Suzhou Secote Precision Electronic Co (SHSE:603283) Days Payable : 196.64 (As of Mar. 2024)

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What is Suzhou Secote Precision Electronic Co Days Payable?

Suzhou Secote Precision Electronic Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥908 Mil. Suzhou Secote Precision Electronic Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥421 Mil. Hence, Suzhou Secote Precision Electronic Co's Days Payable for the three months ended in Mar. 2024 was 196.64.

The historical rank and industry rank for Suzhou Secote Precision Electronic Co's Days Payable or its related term are showing as below:

SHSE:603283' s Days Payable Range Over the Past 10 Years
Min: 84.48 Med: 132.81 Max: 196.64
Current: 132.72

During the past 11 years, Suzhou Secote Precision Electronic Co's highest Days Payable was 196.64. The lowest was 84.48. And the median was 132.81.

SHSE:603283's Days Payable is ranked better than
73.09% of 2925 companies
in the Industrial Products industry
Industry Median: 76.67 vs SHSE:603283: 132.72

Suzhou Secote Precision Electronic Co's Days Payable declined from Mar. 2023 (231.15) to Mar. 2024 (196.64). It may suggest that Suzhou Secote Precision Electronic Co accelerated paying its suppliers.

Suzhou Secote Precision Electronic Co Days Payable Historical Data

The historical data trend for Suzhou Secote Precision Electronic 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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Suzhou Secote Precision Electronic Co Days Payable Chart

Suzhou Secote Precision Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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108.56

116.27

176.64

196.64

151.13

Suzhou Secote Precision Electronic 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															231.15	192.16	109.64	77.44	196.64

Competitive Comparison of Suzhou Secote Precision Electronic Co's Days Payable

For the Specialty Industrial Machinery subindustry, Suzhou Secote Precision Electronic 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.

Suzhou Secote Precision Electronic Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Suzhou Secote Precision Electronic Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Suzhou Secote Precision Electronic Co's Days Payable falls into.

Suzhou Secote Precision Electronic 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.

Suzhou Secote Precision Electronic 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
=	( (1132.287	+	822.249)	/	2 )	/	2360.237	*	365
=	977.268					/	2360.237	*	365
=	151.13

Suzhou Secote Precision Electronic 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
=	( (822.249	+	993.974)	/	2 )	/	421.401	*	365 / 4
=	908.1115					/	421.401	*	365 / 4
=	196.64

Suzhou Secote Precision Electronic Co Days Payable Related Terms

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Suzhou Secote Precision Electronic Co (SHSE:603283) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Secote Precision Electronic Co Ltd (SHSE:603283) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.4 South Dongwu Road, Wuzhong, Suzhou, CHN, 215168

Website

http://www.secote.com

Suzhou Secote Precision Electronic Co Ltd is engaged in the provision of automation solutions. Secote offers technical consultancy, feasibility studies, data experimentation, system design, programming, system integration, installation and tuning, and other services. The company also provides measurement and detection equipment and fixtures. Secote's products are widely used in the consumer electronics, automotive, medical, household appliance, apparel and personal care, food service, and cosmetics industries.

Executives

Yang Wei	Director
	Director
Chen Xiang Bing	Director
Li San Bao	Director
Zhao Jian Hua	Directors, senior managers
Huang Yuan Yuan	senior management
Wang Yong	Director
Sun Feng	Directors, senior managers
Bie Yuan Feng	Supervisors
Sun Quan	Supervisors
Lou Hong Wei	Director
Liu Yan Wei	senior management
Ceng Hui	Director
Fu Kai Qiang	Director
Liu Hong Ning	senior management

Suzhou Secote Precision Electronic Co (SHSE:603283) Headlines

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