ComNav Technology (SHSE:688592) Days Payable : 327.30 (As of Mar. 2024)

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What is ComNav Technology Days Payable?

ComNav Technology's average Accounts Payable for the three months ended in Mar. 2024 was ¥59.5 Mil. ComNav Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥16.6 Mil. Hence, ComNav Technology's Days Payable for the three months ended in Mar. 2024 was 327.30.

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

SHSE:688592' s Days Payable Range Over the Past 10 Years
Min: 48.33 Med: 74.9 Max: 99.9
Current: 73.59

During the past 7 years, ComNav Technology's highest Days Payable was 99.90. The lowest was 48.33. And the median was 74.90.

SHSE:688592's Days Payable is ranked better than
54.78% of 2426 companies
in the Hardware industry
Industry Median: 68.08 vs SHSE:688592: 73.59

ComNav Technology's Days Payable increased from Mar. 2023 (253.71) to Mar. 2024 (327.30). It may suggest that ComNav Technology delayed paying its suppliers.

ComNav Technology Days Payable Historical Data

The historical data trend for ComNav Technology'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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ComNav Technology Days Payable Chart

ComNav Technology Annual Data

Trend

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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48.33

80.78

99.90

93.39

ComNav Technology Quarterly Data
	Dec13	Dec14	Mar15	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial									253.71	63.23	137.09	32.40	327.30

Competitive Comparison of ComNav Technology's Days Payable

For the Communication Equipment subindustry, ComNav Technology'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.

ComNav Technology's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, ComNav Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where ComNav Technology's Days Payable falls into.

ComNav Technology 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.

ComNav Technology'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
=	( (39.406	+	61.385)	/	2 )	/	196.97	*	365
=	50.3955					/	196.97	*	365
=	93.39

ComNav Technology'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
=	( (61.385	+	57.576)	/	2 )	/	16.583	*	365 / 4
=	59.4805					/	16.583	*	365 / 4
=	327.30

ComNav Technology Days Payable Related Terms

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ComNav Technology (SHSE:688592) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ComNav Technology Ltd (SHSE:688592) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 618 Chengliu Middle Road, 3rd Floor, Building 2, Malu Town, Jiading District, Shanghai, CHN, 201801

Website

https://www.sinognss.com

ComNav Technology Ltd is engaged in the research and development of high-precision satellite navigation dedicated chips and differential positioning (RTK) technology.

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