Shanghai Optech Science and Technology Co (BJSE:836414) Days Payable : 226.13 (As of Mar. 2024)

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What is Shanghai Optech Science and Technology Co Days Payable?

Shanghai Optech Science and Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥33.2 Mil. Shanghai Optech Science and Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥13.4 Mil. Hence, Shanghai Optech Science and Technology Co's Days Payable for the three months ended in Mar. 2024 was 226.13.

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

BJSE:836414' s Days Payable Range Over the Past 10 Years
Min: 90.86 Med: 171.8 Max: 284.62
Current: 144.77

During the past 11 years, Shanghai Optech Science and Technology Co's highest Days Payable was 284.62. The lowest was 90.86. And the median was 171.80.

BJSE:836414's Days Payable is ranked better than
76.29% of 2936 companies
in the Industrial Products industry
Industry Median: 76.705 vs BJSE:836414: 144.77

Shanghai Optech Science and Technology Co's Days Payable increased from Mar. 2023 (159.21) to Mar. 2024 (226.13). It may suggest that Shanghai Optech Science and Technology Co delayed paying its suppliers.

Shanghai Optech Science and Technology Co Days Payable Historical Data

The historical data trend for Shanghai Optech Science and 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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Shanghai Optech Science and Technology Co Days Payable Chart

Shanghai Optech Science and Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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284.62

205.73

235.58

193.74

142.01

Shanghai Optech Science and Technology Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															159.21	129.54	127.51	169.49	226.13

Competitive Comparison of Shanghai Optech Science and Technology Co's Days Payable

For the Specialty Industrial Machinery subindustry, Shanghai Optech Science and 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.

Shanghai Optech Science and Technology Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai Optech Science and Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai Optech Science and Technology Co's Days Payable falls into.

Shanghai Optech Science and 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.

Shanghai Optech Science and 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
=	( (40.854	+	40.35)	/	2 )	/	104.358	*	365
=	40.602					/	104.358	*	365
=	142.01

Shanghai Optech Science and 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
=	( (40.35	+	26.064)	/	2 )	/	13.4	*	365 / 4
=	33.207					/	13.4	*	365 / 4
=	226.13

Shanghai Optech Science and Technology Co Days Payable Related Terms

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Shanghai Optech Science and Technology Co (BJSE:836414) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Optech Science and Technology Co Ltd (BJSE:836414) » Definitions » Days Payable

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Traded in Other Exchanges

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Address

Lane 879, Zhongjiang Road, Room 402, Building 12, Putuo District, Shanghai, CHN, 200333

Website

http://www.optjt.cn

Shanghai Optech Science and Technology Co Ltd focused on the technology and product development of automatic detection equipment and automatic production equipment in the photovoltaic industry. It engages in designing photovoltaic detection solutions and the development, production, and sales of supporting equipment and software. It offers Component EL/appearance -AI automatic sorting system, String inspection EL/appearance AI automatic sorting system, Automatic battery sorting system, Final inspection appearance-AI automatic sorting system, Component repair query system, String inspection repair query system, Dual station battery string repair system, Photovoltaic power station UAV automatic operation and maintenance system.

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