Solax Power Network Technology (Zhejiang) Co (SHSE:688717) Days Payable : 117.06 (As of Mar. 2024)

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What is Solax Power Network Technology (Zhejiang) Co Days Payable?

Solax Power Network Technology (Zhejiang) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥526 Mil. Solax Power Network Technology (Zhejiang) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥410 Mil. Hence, Solax Power Network Technology (Zhejiang) Co's Days Payable for the three months ended in Mar. 2024 was 117.06.

The historical rank and industry rank for Solax Power Network Technology (Zhejiang) Co's Days Payable or its related term are showing as below:

SHSE:688717' s Days Payable Range Over the Past 10 Years
Min: 115.99 Med: 213 Max: 303.25
Current: 117.52

During the past 5 years, Solax Power Network Technology (Zhejiang) Co's highest Days Payable was 303.25. The lowest was 115.99. And the median was 213.00.

SHSE:688717's Days Payable is ranked better than
80.73% of 965 companies
in the Semiconductors industry
Industry Median: 51.74 vs SHSE:688717: 117.52

Solax Power Network Technology (Zhejiang) Co's Days Payable increased from Mar. 2023 (98.42) to Mar. 2024 (117.06). It may suggest that Solax Power Network Technology (Zhejiang) Co delayed paying its suppliers.

Solax Power Network Technology (Zhejiang) Co Days Payable Historical Data

The historical data trend for Solax Power Network Technology (Zhejiang) 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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Solax Power Network Technology (Zhejiang) Co Days Payable Chart

Solax Power Network Technology (Zhejiang) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

303.25

260.51

165.48

115.99

Solax Power Network Technology (Zhejiang) Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial							98.42	98.17	188.75	131.22	117.06

Competitive Comparison of Solax Power Network Technology (Zhejiang) Co's Days Payable

For the Solar subindustry, Solax Power Network Technology (Zhejiang) 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.

Solax Power Network Technology (Zhejiang) Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Solax Power Network Technology (Zhejiang) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Solax Power Network Technology (Zhejiang) Co's Days Payable falls into.

Solax Power Network Technology (Zhejiang) 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.

Solax Power Network Technology (Zhejiang) 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
=	( (1275.317	+	433.295)	/	2 )	/	2688.281	*	365
=	854.306					/	2688.281	*	365
=	115.99

Solax Power Network Technology (Zhejiang) 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
=	( (433.295	+	619.223)	/	2 )	/	410.214	*	365 / 4
=	526.259					/	410.214	*	365 / 4
=	117.06

Solax Power Network Technology (Zhejiang) Co Days Payable Related Terms

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Solax Power Network Technology (Zhejiang) Co (SHSE:688717) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solax Power Network Technology (Zhejiang) Co Ltd (SHSE:688717) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 333 Lianhua Street, 9th Floor, Tower C, Lianhua Business Center, Xihu District, Zhejiang Province, Hangzhou, CHN, 310063

Website

https://www.solaxpower.com.cn

Solax Power Network Technology (Zhejiang) Co Ltd is engaged in providing photovoltaic energy storage systems and products.

Solax Power Network Technology (Zhejiang) Co (SHSE:688717) Headlines

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