Lingyi Itech (Guangdong) Co (SZSE:002600) Days Payable : 84.54 (As of Mar. 2024)

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What is Lingyi Itech (Guangdong) Co Days Payable?

Lingyi Itech (Guangdong) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥7,718 Mil. Lingyi Itech (Guangdong) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥8,331 Mil. Hence, Lingyi Itech (Guangdong) Co's Days Payable for the three months ended in Mar. 2024 was 84.54.

The historical rank and industry rank for Lingyi Itech (Guangdong) Co's Days Payable or its related term are showing as below:

SZSE:002600' s Days Payable Range Over the Past 10 Years
Min: 56.78 Med: 101.77 Max: 199.35
Current: 85.37

During the past 13 years, Lingyi Itech (Guangdong) Co's highest Days Payable was 199.35. The lowest was 56.78. And the median was 101.77.

SZSE:002600's Days Payable is ranked better than
62.89% of 2425 companies
in the Hardware industry
Industry Median: 68.07 vs SZSE:002600: 85.37

Lingyi Itech (Guangdong) Co's Days Payable declined from Mar. 2023 (99.18) to Mar. 2024 (84.54). It may suggest that Lingyi Itech (Guangdong) Co accelerated paying its suppliers.

Lingyi Itech (Guangdong) Co Days Payable Historical Data

The historical data trend for Lingyi Itech (Guangdong) 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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Lingyi Itech (Guangdong) Co Days Payable Chart

Lingyi Itech (Guangdong) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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130.09

119.50

110.51

100.67

100.12

Lingyi Itech (Guangdong) 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															99.18	84.95	87.09	91.25	84.54

Competitive Comparison of Lingyi Itech (Guangdong) Co's Days Payable

For the Electronic Components subindustry, Lingyi Itech (Guangdong) 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.

Lingyi Itech (Guangdong) Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Lingyi Itech (Guangdong) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Lingyi Itech (Guangdong) Co's Days Payable falls into.

Lingyi Itech (Guangdong) 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.

Lingyi Itech (Guangdong) 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
=	( (6959.57	+	8027.058)	/	2 )	/	27319.096	*	365
=	7493.314					/	27319.096	*	365
=	100.12

Lingyi Itech (Guangdong) 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
=	( (8027.058	+	7408.443)	/	2 )	/	8330.787	*	365 / 4
=	7717.7505					/	8330.787	*	365 / 4
=	84.54

Lingyi Itech (Guangdong) Co Days Payable Related Terms

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Lingyi Itech (Guangdong) Co (SZSE:002600) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lingyi Itech (Guangdong) Co Ltd (SZSE:002600) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Longwan Road, GuangDong Province, Jiangmen, CHN, 529000

Website

http://www.lingyiitech.com

Lingyi Itech (Guangdong) Co Ltd is a Chinese company that manufactures magnetic materials, precision components and modules, precision structural parts, liquid crystal display modules, capacitive touch screens, wire and cable, motors, trade logistics, and supply chain finance. Its products are used in consumer electronics, automotive control, smart security, smart wear, smart home, new materials, new energy vehicles and other fields.

Executives

Liu Jian Feng	Supervisors
Fan Wei	Supervisors
Tan Jun	Director
Li Xue Hua	Supervisors
Li Xiao Qing	Executives
Cheng Xin	Independent director
Chen Guo Shi	Director
Cao Yun	Director
Liu Ji Wen	Supervisors
Li Zhong Xuan	Independent director
Wang Yan	Executives
Wang Nan Dong	Directors, executives
Zhou Zhan Feng	Directors, Directors, and Executives
Liu Gang	Directors, executives
Wu Jie	Directors, executives

Lingyi Itech (Guangdong) Co (SZSE:002600) Headlines

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