Qingdao Topscomm Communication (SHSE:603421) Days Payable : 197.87 (As of Sep. 2023)

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What is Qingdao Topscomm Communication Days Payable?

Qingdao Topscomm Communication's average Accounts Payable for the three months ended in Sep. 2023 was ¥1,123 Mil. Qingdao Topscomm Communication's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥518 Mil. Hence, Qingdao Topscomm Communication's Days Payable for the three months ended in Sep. 2023 was 197.87.

The historical rank and industry rank for Qingdao Topscomm Communication's Days Payable or its related term are showing as below:

SHSE:603421' s Days Payable Range Over the Past 10 Years
Min: 51.72 Med: 76.51 Max: 286.24
Current: 214.5

During the past 12 years, Qingdao Topscomm Communication's highest Days Payable was 286.24. The lowest was 51.72. And the median was 76.51.

SHSE:603421's Days Payable is ranked better than
91.16% of 2421 companies
in the Hardware industry
Industry Median: 67.83 vs SHSE:603421: 214.50

Qingdao Topscomm Communication's Days Payable declined from Sep. 2022 (230.63) to Sep. 2023 (197.87). It may suggest that Qingdao Topscomm Communication accelerated paying its suppliers.

Qingdao Topscomm Communication Days Payable Historical Data

The historical data trend for Qingdao Topscomm Communication'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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Qingdao Topscomm Communication Days Payable Chart

Qingdao Topscomm Communication Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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66.92

79.91

159.91

232.63

286.24

Qingdao Topscomm Communication Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															230.63	167.08	382.94	196.73	197.87

Competitive Comparison of Qingdao Topscomm Communication's Days Payable

For the Scientific & Technical Instruments subindustry, Qingdao Topscomm Communication'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.

Qingdao Topscomm Communication's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Qingdao Topscomm Communication's Days Payable distribution charts can be found below:

* The bar in red indicates where Qingdao Topscomm Communication's Days Payable falls into.

Qingdao Topscomm Communication 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.

Qingdao Topscomm Communication'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
=	( (1398.487	+	1339.585)	/	2 )	/	1745.733	*	365
=	1369.036					/	1745.733	*	365
=	286.24

Qingdao Topscomm Communication's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1062.545	+	1183.772)	/	2 )	/	517.957	*	365 / 4
=	1123.1585					/	517.957	*	365 / 4
=	197.87

Qingdao Topscomm Communication Days Payable Related Terms

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Qingdao Topscomm Communication (SHSE:603421) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Qingdao Topscomm Communication Inc (SHSE:603421) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 288 Ningxia Road, 5th Floor, No. 6 Building, Qingdao Software Park, Shinan District, Qingdao City, CHN, 266024

Website

http://www.topscomm.com

Qingdao Topscomm Communication Inc designs, researches and develops, manufactures, and sells smart products for electric power and fire protection in China. It also engages in the research and development of power line carrier communication chips and fieldbus communication chips. Its products include smart energy meters, such as smart prepayment and advanced metering infrastructure (AMI), power line carrier communication system; chips; terminal collecting device such as concentrator and state grid concentrator; and intelligent indoor terminal. It also provides AMI, prepayment vending, water/gas/heat and electricity meter AMR/AMI, distribution automation and management, and low and medium voltage PLC communication solutions.

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