Shenzhen MinDe Electronics Technology (SZSE:300656) Days Payable : 292.85 (As of Mar. 2024)

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What is Shenzhen MinDe Electronics Technology Days Payable?

Shenzhen MinDe Electronics Technology's average Accounts Payable for the three months ended in Mar. 2024 was ¥129.9 Mil. Shenzhen MinDe Electronics Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥40.5 Mil. Hence, Shenzhen MinDe Electronics Technology's Days Payable for the three months ended in Mar. 2024 was 292.85.

The historical rank and industry rank for Shenzhen MinDe Electronics Technology's Days Payable or its related term are showing as below:

SZSE:300656' s Days Payable Range Over the Past 10 Years
Min: 29.03 Med: 41.81 Max: 135.04
Current: 135.04

During the past 11 years, Shenzhen MinDe Electronics Technology's highest Days Payable was 135.04. The lowest was 29.03. And the median was 41.81.

SZSE:300656's Days Payable is ranked better than
81.38% of 929 companies
in the Business Services industry
Industry Median: 46.77 vs SZSE:300656: 135.04

Shenzhen MinDe Electronics Technology's Days Payable increased from Mar. 2023 (91.46) to Mar. 2024 (292.85). It may suggest that Shenzhen MinDe Electronics Technology delayed paying its suppliers.

Shenzhen MinDe Electronics Technology Days Payable Historical Data

The historical data trend for Shenzhen MinDe Electronics Technology'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 MinDe Electronics Technology Days Payable Chart

Shenzhen MinDe Electronics Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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32.27

38.26

36.66

39.21

129.60

Shenzhen MinDe Electronics Technology 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															91.46	71.64	99.94	167.78	292.85

Competitive Comparison of Shenzhen MinDe Electronics Technology's Days Payable

For the Security & Protection Services subindustry, Shenzhen MinDe Electronics Technology'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 MinDe Electronics Technology's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Shenzhen MinDe Electronics Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenzhen MinDe Electronics Technology's Days Payable falls into.

Shenzhen MinDe Electronics Technology 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 MinDe Electronics Technology'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
=	( (45.276	+	145.051)	/	2 )	/	268.02	*	365
=	95.1635					/	268.02	*	365
=	129.60

Shenzhen MinDe Electronics Technology'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
=	( (145.051	+	114.752)	/	2 )	/	40.477	*	365 / 4
=	129.9015					/	40.477	*	365 / 4
=	292.85

Shenzhen MinDe Electronics Technology Days Payable Related Terms

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Shenzhen MinDe Electronics Technology (SZSE:300656) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shenzhen MinDe Electronics Technology Ltd (SZSE:300656) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.5, Kezhi Xi Road, 5th Floor, Section 1, 25th Block, Keji Yuan, Nanshan District, Shenzhen, CHN, 518057

Website

http://www.mindeo.cn

Shenzhen MinDe Electronics Technology Ltd is a Chinese company engaged in designing, developing and manufacturing barcode scan instruments. Its products include handheld barcode scanners, cordless barcode scanners, scan engines, image platform, and lightweight data terminal, among others. The application domains are manufacturing, retailing, postage, logistic and medical services. It has customers in China and in various other countries.

Executives

Huang Xiao Dong	Directors, executives
Gao Jian	Directors, executives
Luo Yuan Xiong	Supervisors
Zou Shan Feng	Director
Fan Zhang Zheng	Directors, executives
Yi Yang Qing	Directors, executives
Bai Nan	Supervisors
Chen Guo Bing	Securities Affairs Representative
Xu Wen Huan	Directors, executives

Shenzhen MinDe Electronics Technology (SZSE:300656) Headlines

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