OFILM Group Co (SZSE:002456) Days Payable : 155.46 (As of Mar. 2024)

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What is OFILM Group Co Days Payable?

OFILM Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥7,085 Mil. OFILM Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,159 Mil. Hence, OFILM Group Co's Days Payable for the three months ended in Mar. 2024 was 155.46.

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

SZSE:002456' s Days Payable Range Over the Past 10 Years
Min: 74.46 Med: 111.08 Max: 149.88
Current: 131.18

During the past 13 years, OFILM Group Co's highest Days Payable was 149.88. The lowest was 74.46. And the median was 111.08.

SZSE:002456's Days Payable is ranked better than
80.63% of 2421 companies
in the Hardware industry
Industry Median: 67.89 vs SZSE:002456: 131.18

OFILM Group Co's Days Payable declined from Mar. 2023 (165.57) to Mar. 2024 (155.46). It may suggest that OFILM Group Co accelerated paying its suppliers.

OFILM Group Co Days Payable Historical Data

The historical data trend for OFILM Group 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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OFILM Group Co Days Payable Chart

OFILM Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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87.07

85.69

119.18

123.41

149.88

OFILM Group Co Quarterly Data
	Jun19	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															165.57	135.69	130.99	115.46	155.46

Competitive Comparison of OFILM Group Co's Days Payable

For the Electronic Components subindustry, OFILM Group 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.

OFILM Group Co's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where OFILM Group Co's Days Payable falls into.

OFILM Group 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.

OFILM Group 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
=	( (5122.768	+	7338.325)	/	2 )	/	15173.059	*	365
=	6230.5465					/	15173.059	*	365
=	149.88

OFILM Group 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
=	( (7338.325	+	6831.874)	/	2 )	/	4158.622	*	365 / 4
=	7085.0995					/	4158.622	*	365 / 4
=	155.46

OFILM Group Co Days Payable Related Terms

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OFILM Group Co (SZSE:002456) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » OFILM Group Co Ltd (SZSE:002456) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Huafa Road, Songbai Road, Gongming Street, Oufeiguang Science and Technology Park, Guangming New District, Guangdong, Baoan District, Shenzhen, CHN, 518107

Website

http://www.ofilm.com

OFILM Group Co Ltd manufactures precision optics and optoelectronics films. The company's products include a touch panel module, a fingerprint recognition module, and electronic products of the intelligent vehicle among others. Its products are used in the smartphone, tablet PC, smart car, and wearable electronics. The firm has branches in China, the United States, Japan, South Korea, and Europe.

Executives

Li Yun	Supervisors
Liu Xiao Chen	Directors, executives
Li Ying Ping	Executives
Ye Qing Biao	Executives
Hai Jiang	Directors, executives
Huang Li Hui	Directors, executives
Luo Yong Hui	Supervisors
Yin Yun Yun	Executives
Zhou Liang	Directors, executives
Tan Zhen Lin	Executives
Yao Fei	Executives
Ceng Zhao Hao	Executives
Cai Xue Peng	Directors, executives
Lin Hong Ping	Supervisors
Shen Cheng Zhe	Executives

OFILM Group Co (SZSE:002456) Headlines

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