UE Furniture Co (SHSE:603600) Days Payable : 80.14 (As of Mar. 2024)

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What is UE Furniture Co Days Payable?

UE Furniture Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥586 Mil. UE Furniture Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥667 Mil. Hence, UE Furniture Co's Days Payable for the three months ended in Mar. 2024 was 80.14.

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

SHSE:603600' s Days Payable Range Over the Past 10 Years
Min: 65.82 Med: 77.17 Max: 110.98
Current: 73.39

During the past 13 years, UE Furniture Co's highest Days Payable was 110.98. The lowest was 65.82. And the median was 77.17.

SHSE:603600's Days Payable is ranked better than
53.94% of 406 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 66.76 vs SHSE:603600: 73.39

UE Furniture Co's Days Payable declined from Mar. 2023 (95.68) to Mar. 2024 (80.14). It may suggest that UE Furniture Co accelerated paying its suppliers.

UE Furniture Co Days Payable Historical Data

The historical data trend for UE Furniture 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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UE Furniture Co Days Payable Chart

UE Furniture Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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88.94

110.98

93.55

81.57

85.69

UE Furniture 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															95.68	77.57	73.11	71.78	80.14

Competitive Comparison of UE Furniture Co's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, UE Furniture 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.

UE Furniture Co's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, UE Furniture Co's Days Payable distribution charts can be found below:

* The bar in red indicates where UE Furniture Co's Days Payable falls into.

UE Furniture 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.

UE Furniture 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
=	( (623.46	+	657.795)	/	2 )	/	2728.813	*	365
=	640.6275					/	2728.813	*	365
=	85.69

UE Furniture 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
=	( (657.795	+	514.226)	/	2 )	/	667.234	*	365 / 4
=	586.0105					/	667.234	*	365 / 4
=	80.14

UE Furniture Co Days Payable Related Terms

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UE Furniture Co (SHSE:603600) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » UE Furniture Co Ltd (SHSE:603600) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.1, Yongyi West Road, Dipu Town, Zhejiang Province, Huzhou, Anji County, CHN, 313300

Website

http://www.uechairs.com

UE Furniture Co Ltd is specialized in the research, development, production, and sales of seats. Its products involve office chairs and training, Training chairs, massage chairs, leisure chairs, children's chairs, partly functional seating metal parts sofas and functional seat accessories.

UE Furniture Co (SHSE:603600) Headlines

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