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Suzhou Hengmingda Electronic Technology Co (SZSE:002947) Days Payable : 108.45 (As of Sep. 2024)


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What is Suzhou Hengmingda Electronic Technology Co Days Payable?

Suzhou Hengmingda Electronic Technology Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥573 Mil. Suzhou Hengmingda Electronic Technology Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥482 Mil. Hence, Suzhou Hengmingda Electronic Technology Co's Days Payable for the three months ended in Sep. 2024 was 108.45.

The historical rank and industry rank for Suzhou Hengmingda Electronic Technology Co's Days Payable or its related term are showing as below:

SZSE:002947' s Days Payable Range Over the Past 10 Years
Min: 114.43   Med: 129.92   Max: 160.94
Current: 120.09

During the past 10 years, Suzhou Hengmingda Electronic Technology Co's highest Days Payable was 160.94. The lowest was 114.43. And the median was 129.92.

SZSE:002947's Days Payable is ranked better than
77.21% of 2409 companies
in the Hardware industry
Industry Median: 68.75 vs SZSE:002947: 120.09

Suzhou Hengmingda Electronic Technology Co's Days Payable increased from Sep. 2023 (105.56) to Sep. 2024 (108.45). It may suggest that Suzhou Hengmingda Electronic Technology Co delayed paying its suppliers.


Suzhou Hengmingda Electronic Technology Co Days Payable Historical Data

The historical data trend for Suzhou Hengmingda Electronic Technology 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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Suzhou Hengmingda Electronic Technology Co Days Payable Chart

Suzhou Hengmingda Electronic Technology 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 116.89 143.13 131.12 138.94 128.71

Suzhou Hengmingda Electronic Technology Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 105.56 110.77 130.82 123.19 108.45

Competitive Comparison of Suzhou Hengmingda Electronic Technology Co's Days Payable

For the Electronic Components subindustry, Suzhou Hengmingda Electronic Technology 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.


Suzhou Hengmingda Electronic Technology Co's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Suzhou Hengmingda Electronic Technology Co's Days Payable falls into.



Suzhou Hengmingda Electronic Technology 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.

Suzhou Hengmingda Electronic Technology 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
=( (417.987 + 474.439) / 2 ) / 1265.366*365
=446.213 / 1265.366*365
=128.71

Suzhou Hengmingda Electronic Technology Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

Days Payable (Q: Sep. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2024 ) + Accounts Payable (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (561.847 + 584.718) / 2 ) / 482.368*365 / 4
=573.2825 / 482.368*365 / 4
=108.45

* 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.


Suzhou Hengmingda Electronic Technology Co Days Payable Related Terms

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Suzhou Hengmingda Electronic Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 1568 Shipai Taki Road, Bacheng Town, Jiangsu Province, Kunshan City, CHN, 215312
Suzhou Hengmingda Electronic Technology Co Ltd is a technology company. The company is engaged in the design, development, production and sales of consumer electronic functional devices. The products have been widely used in consumer electronics and components such as mobile phones, tablet computers, notebook computers, smart wearable devices.
Executives
Jing Shi Ping Director
Jing Jing Ping Secretary, Director
Jing Jiang Executives
Qi Jun Directors, executives
Xia Chen Executives
Zhu Xiao Hua Director
Wu Zhi Xing Executives
Jing Tian Ping Directors, executives

Suzhou Hengmingda Electronic Technology Co Headlines

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