Ingdan (STU:7C3) Days Payable : 148.90 (As of Dec. 2023)

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What is Ingdan Days Payable?

Ingdan's average Accounts Payable for the six months ended in Dec. 2023 was €467 Mil. Ingdan's Cost of Goods Sold for the six months ended in Dec. 2023 was €572 Mil. Hence, Ingdan's Days Payable for the six months ended in Dec. 2023 was 148.90.

The historical rank and industry rank for Ingdan's Days Payable or its related term are showing as below:

STU:7C3' s Days Payable Range Over the Past 10 Years
Min: 22.81 Med: 35.5 Max: 165.8
Current: 165.8

During the past 11 years, Ingdan's highest Days Payable was 165.80. The lowest was 22.81. And the median was 35.50.

STU:7C3's Days Payable is ranked better than
87.24% of 2421 companies
in the Hardware industry
Industry Median: 67.89 vs STU:7C3: 165.80

Ingdan's Days Payable increased from Dec. 2022 (100.71) to Dec. 2023 (148.90). It may suggest that Ingdan delayed paying its suppliers.

Ingdan Days Payable Historical Data

The historical data trend for Ingdan'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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Ingdan Days Payable Chart

Ingdan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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45.44

45.63

53.50

116.92

157.96

Ingdan Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															52.58	66.68	100.71	203.21	148.90

Competitive Comparison of Ingdan's Days Payable

For the Electronics & Computer Distribution subindustry, Ingdan'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.

Ingdan's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ingdan's Days Payable distribution charts can be found below:

* The bar in red indicates where Ingdan's Days Payable falls into.

Ingdan 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.

Ingdan'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
=	( (454.098	+	416.643)	/	2 )	/	1006.034	*	365
=	435.3705					/	1006.034	*	365
=	157.96

Ingdan's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (516.392	+	416.643)	/	2 )	/	571.801	*	365 / 2
=	466.5175					/	571.801	*	365 / 2
=	148.90

Ingdan Days Payable Related Terms

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Ingdan (STU:7C3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ingdan Inc (STU:7C3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

00400:Hong Kong 7C3:Germany

Address

No. 55 Gaoxin South 9th Road, 11th Floor, Microsoft Comtech Tower, Nanshan, Shenzhen, CHN, 518057

Website

https://ingdangroup.com

Ingdan Inc provides a technology services platform (iPaaS) serving the global integrated circuits chips industry and AIoT ecosystem in China. The Group operates under a dual-platform model, Comtech, a technology services platform for the chip industry, and Ingdan, a platform providing AIoT technology and services. The two platforms form the Comtech plus Ingdan development model, serving the chip-device-cloud AIoT industry chain, so as to provide technical integration solutions, marketing solutions, and distribution services to customers.

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