Jiangyin Jianghua Microelectronics Materials Co (SHSE:603078) Days Payable : 74.66 (As of Mar. 2024)

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What is Jiangyin Jianghua Microelectronics Materials Co Days Payable?

Jiangyin Jianghua Microelectronics Materials Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥148 Mil. Jiangyin Jianghua Microelectronics Materials Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥181 Mil. Hence, Jiangyin Jianghua Microelectronics Materials Co's Days Payable for the three months ended in Mar. 2024 was 74.66.

The historical rank and industry rank for Jiangyin Jianghua Microelectronics Materials Co's Days Payable or its related term are showing as below:

SHSE:603078' s Days Payable Range Over the Past 10 Years
Min: 70.86 Med: 106.85 Max: 220.05
Current: 70.86

During the past 12 years, Jiangyin Jianghua Microelectronics Materials Co's highest Days Payable was 220.05. The lowest was 70.86. And the median was 106.85.

SHSE:603078's Days Payable is ranked better than
65.8% of 965 companies
in the Semiconductors industry
Industry Median: 51.74 vs SHSE:603078: 70.86

Jiangyin Jianghua Microelectronics Materials Co's Days Payable declined from Mar. 2023 (107.96) to Mar. 2024 (74.66). It may suggest that Jiangyin Jianghua Microelectronics Materials Co accelerated paying its suppliers.

Jiangyin Jianghua Microelectronics Materials Co Days Payable Historical Data

The historical data trend for Jiangyin Jianghua Microelectronics Materials 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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Jiangyin Jianghua Microelectronics Materials Co Days Payable Chart

Jiangyin Jianghua Microelectronics Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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141.15

220.05

214.01

157.60

90.42

Jiangyin Jianghua Microelectronics Materials 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															107.96	78.66	62.53	66.53	74.66

Competitive Comparison of Jiangyin Jianghua Microelectronics Materials Co's Days Payable

For the Semiconductor Equipment & Materials subindustry, Jiangyin Jianghua Microelectronics Materials 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.

Jiangyin Jianghua Microelectronics Materials Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Jiangyin Jianghua Microelectronics Materials Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangyin Jianghua Microelectronics Materials Co's Days Payable falls into.

Jiangyin Jianghua Microelectronics Materials 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.

Jiangyin Jianghua Microelectronics Materials 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
=	( (210.563	+	166.759)	/	2 )	/	761.56	*	365
=	188.661					/	761.56	*	365
=	90.42

Jiangyin Jianghua Microelectronics Materials 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
=	( (166.759	+	129.985)	/	2 )	/	181.333	*	365 / 4
=	148.372					/	181.333	*	365 / 4
=	74.66

Jiangyin Jianghua Microelectronics Materials Co Days Payable Related Terms

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Jiangyin Jianghua Microelectronics Materials Co (SHSE:603078) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Jiangyin Jianghua Microelectronics Materials Co Ltd (SHSE:603078) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 581, Changshou Yungu Road, Zhouzhuang Town, Jiangsu Province, Jiangyin, CHN, 214423

Website

http://www.jianghuamem.com

Jiangyin Jianghua Microelectronics Materials Co Ltd is a Chinese company engaged in the production of Semiconductors like TR and IC, Crystalline silicon solar such as solar PV, FPD flat panel display products including TFT-LCD, CF, TP, OLED, PDP, and others, and special wet chemicals required in the manufacturing of LED, silicon, and lithium batteries, among others.

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