Hangzhou Seck Intelligent Technology Co (SZSE:300897) Days Payable : 258.50 (As of Mar. 2024)

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What is Hangzhou Seck Intelligent Technology Co Days Payable?

Hangzhou Seck Intelligent Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥207.3 Mil. Hangzhou Seck Intelligent Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥73.2 Mil. Hence, Hangzhou Seck Intelligent Technology Co's Days Payable for the three months ended in Mar. 2024 was 258.50.

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

SZSE:300897' s Days Payable Range Over the Past 10 Years
Min: 92.25 Med: 127.91 Max: 206.21
Current: 185.87

During the past 10 years, Hangzhou Seck Intelligent Technology Co's highest Days Payable was 206.21. The lowest was 92.25. And the median was 127.91.

SZSE:300897's Days Payable is ranked better than
89.22% of 2422 companies
in the Hardware industry
Industry Median: 67.735 vs SZSE:300897: 185.87

Hangzhou Seck Intelligent Technology Co's Days Payable declined from Mar. 2023 (265.03) to Mar. 2024 (258.50). It may suggest that Hangzhou Seck Intelligent Technology Co accelerated paying its suppliers.

Hangzhou Seck Intelligent Technology Co Days Payable Historical Data

The historical data trend for Hangzhou Seck Intelligent 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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Hangzhou Seck Intelligent Technology Co Days Payable Chart

Hangzhou Seck Intelligent Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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144.11

190.29

199.96

203.21

206.21

Hangzhou Seck Intelligent 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															265.03	136.59	216.85	177.77	258.50

Competitive Comparison of Hangzhou Seck Intelligent Technology Co's Days Payable

For the Scientific & Technical Instruments subindustry, Hangzhou Seck Intelligent 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.

Hangzhou Seck Intelligent Technology Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hangzhou Seck Intelligent Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hangzhou Seck Intelligent Technology Co's Days Payable falls into.

Hangzhou Seck Intelligent 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.

Hangzhou Seck Intelligent 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
=	( (201.519	+	217.938)	/	2 )	/	371.233	*	365
=	209.7285					/	371.233	*	365
=	206.21

Hangzhou Seck Intelligent 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
=	( (217.938	+	196.695)	/	2 )	/	73.183	*	365 / 4
=	207.3165					/	73.183	*	365 / 4
=	258.50

Hangzhou Seck Intelligent Technology Co Days Payable Related Terms

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Hangzhou Seck Intelligent Technology Co (SZSE:300897) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hangzhou Seck Intelligent Technology Co Ltd (SZSE:300897) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1197, Bin'an Road, Room 3172, Building 6, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310012

Website

http://www.seck.com.cn

Hangzhou Seck Intelligent Technology Co Ltd is engaged in research and development, production, sales and service of various intelligent remote water meter measurement sensors and complete meters, water pipe network field controllers and back-end collection systems.

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