Shandong New Beiyang Information Technology Co (SZSE:002376) Days Payable : 88.69 (As of Sep. 2023)

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What is Shandong New Beiyang Information Technology Co Days Payable?

Shandong New Beiyang Information Technology Co's average Accounts Payable for the three months ended in Sep. 2023 was ¥400 Mil. Shandong New Beiyang Information Technology Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥412 Mil. Hence, Shandong New Beiyang Information Technology Co's Days Payable for the three months ended in Sep. 2023 was 88.69.

The historical rank and industry rank for Shandong New Beiyang Information Technology Co's Days Payable or its related term are showing as below:

SZSE:002376' s Days Payable Range Over the Past 10 Years
Min: 90.78 Med: 129.34 Max: 152.49
Current: 93.48

During the past 13 years, Shandong New Beiyang Information Technology Co's highest Days Payable was 152.49. The lowest was 90.78. And the median was 129.34.

SZSE:002376's Days Payable is ranked better than
60.17% of 2930 companies
in the Industrial Products industry
Industry Median: 76.275 vs SZSE:002376: 93.48

Shandong New Beiyang Information Technology Co's Days Payable declined from Sep. 2022 (114.32) to Sep. 2023 (88.69). It may suggest that Shandong New Beiyang Information Technology Co accelerated paying its suppliers.

Shandong New Beiyang Information Technology Co Days Payable Historical Data

The historical data trend for Shandong New Beiyang Information Technology 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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Shandong New Beiyang Information Technology Co Days Payable Chart

Shandong New Beiyang Information Technology Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

90.78

118.76

127.87

128.98

131.15

Shandong New Beiyang Information Technology 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															114.32	84.30	116.95	78.80	88.69

Competitive Comparison of Shandong New Beiyang Information Technology Co's Days Payable

For the Business Equipment & Supplies subindustry, Shandong New Beiyang Information Technology 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.

Shandong New Beiyang Information Technology Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shandong New Beiyang Information Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong New Beiyang Information Technology Co's Days Payable falls into.

Shandong New Beiyang Information Technology 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.

Shandong New Beiyang Information Technology 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
=	( (783.232	+	399.966)	/	2 )	/	1646.515	*	365
=	591.599					/	1646.515	*	365
=	131.15

Shandong New Beiyang Information Technology 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
=	( (354.682	+	445.23)	/	2 )	/	411.521	*	365 / 4
=	399.956					/	411.521	*	365 / 4
=	88.69

Shandong New Beiyang Information Technology Co Days Payable Related Terms

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Shandong New Beiyang Information Technology Co (SZSE:002376) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong New Beiyang Information Technology Co Ltd (SZSE:002376) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.169, Torch Road, Torch High-tech Industrial Development Zone, Shandong Province, Weihai, CHN, 264203

Website

http://www.snbc.com.cn

Shandong New Beiyang Information Technology Co Ltd is a China-based company focused on the research and development, production, sales and service of thermal printing, identification as well as smart system integration products. It offers products such as Kiosk printer, scanner, receipt printers, barcode printers, banknote sorter and self-service terminals. In addition, the company also provides solutions in the field of finance, logistics, and other industries.

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