Universal Scientific Industrial (Shanghai) Co (SHSE:601231) Days Payable : 74.67 (As of Mar. 2024)

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What is Universal Scientific Industrial (Shanghai) Co Days Payable?

Universal Scientific Industrial (Shanghai) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥9,986 Mil. Universal Scientific Industrial (Shanghai) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥12,204 Mil. Hence, Universal Scientific Industrial (Shanghai) Co's Days Payable for the three months ended in Mar. 2024 was 74.67.

The historical rank and industry rank for Universal Scientific Industrial (Shanghai) Co's Days Payable or its related term are showing as below:

SHSE:601231' s Days Payable Range Over the Past 10 Years
Min: 67.54 Med: 85.79 Max: 93.66
Current: 67.54

During the past 13 years, Universal Scientific Industrial (Shanghai) Co's highest Days Payable was 93.66. The lowest was 67.54. And the median was 85.79.

SHSE:601231's Days Payable is ranked worse than
50.62% of 2424 companies
in the Hardware industry
Industry Median: 68.11 vs SHSE:601231: 67.54

Universal Scientific Industrial (Shanghai) Co's Days Payable declined from Mar. 2023 (78.17) to Mar. 2024 (74.67). It may suggest that Universal Scientific Industrial (Shanghai) Co accelerated paying its suppliers.

Universal Scientific Industrial (Shanghai) Co Days Payable Historical Data

The historical data trend for Universal Scientific Industrial (Shanghai) 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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Universal Scientific Industrial (Shanghai) Co Days Payable Chart

Universal Scientific Industrial (Shanghai) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

87.30

84.27

89.07

70.27

71.85

Universal Scientific Industrial (Shanghai) 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															78.17	70.04	69.18	64.05	74.67

Competitive Comparison of Universal Scientific Industrial (Shanghai) Co's Days Payable

For the Electronic Components subindustry, Universal Scientific Industrial (Shanghai) 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.

Universal Scientific Industrial (Shanghai) Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Universal Scientific Industrial (Shanghai) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Universal Scientific Industrial (Shanghai) Co's Days Payable falls into.

Universal Scientific Industrial (Shanghai) 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.

Universal Scientific Industrial (Shanghai) 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
=	( (11056.191	+	10574.124)	/	2 )	/	54939.137	*	365
=	10815.1575					/	54939.137	*	365
=	71.85

Universal Scientific Industrial (Shanghai) 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
=	( (10574.124	+	9398.684)	/	2 )	/	12203.894	*	365 / 4
=	9986.404					/	12203.894	*	365 / 4
=	74.67

Universal Scientific Industrial (Shanghai) Co Days Payable Related Terms

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Universal Scientific Industrial (Shanghai) Co (SHSE:601231) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Universal Scientific Industrial (Shanghai) Co Ltd (SHSE:601231) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 1558, Zhangdong Road, Zhangjiang Hi-Tech Park, Integrated Circuit Industrial Zone, Shanghai, CHN, 201203

Website

http://www.usish.com

Universal Scientific Industrial (Shanghai) Co Ltd provides design, miniaturization, material sourcing, manufacturing, logistics, and after services of electronic devices and modules for brand owners. It mainly focuses on manufacturing electronic parts including wireless communications products, flat LCD display components, and storage products. The company's sales service network exists in North America, Europe, Japan, China, Taiwan, and manufacturing sites in China, Taiwan, Korea and Mexico.

Executives

Shi Jin Peng	senior management
Wei Zhen Yan	Directors, senior managers
Liu Dan Yang	senior management
Chen Feng Da	senior management
Lin Da Yi	senior management
Chen Chang Yi	Directors, senior managers
You Jia Xiong	senior management
Lin Yue Ming	senior management

Universal Scientific Industrial (Shanghai) Co (SHSE:601231) Headlines

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