Optics Technology Holding Co (SZSE:300489) Days Payable : 215.61 (As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Optics Technology Holding Co Days Payable?

Optics Technology Holding Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥439 Mil. Optics Technology Holding Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥186 Mil. Hence, Optics Technology Holding Co's Days Payable for the three months ended in Mar. 2024 was 215.61.

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

SZSE:300489' s Days Payable Range Over the Past 10 Years
Min: 41.1 Med: 116.96 Max: 271.37
Current: 184.31

During the past 13 years, Optics Technology Holding Co's highest Days Payable was 271.37. The lowest was 41.10. And the median was 116.96.

SZSE:300489's Days Payable is ranked better than
55.36% of 1064 companies
in the Metals & Mining industry
Industry Median: 130.44 vs SZSE:300489: 184.31

Optics Technology Holding Co's Days Payable increased from Mar. 2023 (140.10) to Mar. 2024 (215.61). It may suggest that Optics Technology Holding Co delayed paying its suppliers.

Optics Technology Holding Co Days Payable Historical Data

The historical data trend for Optics Technology Holding 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.

Optics Technology Holding Co Days Payable Chart

Optics Technology Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

70.89

41.10

74.88

99.22

157.09

Optics Technology Holding 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															140.10	182.17	205.87	162.39	215.61

Competitive Comparison of Optics Technology Holding Co's Days Payable

For the Aluminum subindustry, Optics Technology Holding 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.

Optics Technology Holding Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Optics Technology Holding Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Optics Technology Holding Co's Days Payable falls into.

Optics Technology Holding 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.

Optics Technology Holding 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
=	( (235.207	+	474.509)	/	2 )	/	824.532	*	365
=	354.858					/	824.532	*	365
=	157.09

Optics Technology Holding 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
=	( (474.509	+	404.242)	/	2 )	/	185.955	*	365 / 4
=	439.3755					/	185.955	*	365 / 4
=	215.61

Optics Technology Holding Co Days Payable Related Terms

Thank you for viewing the detailed overview of Optics Technology Holding Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Optics Technology Holding Co (SZSE:300489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Optics Technology Holding Co Ltd (SZSE:300489) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 5, 8th Avenue, Pingfang District, Nancheng, Harbin, CHN, 150060

Website

http://www.zfgf.cc

Optics Technology Holding Co Ltd, formerly Harbin ZhongFei New Technology Co Ltd is a manufacturer of high-performance aluminum alloy materials and machined parts. Its engaged in production, sales of mechanical equipment, instrumentation, mechanical processing, industrial automation technology development and technical services. It belongs to the field of new materials technology and new energy and energy-saving technologies. Its products are aluminum alloy forgings, extrusions, and machine parts.

Optics Technology Holding Co (SZSE:300489) Headlines

No Headlines