Hefei Chipmore Technology Co (SHSE:688352) Days Payable : 176.41 (As of Mar. 2024)

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What is Hefei Chipmore Technology Co Days Payable?

Hefei Chipmore Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥568 Mil. Hefei Chipmore Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥294 Mil. Hence, Hefei Chipmore Technology Co's Days Payable for the three months ended in Mar. 2024 was 176.41.

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

SHSE:688352' s Days Payable Range Over the Past 10 Years
Min: 63.58 Med: 103.67 Max: 156.02
Current: 132

During the past 5 years, Hefei Chipmore Technology Co's highest Days Payable was 156.02. The lowest was 63.58. And the median was 103.67.

SHSE:688352's Days Payable is ranked better than
83.73% of 965 companies
in the Semiconductors industry
Industry Median: 51.74 vs SHSE:688352: 132.00

Hefei Chipmore Technology Co's Days Payable increased from Mar. 2023 (83.72) to Mar. 2024 (176.41). It may suggest that Hefei Chipmore Technology Co delayed paying its suppliers.

Hefei Chipmore Technology Co Days Payable Historical Data

The historical data trend for Hefei Chipmore 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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Hefei Chipmore Technology Co Days Payable Chart

Hefei Chipmore Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

156.02

103.67

63.58

83.20

126.09

Hefei Chipmore Technology Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial								83.72	62.58	118.31	159.05	176.41

Competitive Comparison of Hefei Chipmore Technology Co's Days Payable

For the Semiconductor Equipment & Materials subindustry, Hefei Chipmore 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.

Hefei Chipmore Technology Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Hefei Chipmore Technology Co's Days Payable distribution charts can be found below:

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

Hefei Chipmore 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.

Hefei Chipmore 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
=	( (230.956	+	492.673)	/	2 )	/	1047.399	*	365
=	361.8145					/	1047.399	*	365
=	126.09

Hefei Chipmore 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
=	( (492.673	+	642.81)	/	2 )	/	293.675	*	365 / 4
=	567.7415					/	293.675	*	365 / 4
=	176.41

Hefei Chipmore Technology Co Days Payable Related Terms

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Hefei Chipmore Technology Co (SHSE:688352) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Hefei Chipmore Technology Co Ltd (SHSE:688352) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Comprehensive Free Trade Zone, Xinzhan District, Anhui Province, Hefei, CHN, 230011

Website

https://www.chipmore.com.cn

Hefei Chipmore Technology Co Ltd is a high-end advanced packaging and testing service provider for integrated circuits. It can provide customers with a full range of comprehensive integrated circuit packaging and testing services, covering display driver chips, power management chips, RF front-end chips and other products.

Executives

Wang Xiao Feng

Core technical personnel

Hefei Chipmore Technology Co (SHSE:688352) Headlines

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