Shenzhen Chuangyitong Technology Co (SZSE:300991) Days Payable : 157.86 (As of Dec. 2023)

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What is Shenzhen Chuangyitong Technology Co Days Payable?

Shenzhen Chuangyitong Technology Co's average Accounts Payable for the three months ended in Dec. 2023 was ¥214.0 Mil. Shenzhen Chuangyitong Technology Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥123.7 Mil. Hence, Shenzhen Chuangyitong Technology Co's Days Payable for the three months ended in Dec. 2023 was 157.86.

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

SZSE:300991' s Days Payable Range Over the Past 10 Years
Min: 126.59 Med: 186.16 Max: 236.18
Current: 183.72

During the past 9 years, Shenzhen Chuangyitong Technology Co's highest Days Payable was 236.18. The lowest was 126.59. And the median was 186.16.

SZSE:300991's Days Payable is ranked better than
83.89% of 2930 companies
in the Industrial Products industry
Industry Median: 76 vs SZSE:300991: 183.72

Shenzhen Chuangyitong Technology Co's Days Payable declined from Dec. 2022 (164.18) to Dec. 2023 (157.86). It may suggest that Shenzhen Chuangyitong Technology Co accelerated paying its suppliers.

Shenzhen Chuangyitong Technology Co Days Payable Historical Data

The historical data trend for Shenzhen Chuangyitong 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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Shenzhen Chuangyitong Technology Co Days Payable Chart

Shenzhen Chuangyitong Technology Co Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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236.18

206.69

191.38

209.08

Shenzhen Chuangyitong Technology Co Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															164.18	252.84	181.32	145.66	157.86

Competitive Comparison of Shenzhen Chuangyitong Technology Co's Days Payable

For the Electrical Equipment & Parts subindustry, Shenzhen Chuangyitong 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.

Shenzhen Chuangyitong Technology Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenzhen Chuangyitong Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenzhen Chuangyitong Technology Co's Days Payable falls into.

Shenzhen Chuangyitong 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.

Shenzhen Chuangyitong Technology 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
=	( (201.841	+	250.07)	/	2 )	/	394.463	*	365
=	225.9555					/	394.463	*	365
=	209.08

Shenzhen Chuangyitong Technology Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (177.89	+	250.07)	/	2 )	/	123.686	*	365 / 4
=	213.98					/	123.686	*	365 / 4
=	157.86

Shenzhen Chuangyitong Technology Co Days Payable Related Terms

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Shenzhen Chuangyitong Technology Co (SZSE:300991) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Chuangyitong Technology Co Ltd (SZSE:300991) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Fenghuang Street, Changfeng Industrial Park, No. 101-501, No. 11, No. 13 Building 105, Dongkeng Community, Guangming District, Shenzhen, CHN, 518106

Website

http://www.chysz.cn

Shenzhen Chuangyitong Technology Co Ltd is engage in the research and development, design and precision manufacturing of interconnect products such as precision connectors, connecting wires, and precision structural parts.

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