Shenzhen SEICHI Technologies Co (SHSE:688627) Days Payable : 331.67 (As of Mar. 2024)

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What is Shenzhen SEICHI Technologies Co Days Payable?

Shenzhen SEICHI Technologies Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥200.9 Mil. Shenzhen SEICHI Technologies Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥55.3 Mil. Hence, Shenzhen SEICHI Technologies Co's Days Payable for the three months ended in Mar. 2024 was 331.67.

The historical rank and industry rank for Shenzhen SEICHI Technologies Co's Days Payable or its related term are showing as below:

SHSE:688627' s Days Payable Range Over the Past 10 Years
Min: 43.93 Med: 198.48 Max: 213.49
Current: 196.19

During the past 7 years, Shenzhen SEICHI Technologies Co's highest Days Payable was 213.49. The lowest was 43.93. And the median was 198.48.

SHSE:688627's Days Payable is ranked better than
85.93% of 2936 companies
in the Industrial Products industry
Industry Median: 76.415 vs SHSE:688627: 196.19

Shenzhen SEICHI Technologies Co's Days Payable declined from Mar. 2023 (666.51) to Mar. 2024 (331.67). It may suggest that Shenzhen SEICHI Technologies Co accelerated paying its suppliers.

Shenzhen SEICHI Technologies Co Days Payable Historical Data

The historical data trend for Shenzhen SEICHI Technologies 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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Shenzhen SEICHI Technologies Co Days Payable Chart

Shenzhen SEICHI Technologies Co Annual Data

Trend

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

60.30

213.49

193.92

207.89

206.73

Shenzhen SEICHI Technologies Co Quarterly Data
	Dec13	Dec14	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial										666.51	167.75	299.61	127.39	331.67

Competitive Comparison of Shenzhen SEICHI Technologies Co's Days Payable

For the Specialty Industrial Machinery subindustry, Shenzhen SEICHI Technologies 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.

Shenzhen SEICHI Technologies Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenzhen SEICHI Technologies Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenzhen SEICHI Technologies Co's Days Payable falls into.

Shenzhen SEICHI Technologies 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.

Shenzhen SEICHI Technologies 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
=	( (235.732	+	202.345)	/	2 )	/	386.741	*	365
=	219.0385					/	386.741	*	365
=	206.73

Shenzhen SEICHI Technologies 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
=	( (202.345	+	199.457)	/	2 )	/	55.273	*	365 / 4
=	200.901					/	55.273	*	365 / 4
=	331.67

Shenzhen SEICHI Technologies Co Days Payable Related Terms

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Shenzhen SEICHI Technologies Co (SHSE:688627) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen SEICHI Technologies Co Ltd (SHSE:688627) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Longhua Street, East of 1st Floor, Building D, 101 Industrial Park, No. 1 Fuanna Company, Qinghu Village, Longhua, Qinghu, Guangdong, Shenzhen, CHN, 518110

Website

http://www.seichitech.com

Shenzhen SEICHI Technologies Co Ltd is a provider of testing equipment and system solution. It is mainly engaged in research, development, production and sales of new display device testing equipment. Detection and calibration repair, and gradually extended to the field of semiconductor storage device testing equipment, related products are used in wafer testing, packaging testing and aging repair of semiconductor storage devices represented by DRAM.

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