Forehope Electronic (Ningbo) Co (SHSE:688362) Days Payable : 208.67 (As of Mar. 2024)

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What is Forehope Electronic (Ningbo) Co Days Payable?

Forehope Electronic (Ningbo) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,425 Mil. Forehope Electronic (Ningbo) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥623 Mil. Hence, Forehope Electronic (Ningbo) Co's Days Payable for the three months ended in Mar. 2024 was 208.67.

The historical rank and industry rank for Forehope Electronic (Ningbo) Co's Days Payable or its related term are showing as below:

SHSE:688362' s Days Payable Range Over the Past 10 Years
Min: 129.16 Med: 177.57 Max: 809.53
Current: 182.87

During the past 6 years, Forehope Electronic (Ningbo) Co's highest Days Payable was 809.53. The lowest was 129.16. And the median was 177.57.

SHSE:688362's Days Payable is ranked better than
89.65% of 966 companies
in the Semiconductors industry
Industry Median: 51.69 vs SHSE:688362: 182.87

Forehope Electronic (Ningbo) Co's Days Payable increased from Mar. 2023 (151.33) to Mar. 2024 (208.67). It may suggest that Forehope Electronic (Ningbo) Co delayed paying its suppliers.

Forehope Electronic (Ningbo) Co Days Payable Historical Data

The historical data trend for Forehope Electronic (Ningbo) 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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Forehope Electronic (Ningbo) Co Days Payable Chart

Forehope Electronic (Ningbo) Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

309.07

168.84

129.16

177.57

Forehope Electronic (Ningbo) Co Quarterly Data
	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial													151.33	150.40	189.99	187.06	208.67

Competitive Comparison of Forehope Electronic (Ningbo) Co's Days Payable

For the Semiconductors subindustry, Forehope Electronic (Ningbo) 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.

Forehope Electronic (Ningbo) Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Forehope Electronic (Ningbo) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Forehope Electronic (Ningbo) Co's Days Payable falls into.

Forehope Electronic (Ningbo) 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.

Forehope Electronic (Ningbo) 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
=	( (640.484	+	1362.337)	/	2 )	/	2058.473	*	365
=	1001.4105					/	2058.473	*	365
=	177.57

Forehope Electronic (Ningbo) 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
=	( (1362.337	+	1487.992)	/	2 )	/	623.228	*	365 / 4
=	1425.1645					/	623.228	*	365 / 4
=	208.67

Forehope Electronic (Ningbo) Co Days Payable Related Terms

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Forehope Electronic (Ningbo) Co (SHSE:688362) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Forehope Electronic (Ningbo) Co Ltd (SHSE:688362) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 22, Xingshun Road, Zhongyi Ningbo Ecological Park, Zhejiang Province, Yuyao, CHN, 315400

Website

http://www.forehope-elec.com

Forehope Electronic (Ningbo) Co Ltd is engaged in the packaging and testing of integrated circuits.

Executives

Li Da Lin	senior management
He Zheng Hong	Core technical personnel

Forehope Electronic (Ningbo) Co (SHSE:688362) Headlines

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