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Gettop Acoustic Co (SZSE:002655) Days Payable : 211.72 (As of Mar. 2024)


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What is Gettop Acoustic Co Days Payable?

Gettop Acoustic Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥430 Mil. Gettop Acoustic Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥185 Mil. Hence, Gettop Acoustic Co's Days Payable for the three months ended in Mar. 2024 was 211.72.

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

SZSE:002655' s Days Payable Range Over the Past 10 Years
Min: 116.85   Med: 156.57   Max: 178.73
Current: 178.73

During the past 13 years, Gettop Acoustic Co's highest Days Payable was 178.73. The lowest was 116.85. And the median was 156.57.

SZSE:002655's Days Payable is ranked better than
88.43% of 2421 companies
in the Hardware industry
Industry Median: 67.89 vs SZSE:002655: 178.73

Gettop Acoustic Co's Days Payable increased from Mar. 2023 (201.32) to Mar. 2024 (211.72). It may suggest that Gettop Acoustic Co delayed paying its suppliers.


Gettop Acoustic Co Days Payable Historical Data

The historical data trend for Gettop Acoustic 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.

Gettop Acoustic Co Days Payable Chart

Gettop Acoustic 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 158.83 135.79 154.31 127.12 171.15

Gettop Acoustic 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 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 201.32 97.48 100.36 - 211.72

Competitive Comparison of Gettop Acoustic Co's Days Payable

For the Electronic Components subindustry, Gettop Acoustic 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.


Gettop Acoustic Co's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Gettop Acoustic Co's Days Payable falls into.



Gettop Acoustic 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.

Gettop Acoustic 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
=( (275.624 + 414.671) / 2 ) / 736.091*365
=345.1475 / 736.091*365
=171.15

Gettop Acoustic 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
=( (414.671 + 444.436) / 2 ) / 185.131*365 / 4
=429.5535 / 185.131*365 / 4
=211.72

* 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.


Gettop Acoustic Co Days Payable Related Terms

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Gettop Acoustic Co (SZSE:002655) Business Description

Traded in Other Exchanges
N/A
Address
No. 68, Fengshan Road, Fangzi District, Shandong Province, Weifang, CHN
Gettop Acoustic Co Ltd is a manufacturer of electro-acoustic components and assemblies as well as a provider of complete electro-acoustic solutions. The company is mainly focusing on the manufacturing miniature microphone, micro speaker/receiver and module products. These products are widely used in mobile communication devices, portable PC, flat panel TV, personal digital device, car kits, and other consumer electronics. The company has an operational presence across Canada, United States of America, Denmark, Finland, Brazil, Japan, Germany, among others.
Executives
Zhang Diao Zhan Director
Yang Zhi Yong Supervisors
Zhang Lin Lin Director
Wang Pei Sen Supervisors
Yang Jin Jun Director
Yang Xu Guang Supervisors
Zhao Du Ren Director

Gettop Acoustic Co (SZSE:002655) Headlines

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