Shenzhen Refond Optoelectronics Co (SZSE:300241) Days Payable : 264.22 (As of Mar. 2024)

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What is Shenzhen Refond Optoelectronics Co Days Payable?

Shenzhen Refond Optoelectronics Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥732 Mil. Shenzhen Refond Optoelectronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥253 Mil. Hence, Shenzhen Refond Optoelectronics Co's Days Payable for the three months ended in Mar. 2024 was 264.22.

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

SZSE:300241' s Days Payable Range Over the Past 10 Years
Min: 171.63 Med: 203.06 Max: 279.14
Current: 250.33

During the past 13 years, Shenzhen Refond Optoelectronics Co's highest Days Payable was 279.14. The lowest was 171.63. And the median was 203.06.

SZSE:300241's Days Payable is ranked better than
93.58% of 965 companies
in the Semiconductors industry
Industry Median: 51.92 vs SZSE:300241: 250.33

Shenzhen Refond Optoelectronics Co's Days Payable increased from Mar. 2023 (263.55) to Mar. 2024 (264.22). It may suggest that Shenzhen Refond Optoelectronics Co delayed paying its suppliers.

Shenzhen Refond Optoelectronics Co Days Payable Historical Data

The historical data trend for Shenzhen Refond Optoelectronics 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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Shenzhen Refond Optoelectronics Co Days Payable Chart

Shenzhen Refond Optoelectronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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217.36

203.76

177.50

251.50

279.14

Shenzhen Refond Optoelectronics 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															263.55	220.37	263.70	301.64	264.22

Competitive Comparison of Shenzhen Refond Optoelectronics Co's Days Payable

For the Semiconductors subindustry, Shenzhen Refond Optoelectronics 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.

Shenzhen Refond Optoelectronics Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Shenzhen Refond Optoelectronics Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenzhen Refond Optoelectronics Co's Days Payable falls into.

Shenzhen Refond Optoelectronics 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.

Shenzhen Refond Optoelectronics 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
=	( (847.151	+	877.044)	/	2 )	/	1127.265	*	365
=	862.0975					/	1127.265	*	365
=	279.14

Shenzhen Refond Optoelectronics 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
=	( (877.044	+	587.382)	/	2 )	/	252.878	*	365 / 4
=	732.213					/	252.878	*	365 / 4
=	264.22

Shenzhen Refond Optoelectronics Co Days Payable Related Terms

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Shenzhen Refond Optoelectronics Co (SZSE:300241) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shenzhen Refond Optoelectronics Co Ltd (SZSE:300241) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tenth Industrial Zone, Tianyu Community, Gongming Office, 6th Floor, Building 1, Guangming New District, Guangdong, Shenzhen, CHN, 518057

Website

http://www.refond.com

Shenzhen Refond Optoelectronics Co Ltd is a Chinese company principally engaged in offering lighting solutions. In produces and sells UV modules and components, automotive modules and components, LED special application modules, general and special lighting modules, indoor and outdoor lightings, Chip LEDs, TOP LEDs, Power LEDs, among others. The company's products are sold in China and other countries.

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