Nanjing Quanxin Cable Technology Co (SZSE:300447) Days Payable : 296.82 (As of Mar. 2024)

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What is Nanjing Quanxin Cable Technology Co Days Payable?

Nanjing Quanxin Cable Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥541.7 Mil. Nanjing Quanxin Cable Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥166.5 Mil. Hence, Nanjing Quanxin Cable Technology Co's Days Payable for the three months ended in Mar. 2024 was 296.82.

The historical rank and industry rank for Nanjing Quanxin Cable Technology Co's Days Payable or its related term are showing as below:

SZSE:300447' s Days Payable Range Over the Past 10 Years
Min: 106.44 Med: 191.69 Max: 335.87
Current: 335.87

During the past 13 years, Nanjing Quanxin Cable Technology Co's highest Days Payable was 335.87. The lowest was 106.44. And the median was 191.69.

SZSE:300447's Days Payable is ranked better than
96.29% of 2426 companies
in the Hardware industry
Industry Median: 68.08 vs SZSE:300447: 335.87

Nanjing Quanxin Cable Technology Co's Days Payable increased from Mar. 2023 (289.64) to Mar. 2024 (296.82). It may suggest that Nanjing Quanxin Cable Technology Co delayed paying its suppliers.

Nanjing Quanxin Cable Technology Co Days Payable Historical Data

The historical data trend for Nanjing Quanxin Cable 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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Nanjing Quanxin Cable Technology Co Days Payable Chart

Nanjing Quanxin Cable Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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177.92

219.19

260.65

287.35

313.15

Nanjing Quanxin Cable Technology 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															289.64	367.06	413.28	304.60	296.82

Competitive Comparison of Nanjing Quanxin Cable Technology Co's Days Payable

For the Communication Equipment subindustry, Nanjing Quanxin Cable 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.

Nanjing Quanxin Cable Technology Co's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Nanjing Quanxin Cable Technology Co's Days Payable falls into.

Nanjing Quanxin Cable 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.

Nanjing Quanxin Cable 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
=	( (521.901	+	550.913)	/	2 )	/	625.215	*	365
=	536.407					/	625.215	*	365
=	313.15

Nanjing Quanxin Cable Technology 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
=	( (550.913	+	532.468)	/	2 )	/	166.53	*	365 / 4
=	541.6905					/	166.53	*	365 / 4
=	296.82

Nanjing Quanxin Cable Technology Co Days Payable Related Terms

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Nanjing Quanxin Cable Technology Co (SZSE:300447) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nanjing Quanxin Cable Technology Co Ltd (SZSE:300447) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Hanzhongmen Street, 12th Floor, Building 01, No. 301, Gulou District, Nanjing, CHN, 210036

Website

http://www.qx-kj.com

Nanjing Quanxin Cable Technology Co Ltd is high-tech enterprise specializing in the research and development and production of military photoelectric transmission products and providing technical solutions for photoelectric transmission systems. Its product includes Photoelectric cables and components, Optical devices and modules, Photoelectric control products. Its products cover five major military fields, including aviation, aerospace, shipbuilding, weapons, and electronics.

Executives

Ding Ran	Director
Chen Xiang Lou	Directors, executives
Han Zi Yi	Director
He Liang	Executives
Bian Xiao Ming	Executives
Fang Jin	Directors, executives

Nanjing Quanxin Cable Technology Co (SZSE:300447) Headlines

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