Suzhou HYC Technology Co (SHSE:688001) Days Payable : 400.36 (As of Mar. 2024)

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What is Suzhou HYC Technology Co Days Payable?

Suzhou HYC Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥559 Mil. Suzhou HYC Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥127 Mil. Hence, Suzhou HYC Technology Co's Days Payable for the three months ended in Mar. 2024 was 400.36.

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

SHSE:688001' s Days Payable Range Over the Past 10 Years
Min: 59.77 Med: 124.11 Max: 257.21
Current: 237.78

During the past 8 years, Suzhou HYC Technology Co's highest Days Payable was 257.21. The lowest was 59.77. And the median was 124.11.

SHSE:688001's Days Payable is ranked better than
92.99% of 2425 companies
in the Hardware industry
Industry Median: 68.07 vs SHSE:688001: 237.78

Suzhou HYC Technology Co's Days Payable increased from Mar. 2023 (377.73) to Mar. 2024 (400.36). It may suggest that Suzhou HYC Technology Co delayed paying its suppliers.

Suzhou HYC Technology Co Days Payable Historical Data

The historical data trend for Suzhou HYC 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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Suzhou HYC Technology Co Days Payable Chart

Suzhou HYC Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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98.17

111.55

189.31

203.54

257.21

Suzhou HYC 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															377.73	209.37	232.37	197.49	400.36

Competitive Comparison of Suzhou HYC Technology Co's Days Payable

For the Electronic Components subindustry, Suzhou HYC 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.

Suzhou HYC Technology Co's Days Payable Distribution in the Hardware Industry

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

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

Suzhou HYC 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.

Suzhou HYC 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
=	( (608.565	+	598.325)	/	2 )	/	856.325	*	365
=	603.445					/	856.325	*	365
=	257.21

Suzhou HYC 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
=	( (598.325	+	519.608)	/	2 )	/	127.401	*	365 / 4
=	558.9665					/	127.401	*	365 / 4
=	400.36

Suzhou HYC Technology Co Days Payable Related Terms

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Suzhou HYC Technology Co (SHSE:688001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Suzhou HYC Technology Co Ltd (SHSE:688001) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Qingqiu Lane, Suzhou Industrial Park, Suzhou, CHN, 215000

Website

http://www.hyc.cn

Suzhou HYC Technology Co Ltd is a provider of industrial automatic test equipment and complete line system solutions. The test products are used in the manufacturers of LCD, flexible OLED, semiconductor, new energy automotive electronics and other industries.

Executives

Zhu Chen	Director
Cheng Zhong	senior management
Zhang Qian	Director
Jiang Rui Xiang	senior management

Suzhou HYC Technology Co (SHSE:688001) Headlines

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