Raisecom Technology Co (SHSE:603803) Days Payable : 196.17 (As of Mar. 2024)

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What is Raisecom Technology Co Days Payable?

Raisecom Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥510 Mil. Raisecom Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥237 Mil. Hence, Raisecom Technology Co's Days Payable for the three months ended in Mar. 2024 was 196.17.

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

SHSE:603803' s Days Payable Range Over the Past 10 Years
Min: 92.37 Med: 132.87 Max: 169.25
Current: 151.07

During the past 12 years, Raisecom Technology Co's highest Days Payable was 169.25. The lowest was 92.37. And the median was 132.87.

SHSE:603803's Days Payable is ranked better than
84.83% of 2426 companies
in the Hardware industry
Industry Median: 68.08 vs SHSE:603803: 151.07

Raisecom Technology Co's Days Payable increased from Mar. 2023 (170.08) to Mar. 2024 (196.17). It may suggest that Raisecom Technology Co delayed paying its suppliers.

Raisecom Technology Co Days Payable Historical Data

The historical data trend for Raisecom 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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Raisecom Technology Co Days Payable Chart

Raisecom Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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123.23

156.27

132.08

133.66

169.25

Raisecom Technology 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															170.08	111.73	159.88	144.67	196.17

Competitive Comparison of Raisecom Technology Co's Days Payable

For the Communication Equipment subindustry, Raisecom 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.

Raisecom Technology Co's Days Payable Distribution in the Hardware Industry

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

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

Raisecom 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.

Raisecom 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
=	( (400.201	+	494.606)	/	2 )	/	964.88	*	365
=	447.4035					/	964.88	*	365
=	169.25

Raisecom 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
=	( (494.606	+	525.118)	/	2 )	/	237.164	*	365 / 4
=	509.862					/	237.164	*	365 / 4
=	196.17

Raisecom Technology Co Days Payable Related Terms

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Raisecom Technology Co (SHSE:603803) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Raisecom Technology Co Ltd (SHSE:603803) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 10, West Wangdong Road, 1st to 5th floor, Building 11, East Building, Haidian District, Beijing, CHN, 100094

Website

http://www.raisecom.com

Raisecom Technology Co Ltd is a Chinese provider of access solutions and network devices. Its product lines consist carrier ethernet, IP MPLS, optical transport network, packet transport network, xPON, SME routers, industrial switch, PCM for SCADA, ethernet over everything, multi-service last mile access and network management system. In addition, the company also offers tailored solutions for access scenarios focusing on service providers, mobile backhaul and front haul, broadband access, mission critical networks, enterprise and government communications services.

Executives

Wang Jian Ming	Director
Zheng Xiang	Director

Raisecom Technology Co (SHSE:603803) Headlines

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