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Suzhou Longway Electronic Machinery Co (SZSE:301202) Days Payable : 68.94 (As of Jun. 2024)


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What is Suzhou Longway Electronic Machinery Co Days Payable?

Suzhou Longway Electronic Machinery Co's average Accounts Payable for the three months ended in Jun. 2024 was ¥211 Mil. Suzhou Longway Electronic Machinery Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥279 Mil. Hence, Suzhou Longway Electronic Machinery Co's Days Payable for the three months ended in Jun. 2024 was 68.94.

The historical rank and industry rank for Suzhou Longway Electronic Machinery Co's Days Payable or its related term are showing as below:

SZSE:301202' s Days Payable Range Over the Past 10 Years
Min: 49.92   Med: 65.09   Max: 96.35
Current: 70.34

During the past 8 years, Suzhou Longway Electronic Machinery Co's highest Days Payable was 96.35. The lowest was 49.92. And the median was 65.09.

SZSE:301202's Days Payable is ranked better than
60.39% of 2550 companies
in the Software industry
Industry Median: 49.265 vs SZSE:301202: 70.34

Suzhou Longway Electronic Machinery Co's Days Payable increased from Jun. 2023 (56.54) to Jun. 2024 (68.94). It may suggest that Suzhou Longway Electronic Machinery Co delayed paying its suppliers.


Suzhou Longway Electronic Machinery Co Days Payable Historical Data

The historical data trend for Suzhou Longway Electronic Machinery 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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Suzhou Longway Electronic Machinery Co Days Payable Chart

Suzhou Longway Electronic Machinery Co Annual Data
Trend Dec13 Dec14 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial 90.25 96.35 74.99 69.39 60.78

Suzhou Longway Electronic Machinery Co Quarterly Data
Dec13 Dec14 Jun15 Dec18 Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56.54 65.52 53.30 82.12 68.94

Competitive Comparison of Suzhou Longway Electronic Machinery Co's Days Payable

For the Information Technology Services subindustry, Suzhou Longway Electronic Machinery 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.


Suzhou Longway Electronic Machinery Co's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Suzhou Longway Electronic Machinery Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Suzhou Longway Electronic Machinery Co's Days Payable falls into.



Suzhou Longway Electronic Machinery 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.

Suzhou Longway Electronic Machinery 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
=( (110.308 + 132.796) / 2 ) / 729.915*365
=121.552 / 729.915*365
=60.78

Suzhou Longway Electronic Machinery Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

Days Payable (Q: Jun. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2024 ) + Accounts Payable (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (166.636 + 254.884) / 2 ) / 278.948*365 / 4
=210.76 / 278.948*365 / 4
=68.94

* 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.


Suzhou Longway Electronic Machinery Co Days Payable Related Terms

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Suzhou Longway Electronic Machinery Co Business Description

Traded in Other Exchanges
N/A
Address
Sumitomo Denso Road, Panyang Industrial Park, Huangdai Town, Xiangcheng District, Jiangsu Province, Suzhou, CHN, 215143
Suzhou Longway Electronic Machinery Co Ltd is a high-tech enterprise specializing in research and development, production, sales and service of data center cabinets such as server cabinets, hot and cold aisles, micro-modules, T-block racks, and integrated wiring products such as data cables.

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