Shenzhen UTIMES Intelligent Equipment Co (SHSE:688638) Days Payable : 215.31 (As of Jun. 2024)

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What is Shenzhen UTIMES Intelligent Equipment Co Days Payable?

Shenzhen UTIMES Intelligent Equipment Co's average Accounts Payable for the three months ended in Jun. 2024 was ¥347.8 Mil. Shenzhen UTIMES Intelligent Equipment Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥147.4 Mil. Hence, Shenzhen UTIMES Intelligent Equipment Co's Days Payable for the three months ended in Jun. 2024 was 215.31.

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

SHSE:688638' s Days Payable Range Over the Past 10 Years
Min: 231.54 Med: 326.42 Max: 410.59
Current: 279.27

During the past 5 years, Shenzhen UTIMES Intelligent Equipment Co's highest Days Payable was 410.59. The lowest was 231.54. And the median was 326.42.

SHSE:688638's Days Payable is ranked better than
93.85% of 2944 companies
in the Industrial Products industry
Industry Median: 75.425 vs SHSE:688638: 279.27

Shenzhen UTIMES Intelligent Equipment Co's Days Payable declined from Jun. 2023 (252.34) to Jun. 2024 (215.31). It may suggest that Shenzhen UTIMES Intelligent Equipment Co accelerated paying its suppliers.

Shenzhen UTIMES Intelligent Equipment Co Days Payable Historical Data

The historical data trend for Shenzhen UTIMES Intelligent Equipment 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 UTIMES Intelligent Equipment Co Days Payable Chart

Shenzhen UTIMES Intelligent Equipment Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

384.37

231.54

326.42

410.59

239.56

Shenzhen UTIMES Intelligent Equipment Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial									252.34	320.71	234.91	321.75	215.31

Competitive Comparison of Shenzhen UTIMES Intelligent Equipment Co's Days Payable

For the Specialty Industrial Machinery subindustry, Shenzhen UTIMES Intelligent Equipment 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 UTIMES Intelligent Equipment Co's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Shenzhen UTIMES Intelligent Equipment Co's Days Payable falls into.

Shenzhen UTIMES Intelligent Equipment 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 UTIMES Intelligent Equipment 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
=	( (777.444	+	430.525)	/	2 )	/	920.231	*	365
=	603.9845					/	920.231	*	365
=	239.56

Shenzhen UTIMES Intelligent Equipment Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (382.198	+	313.38)	/	2 )	/	147.394	*	365 / 4
=	347.789					/	147.394	*	365 / 4
=	215.31

Shenzhen UTIMES Intelligent Equipment Co Days Payable Related Terms

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Shenzhen UTIMES Intelligent Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen UTIMES Intelligent Equipment Co Ltd (SHSE:688638) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shajing Street, Xinhe Avenue, Floor 1-6, Building M, Licheng Science and Technology Industrial Park, Gonghe Community, Baoan, Guangdong, Shenzhen, CHN, 518000

Website

http://www.utimes.cn

Shenzhen UTIMES Intelligent Equipment Co Ltd is engaged in research & development, production and sales of non-standard automated intelligent assembly equipment and testing equipment. The company's main products are lithium-ion battery intelligent equipment and consumer electronics intelligent manufacturing equipment, which can be widely used in the intelligent production and manufacturing of products in multiple fields such as new energy, automotive electronics, and consumer electronics.

Shenzhen UTIMES Intelligent Equipment Co Headlines

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