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Changzhou Galaxy Century Microelectronics Co (SHSE:688689) Days Payable : 127.97 (As of Mar. 2024)


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What is Changzhou Galaxy Century Microelectronics Co Days Payable?

Changzhou Galaxy Century Microelectronics Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥198.6 Mil. Changzhou Galaxy Century Microelectronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥141.6 Mil. Hence, Changzhou Galaxy Century Microelectronics Co's Days Payable for the three months ended in Mar. 2024 was 127.97.

The historical rank and industry rank for Changzhou Galaxy Century Microelectronics Co's Days Payable or its related term are showing as below:

SHSE:688689' s Days Payable Range Over the Past 10 Years
Min: 89.95   Med: 147.26   Max: 172.54
Current: 121.91

During the past 10 years, Changzhou Galaxy Century Microelectronics Co's highest Days Payable was 172.54. The lowest was 89.95. And the median was 147.26.

SHSE:688689's Days Payable is ranked better than
82.05% of 964 companies
in the Semiconductors industry
Industry Median: 51.69 vs SHSE:688689: 121.91

Changzhou Galaxy Century Microelectronics Co's Days Payable declined from Mar. 2023 (144.10) to Mar. 2024 (127.97). It may suggest that Changzhou Galaxy Century Microelectronics Co accelerated paying its suppliers.


Changzhou Galaxy Century Microelectronics Co Days Payable Historical Data

The historical data trend for Changzhou Galaxy Century Microelectronics 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.

Changzhou Galaxy Century Microelectronics Co Days Payable Chart

Changzhou Galaxy Century Microelectronics Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 150.21 151.53 151.88 172.54 142.12

Changzhou Galaxy Century Microelectronics Co Quarterly Data
Mar19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 144.10 105.63 122.30 146.52 127.97

Competitive Comparison of Changzhou Galaxy Century Microelectronics Co's Days Payable

For the Semiconductors subindustry, Changzhou Galaxy Century Microelectronics 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.


Changzhou Galaxy Century Microelectronics Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Changzhou Galaxy Century Microelectronics Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Changzhou Galaxy Century Microelectronics Co's Days Payable falls into.



Changzhou Galaxy Century Microelectronics 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.

Changzhou Galaxy Century Microelectronics 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
=( (188.435 + 209.604) / 2 ) / 511.122*365
=199.0195 / 511.122*365
=142.12

Changzhou Galaxy Century Microelectronics 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
=( (209.604 + 187.616) / 2 ) / 141.62*365 / 4
=198.61 / 141.62*365 / 4
=127.97

* 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.


Changzhou Galaxy Century Microelectronics Co Days Payable Related Terms

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Changzhou Galaxy Century Microelectronics Co (SHSE:688689) Business Description

Traded in Other Exchanges
N/A
Address
19 Changjiang North Road, Xinbei District, Jiangsu Province, Changzhou, CHN, 213022
Changzhou Galaxy Century Microelectronics Co Ltd is primarily involved in the research and design, chip manufacturing, packaging and testing, sales and technical services for diode, triode, bridge rectifier and other semiconductor discrete devices. The company's products have been widely used in household appliances, power and chargers, green lighting, network and communications, automotive electronics, smart meters and instruments.
Executives
Jia Dong Qing Core technical personnel

Changzhou Galaxy Century Microelectronics Co (SHSE:688689) Headlines

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