Rayitek Hi-Tech Film Co (SHSE:688323) Days Payable : 488.74 (As of Mar. 2024)

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What is Rayitek Hi-Tech Film Co Days Payable?

Rayitek Hi-Tech Film Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥228.1 Mil. Rayitek Hi-Tech Film Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥42.6 Mil. Hence, Rayitek Hi-Tech Film Co's Days Payable for the three months ended in Mar. 2024 was 488.74.

The historical rank and industry rank for Rayitek Hi-Tech Film Co's Days Payable or its related term are showing as below:

SHSE:688323' s Days Payable Range Over the Past 10 Years
Min: 156.13 Med: 241.44 Max: 333.24
Current: 333.24

During the past 7 years, Rayitek Hi-Tech Film Co's highest Days Payable was 333.24. The lowest was 156.13. And the median was 241.44.

SHSE:688323's Days Payable is ranked better than
95.95% of 2421 companies
in the Hardware industry
Industry Median: 67.83 vs SHSE:688323: 333.24

Rayitek Hi-Tech Film Co's Days Payable increased from Mar. 2023 (360.81) to Mar. 2024 (488.74). It may suggest that Rayitek Hi-Tech Film Co delayed paying its suppliers.

Rayitek Hi-Tech Film Co Days Payable Historical Data

The historical data trend for Rayitek Hi-Tech Film 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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Rayitek Hi-Tech Film Co Days Payable Chart

Rayitek Hi-Tech Film Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

194.72

246.95

235.92

317.45

Rayitek Hi-Tech Film Co Quarterly Data
	Dec18	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															360.81	244.21	278.85	399.22	488.74

Competitive Comparison of Rayitek Hi-Tech Film Co's Days Payable

For the Electronic Components subindustry, Rayitek Hi-Tech Film 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.

Rayitek Hi-Tech Film Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Rayitek Hi-Tech Film Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Rayitek Hi-Tech Film Co's Days Payable falls into.

Rayitek Hi-Tech Film 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.

Rayitek Hi-Tech Film 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
=	( (119.701	+	232.794)	/	2 )	/	202.648	*	365
=	176.2475					/	202.648	*	365
=	317.45

Rayitek Hi-Tech Film 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
=	( (232.794	+	223.492)	/	2 )	/	42.595	*	365 / 4
=	228.143					/	42.595	*	365 / 4
=	488.74

Rayitek Hi-Tech Film Co Days Payable Related Terms

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Rayitek Hi-Tech Film Co (SHSE:688323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Rayitek Hi-Tech Film Co Ltd (SHSE:688323) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Songgang Street Office, Huamei Industrial Park, Baoan District, Guangdong Province, Shenzhen, CHN, 518105

Website

http://www.rayitek.com

Rayitek Hi-Tech Film Co Ltd is engaged in the research and development, production and sales of high-performance PI films. The main product series include thermal control series PI films, electronic series PI films, electrical series PI films, functional PI films and others which are widely used in flexible circuit boards, consumer electronics, high-speed rail transit, wind power generation, 5G communications, flexible displays, aerospace Aviation and other high-tech industries.

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