Hi-Trend Technology (Shanghai) Co (SHSE:688391) Days Payable : 68.71 (As of Mar. 2024)

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What is Hi-Trend Technology (Shanghai) Co Days Payable?

Hi-Trend Technology (Shanghai) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥55.0 Mil. Hi-Trend Technology (Shanghai) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥73.0 Mil. Hence, Hi-Trend Technology (Shanghai) Co's Days Payable for the three months ended in Mar. 2024 was 68.71.

The historical rank and industry rank for Hi-Trend Technology (Shanghai) Co's Days Payable or its related term are showing as below:

SHSE:688391' s Days Payable Range Over the Past 10 Years
Min: 67.15 Med: 73.39 Max: 99.2
Current: 78.56

During the past 13 years, Hi-Trend Technology (Shanghai) Co's highest Days Payable was 99.20. The lowest was 67.15. And the median was 73.39.

SHSE:688391's Days Payable is ranked better than
70.05% of 965 companies
in the Semiconductors industry
Industry Median: 51.64 vs SHSE:688391: 78.56

Hi-Trend Technology (Shanghai) Co's Days Payable declined from Mar. 2023 (167.06) to Mar. 2024 (68.71). It may suggest that Hi-Trend Technology (Shanghai) Co accelerated paying its suppliers.

Hi-Trend Technology (Shanghai) Co Days Payable Historical Data

The historical data trend for Hi-Trend Technology (Shanghai) 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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Hi-Trend Technology (Shanghai) Co Days Payable Chart

Hi-Trend Technology (Shanghai) Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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72.61

74.17

69.22

91.86

99.20

Hi-Trend Technology (Shanghai) Co Quarterly Data
	Dec14	Jun15	Dec15	Dec16	Jun17	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															167.06	94.68	62.02	63.68	68.71

Competitive Comparison of Hi-Trend Technology (Shanghai) Co's Days Payable

For the Semiconductors subindustry, Hi-Trend Technology (Shanghai) 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.

Hi-Trend Technology (Shanghai) Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Hi-Trend Technology (Shanghai) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hi-Trend Technology (Shanghai) Co's Days Payable falls into.

Hi-Trend Technology (Shanghai) 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.

Hi-Trend Technology (Shanghai) 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
=	( (113.625	+	51.407)	/	2 )	/	303.605	*	365
=	82.516					/	303.605	*	365
=	99.20

Hi-Trend Technology (Shanghai) 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
=	( (51.407	+	58.546)	/	2 )	/	73.009	*	365 / 4
=	54.9765					/	73.009	*	365 / 4
=	68.71

Hi-Trend Technology (Shanghai) Co Days Payable Related Terms

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Hi-Trend Technology (Shanghai) Co (SHSE:688391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Hi-Trend Technology (Shanghai) Co Ltd (SHSE:688391) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1388 Zhangdong Road, Room 101, Building 16, Pilot Free Trade Zone, Shanghai, CHN, 201203

Website

https://www.hitrendtech.com

Hi-Trend Technology (Shanghai) Co Ltd is engaged in the research and development, design and sales of smart grid terminal equipment chips.

Executives

Yang Shi Cong	Director
Zhang Xu Ming	Senior management, core technical personnel
Zheng Wen Chang	senior management
Wang Yong	Core technical personnel

Hi-Trend Technology (Shanghai) Co (SHSE:688391) Headlines

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