Shanghai Longcheer Technology Co (SHSE:603341) Days Payable : 130.84 (As of Mar. 2024)

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What is Shanghai Longcheer Technology Co Days Payable?

Shanghai Longcheer Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥13,782 Mil. Shanghai Longcheer Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥9,612 Mil. Hence, Shanghai Longcheer Technology Co's Days Payable for the three months ended in Mar. 2024 was 130.84.

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

SHSE:603341' s Days Payable Range Over the Past 10 Years
Min: 115.86 Med: 132.7 Max: 211.01
Current: 134.9

During the past 9 years, Shanghai Longcheer Technology Co's highest Days Payable was 211.01. The lowest was 115.86. And the median was 132.70.

SHSE:603341's Days Payable is ranked better than
81.71% of 2422 companies
in the Hardware industry
Industry Median: 68.065 vs SHSE:603341: 134.90

Shanghai Longcheer Technology Co's Days Payable declined from Mar. 2023 (233.67) to Mar. 2024 (130.84). It may suggest that Shanghai Longcheer Technology Co accelerated paying its suppliers.

Shanghai Longcheer Technology Co Days Payable Historical Data

The historical data trend for Shanghai Longcheer 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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Shanghai Longcheer Technology Co Days Payable Chart

Shanghai Longcheer Technology Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec19

Dec20

Dec21

Dec22

Days Payable

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133.76

127.06

147.79

146.29

125.27

Shanghai Longcheer Technology Co Quarterly Data
	Dec12	Dec13	Dec14	Jun15	Dec15	Dec16	Jun17	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial													233.67	132.11	136.66	107.16	130.84

Competitive Comparison of Shanghai Longcheer Technology Co's Days Payable

For the Consumer Electronics subindustry, Shanghai Longcheer 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.

Shanghai Longcheer Technology Co's Days Payable Distribution in the Hardware Industry

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

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

Shanghai Longcheer 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.

Shanghai Longcheer 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
=	( (9236.117	+	9192.854)	/	2 )	/	26848.954	*	365
=	9214.4855					/	26848.954	*	365
=	125.27

Shanghai Longcheer 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
=	( (12493.186	+	15070.909)	/	2 )	/	9612.151	*	365 / 4
=	13782.0475					/	9612.151	*	365 / 4
=	130.84

Shanghai Longcheer Technology Co Days Payable Related Terms

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Shanghai Longcheer Technology Co (SHSE:603341) Business Description

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