Gohigh Networks Co (SZSE:000851) Days Payable : 103.55 (As of Sep. 2023)

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What is Gohigh Networks Co Days Payable?

Gohigh Networks Co's average Accounts Payable for the three months ended in Sep. 2023 was ¥1,769 Mil. Gohigh Networks Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥1,559 Mil. Hence, Gohigh Networks Co's Days Payable for the three months ended in Sep. 2023 was 103.55.

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

SZSE:000851' s Days Payable Range Over the Past 10 Years
Min: 39.93 Med: 56.7 Max: 134.05
Current: 110.74

During the past 13 years, Gohigh Networks Co's highest Days Payable was 134.05. The lowest was 39.93. And the median was 56.70.

SZSE:000851's Days Payable is ranked better than
74.87% of 2419 companies
in the Hardware industry
Industry Median: 67.83 vs SZSE:000851: 110.74

Gohigh Networks Co's Days Payable declined from Sep. 2022 (151.74) to Sep. 2023 (103.55). It may suggest that Gohigh Networks Co accelerated paying its suppliers.

Gohigh Networks Co Days Payable Historical Data

The historical data trend for Gohigh Networks 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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Gohigh Networks Co Days Payable Chart

Gohigh Networks Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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49.12

61.34

134.05

91.83

113.23

Gohigh Networks 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															151.74	68.30	177.42	179.52	103.55

Competitive Comparison of Gohigh Networks Co's Days Payable

For the Communication Equipment subindustry, Gohigh Networks 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.

Gohigh Networks Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Gohigh Networks Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Gohigh Networks Co's Days Payable falls into.

Gohigh Networks 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.

Gohigh Networks 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
=	( (1733.984	+	2222.343)	/	2 )	/	6376.872	*	365
=	1978.1635					/	6376.872	*	365
=	113.23

Gohigh Networks 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
=	( (1897.032	+	1640.477)	/	2 )	/	1558.658	*	365 / 4
=	1768.7545					/	1558.658	*	365 / 4
=	103.55

Gohigh Networks Co Days Payable Related Terms

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Gohigh Networks Co (SZSE:000851) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Gohigh Networks Co Ltd (SZSE:000851) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Gui'an Comprehensive Bonded Zone, No. 610-210, 6th Floor, Building B, E-Commerce Science and Technology Park, New District, Guizhou Province, Gui'an, CHN, 100083

Website

https://www.gohigh.com.cn

Gohigh Networks Co Ltd is a China-based company engaged in the manufacture of communication equipment.

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