Hangzhou SDIC Microelectronics (SHSE:688130) Days Payable : 14.08 (As of Mar. 2024)

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What is Hangzhou SDIC Microelectronics Days Payable?

Hangzhou SDIC Microelectronics's average Accounts Payable for the three months ended in Mar. 2024 was ¥1.6 Mil. Hangzhou SDIC Microelectronics's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥10.1 Mil. Hence, Hangzhou SDIC Microelectronics's Days Payable for the three months ended in Mar. 2024 was 14.08.

The historical rank and industry rank for Hangzhou SDIC Microelectronics's Days Payable or its related term are showing as below:

SHSE:688130' s Days Payable Range Over the Past 10 Years
Min: 9.85 Med: 13.04 Max: 16.47
Current: 9.85

During the past 6 years, Hangzhou SDIC Microelectronics's highest Days Payable was 16.47. The lowest was 9.85. And the median was 13.04.

SHSE:688130's Days Payable is ranked worse than
97.82% of 964 companies
in the Semiconductors industry
Industry Median: 51.78 vs SHSE:688130: 9.85

Hangzhou SDIC Microelectronics's Days Payable increased from Mar. 2023 (10.93) to Mar. 2024 (14.08). It may suggest that Hangzhou SDIC Microelectronics delayed paying its suppliers.

Hangzhou SDIC Microelectronics Days Payable Historical Data

The historical data trend for Hangzhou SDIC Microelectronics'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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Hangzhou SDIC Microelectronics Days Payable Chart

Hangzhou SDIC Microelectronics Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

14.18

11.90

14.92

16.47

10.45

Hangzhou SDIC Microelectronics Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											10.93	8.28	8.29	8.66	14.08

Competitive Comparison of Hangzhou SDIC Microelectronics's Days Payable

For the Semiconductors subindustry, Hangzhou SDIC Microelectronics'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.

Hangzhou SDIC Microelectronics's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Hangzhou SDIC Microelectronics's Days Payable distribution charts can be found below:

* The bar in red indicates where Hangzhou SDIC Microelectronics's Days Payable falls into.

Hangzhou SDIC Microelectronics 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.

Hangzhou SDIC Microelectronics'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
=	( (0.908	+	1.741)	/	2 )	/	46.276	*	365
=	1.3245					/	46.276	*	365
=	10.45

Hangzhou SDIC Microelectronics'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
=	( (1.741	+	1.382)	/	2 )	/	10.119	*	365 / 4
=	1.5615					/	10.119	*	365 / 4
=	14.08

Hangzhou SDIC Microelectronics Days Payable Related Terms

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Hangzhou SDIC Microelectronics (SHSE:688130) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Hangzhou SDIC Microelectronics Inc (SHSE:688130) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 351, Changhe Road, Changhe Street, Room 501, Block A, 5th Floor, Building 4, Binjiang District, Zhejiang Provinc, Hangzhou, CHN, 310052

Website

https://www.sdicmicro.cn

Hangzhou SDIC Microelectronics Inc is engaged in the research and development and sales of high-performance analog and digital-analog hybrid integrated circuits.

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