trend for Sanan Optoelectronics 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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Sanan Optoelectronics Co Days Payable Chart

Sanan Optoelectronics Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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105.46

149.04

132.65

105.19

139.12

Sanan Optoelectronics Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															165.22	165.23	165.61	116.35	105.32

Competitive Comparison of Sanan Optoelectronics Co's Days Payable

For the Semiconductors subindustry, Sanan Optoelectronics 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.

Sanan Optoelectronics Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Sanan Optoelectronics Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Sanan Optoelectronics Co's Days Payable falls into.

Sanan Optoelectronics 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.

Sanan Optoelectronics Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (3517.467	+	4764.656)	/	2 )	/	10864.811	*	365
=	4141.0615					/	10864.811	*	365
=	139.12

Sanan Optoelectronics Co's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (4087.28	+	3731.095)	/	2 )	/	3387.1	*	365 / 4
=	3909.1875					/	3387.1	*	365 / 4
=	105.32

Sanan Optoelectronics Co Days Payable Related Terms

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Sanan Optoelectronics Co (SHSE:600703) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sanan Optoelectronics Co Ltd (SHSE:600703) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No.131, Dongfang Avenue, Jingzhou Development Zone, Hubei Province, Jingzhou, CHN, 361009

Website

http://www.sanan-e.com

Sanan Optoelectronics Co Ltd is a China-based full-color ultra-high brightness LED epitaxial and chip manufacturer. It is engaged in the development, production, and sales of full-color and high brightness LED epitaxial wafers, chips, compound solar cells and high-powered condenser photovoltaic products. The products offered by the company are a sapphire substrate, an integrated circuit, solar battery, LED chip, optical communication chip and others.

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