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Guangdong Skychem Technology Co (SHSE:688603) Days Payable : 36.06 (As of Sep. 2024)


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What is Guangdong Skychem Technology Co Days Payable?

Guangdong Skychem Technology Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥23.7 Mil. Guangdong Skychem Technology Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥60.1 Mil. Hence, Guangdong Skychem Technology Co's Days Payable for the three months ended in Sep. 2024 was 36.06.

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

SHSE:688603' s Days Payable Range Over the Past 10 Years
Min: 19.95   Med: 23.15   Max: 35.36
Current: 28.94

During the past 5 years, Guangdong Skychem Technology Co's highest Days Payable was 35.36. The lowest was 19.95. And the median was 23.15.

SHSE:688603's Days Payable is ranked worse than
81.5% of 1503 companies
in the Chemicals industry
Industry Median: 60.18 vs SHSE:688603: 28.94

Guangdong Skychem Technology Co's Days Payable increased from Sep. 2023 (19.84) to Sep. 2024 (36.06). It may suggest that Guangdong Skychem Technology Co delayed paying its suppliers.


Guangdong Skychem Technology Co Days Payable Historical Data

The historical data trend for Guangdong Skychem 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.

* Premium members only.

Guangdong Skychem Technology Co Days Payable Chart

Guangdong Skychem Technology Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
35.36 19.95 - 20.93 25.36

Guangdong Skychem Technology Co Quarterly Data
Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.84 21.42 27.60 28.73 36.06

Competitive Comparison of Guangdong Skychem Technology Co's Days Payable

For the Specialty Chemicals subindustry, Guangdong Skychem 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.


Guangdong Skychem Technology Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Guangdong Skychem Technology Co's Days Payable distribution charts can be found below:

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



Guangdong Skychem 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.

Guangdong Skychem 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
=( (14.708 + 15.574) / 2 ) / 217.915*365
=15.141 / 217.915*365
=25.36

Guangdong Skychem Technology Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

Days Payable (Q: Sep. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2024 ) + Accounts Payable (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (21.965 + 25.516) / 2 ) / 60.08*365 / 4
=23.7405 / 60.08*365 / 4
=36.06

* 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.


Guangdong Skychem Technology Co Days Payable Related Terms

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Guangdong Skychem Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 280, Hualian 3rd Road, Nanshui Town, Jinwan, Guangdong, Zhuhai, CHN, 519000
Guangdong Skychem Technology Co Ltd is engaged in the research & development, production and sales of special electronic chemicals required by PCB. As a substrate for assembling electronic components and chip packaging, PCB is a key electronic interconnection of electronic products.
Executives
Li Xiao Hong Supervisors
Wang Xiao Hua senior management
Dong Jin Hua Supervisors
Tong Mao Jun Director

Guangdong Skychem Technology Co Headlines

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