Chengdu RML Technology Co (SZSE:301050) Days Payable : 299.28 (As of Mar. 2024)

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What is Chengdu RML Technology Co Days Payable?

Chengdu RML Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥691 Mil. Chengdu RML Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥211 Mil. Hence, Chengdu RML Technology Co's Days Payable for the three months ended in Mar. 2024 was 299.28.

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

SZSE:301050' s Days Payable Range Over the Past 10 Years
Min: 285.31 Med: 516.4 Max: 1225.68
Current: 719.89

During the past 7 years, Chengdu RML Technology Co's highest Days Payable was 1225.68. The lowest was 285.31. And the median was 516.40.

SZSE:301050's Days Payable is ranked better than
98.51% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs SZSE:301050: 719.89

Chengdu RML Technology Co's Days Payable declined from Mar. 2023 (881.58) to Mar. 2024 (299.28). It may suggest that Chengdu RML Technology Co accelerated paying its suppliers.

Chengdu RML Technology Co Days Payable Historical Data

The historical data trend for Chengdu RML 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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Chengdu RML Technology Co Days Payable Chart

Chengdu RML Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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285.31

516.40

346.98

604.71

785.54

Chengdu RML Technology Co Quarterly Data
	Dec17	Dec18	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															881.58	1,035.03	1,003.56	1,127.06	299.28

Competitive Comparison of Chengdu RML Technology Co's Days Payable

For the Scientific & Technical Instruments subindustry, Chengdu RML 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.

Chengdu RML Technology Co's Days Payable Distribution in the Hardware Industry

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

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

Chengdu RML 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.

Chengdu RML 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
=	( (1025.968	+	798.139)	/	2 )	/	423.784	*	365
=	912.0535					/	423.784	*	365
=	785.54

Chengdu RML Technology 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
=	( (798.139	+	583.132)	/	2 )	/	210.577	*	365 / 4
=	690.6355					/	210.577	*	365 / 4
=	299.28

Chengdu RML Technology Co Days Payable Related Terms

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Chengdu RML Technology Co (SZSE:301050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chengdu RML Technology Co Ltd (SZSE:301050) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 288 Yixin Avenue, Shiyang Industrial Park, High-tech Zone, Sichuan Province, Chengdu, CHN, 610093

Website

http://www.rml138.com

Chengdu RML Technology Co Ltd is engaged in the research and development, manufacturing, testing and sales of millimeter wave active phased array microsystems.

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