China Aerospace Times Electronic Co (SHSE:600879) Days Payable : 360.41 (As of Mar. 2024)

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What is China Aerospace Times Electronic Co Days Payable?

China Aerospace Times Electronic Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥12,178 Mil. China Aerospace Times Electronic Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,083 Mil. Hence, China Aerospace Times Electronic Co's Days Payable for the three months ended in Mar. 2024 was 360.41.

The historical rank and industry rank for China Aerospace Times Electronic Co's Days Payable or its related term are showing as below:

SHSE:600879' s Days Payable Range Over the Past 10 Years
Min: 101.73 Med: 192.52 Max: 345.64
Current: 345.64

During the past 13 years, China Aerospace Times Electronic Co's highest Days Payable was 345.64. The lowest was 101.73. And the median was 192.52.

SHSE:600879's Days Payable is ranked better than
91.92% of 297 companies
in the Aerospace & Defense industry
Industry Median: 75.31 vs SHSE:600879: 345.64

China Aerospace Times Electronic Co's Days Payable increased from Mar. 2023 (336.04) to Mar. 2024 (360.41). It may suggest that China Aerospace Times Electronic Co delayed paying its suppliers.

China Aerospace Times Electronic Co Days Payable Historical Data

The historical data trend for China Aerospace Times Electronic 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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China Aerospace Times Electronic Co Days Payable Chart

China Aerospace Times Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

208.30

228.27

226.80

276.63

301.63

China Aerospace Times Electronic Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															336.04	303.50	549.09	271.35	360.41

Competitive Comparison of China Aerospace Times Electronic Co's Days Payable

For the Aerospace & Defense subindustry, China Aerospace Times Electronic 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.

China Aerospace Times Electronic Co's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, China Aerospace Times Electronic Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China Aerospace Times Electronic Co's Days Payable falls into.

China Aerospace Times Electronic 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.

China Aerospace Times Electronic 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
=	( (12877.406	+	11786.655)	/	2 )	/	14922.718	*	365
=	12332.0305					/	14922.718	*	365
=	301.63

China Aerospace Times Electronic Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (11786.655	+	12569.268)	/	2 )	/	3083.274	*	365 / 4
=	12177.9615					/	3083.274	*	365 / 4
=	360.41

China Aerospace Times Electronic Co Days Payable Related Terms

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China Aerospace Times Electronic Co (SHSE:600879) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » China Aerospace Times Electronic Co Ltd (SHSE:600879) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plant 22MB, High-Tech Park, Economic Technology Development District, Wuhan, CHN, 430056

Website

http://www.catec-ltd.cn

China Aerospace Times Electronic Co Ltd is a China-based company. It engaged in the manufacturing and distribution of aerospace electronic products. Its products include satellite applications, inertial navigation, Integrated circuit, Drone.

China Aerospace Times Electronic Co (SHSE:600879) Headlines

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