Wuhan Jingce Electronic Group Co (SZSE:300567) Days Payable : 392.41 (As of Mar. 2024)

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What is Wuhan Jingce Electronic Group Co Days Payable?

Wuhan Jingce Electronic Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥953 Mil. Wuhan Jingce Electronic Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥222 Mil. Hence, Wuhan Jingce Electronic Group Co's Days Payable for the three months ended in Mar. 2024 was 392.41.

The historical rank and industry rank for Wuhan Jingce Electronic Group Co's Days Payable or its related term are showing as below:

SZSE:300567' s Days Payable Range Over the Past 10 Years
Min: 56.07 Med: 145.44 Max: 319.28
Current: 290.26

During the past 13 years, Wuhan Jingce Electronic Group Co's highest Days Payable was 319.28. The lowest was 56.07. And the median was 145.44.

SZSE:300567's Days Payable is ranked better than
95.25% of 2420 companies
in the Hardware industry
Industry Median: 67.93 vs SZSE:300567: 290.26

Wuhan Jingce Electronic Group Co's Days Payable increased from Mar. 2023 (305.81) to Mar. 2024 (392.41). It may suggest that Wuhan Jingce Electronic Group Co delayed paying its suppliers.

Wuhan Jingce Electronic Group Co Days Payable Historical Data

The historical data trend for Wuhan Jingce Electronic Group 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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Wuhan Jingce Electronic Group Co Days Payable Chart

Wuhan Jingce Electronic Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

142.77

221.65

203.00

226.08

319.28

Wuhan Jingce Electronic Group 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															305.81	283.90	329.21	199.31	392.41

Competitive Comparison of Wuhan Jingce Electronic Group Co's Days Payable

For the Scientific & Technical Instruments subindustry, Wuhan Jingce Electronic Group 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.

Wuhan Jingce Electronic Group Co's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Wuhan Jingce Electronic Group Co's Days Payable falls into.

Wuhan Jingce Electronic Group 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.

Wuhan Jingce Electronic Group 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
=	( (1215.516	+	954.343)	/	2 )	/	1240.281	*	365
=	1084.9295					/	1240.281	*	365
=	319.28

Wuhan Jingce Electronic Group 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
=	( (954.343	+	950.803)	/	2 )	/	221.511	*	365 / 4
=	952.573					/	221.511	*	365 / 4
=	392.41

Wuhan Jingce Electronic Group Co Days Payable Related Terms

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Wuhan Jingce Electronic Group Co (SZSE:300567) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wuhan Jingce Electronic Group Co Ltd (SZSE:300567) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.53 Nanhu Avenue, 4 Floor, Hongshan Science & Technology Innovation Center, Hongshan District, Wuhan, CHN, 430070

Website

http://www.wuhanjingce.com

Wuhan Jingce Electronic Group Co Ltd operates in the domestic flat panel display industry. The company is mainly engaged in the research and development, production and sales of flat panel display detection systems. The company's main products include module test system, panel test system, OLED test system, AOI system, touch panel test system and FPD automation equipment.

Executives

Shen Ya Fei	Directors, executives
Liu Bing Hua	Directors, executives
You Li Juan	Executives
Yang Shen Dong	Executives
Chen Kai	Directors, executives
Peng Qian	Director
Luo Zhen Chuan	Executives
Ma Jun	Executives
Han Yu Hua	Supervisors

Wuhan Jingce Electronic Group Co (SZSE:300567) Headlines

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