Jinhua Chunguang Technology Co (SHSE:603657) Days Payable : 173.77 (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Jinhua Chunguang Technology Co Days Payable?

Jinhua Chunguang Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥623 Mil. Jinhua Chunguang Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥327 Mil. Hence, Jinhua Chunguang Technology Co's Days Payable for the three months ended in Mar. 2024 was 173.77.

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

SHSE:603657' s Days Payable Range Over the Past 10 Years
Min: 48.6 Med: 66.18 Max: 170.69
Current: 157.42

During the past 10 years, Jinhua Chunguang Technology Co's highest Days Payable was 170.69. The lowest was 48.60. And the median was 66.18.

SHSE:603657's Days Payable is ranked better than
85.91% of 2421 companies
in the Hardware industry
Industry Median: 67.87 vs SHSE:603657: 157.42

Jinhua Chunguang Technology Co's Days Payable declined from Mar. 2023 (202.51) to Mar. 2024 (173.77). It may suggest that Jinhua Chunguang Technology Co accelerated paying its suppliers.

Jinhua Chunguang Technology Co Days Payable Historical Data

The historical data trend for Jinhua Chunguang 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.

* Premium members only.

Jinhua Chunguang Technology Co Days Payable Chart

Jinhua Chunguang Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

75.23

96.78

118.92

141.72

170.69

Jinhua Chunguang 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															202.51	161.00	156.54	144.10	173.77

Competitive Comparison of Jinhua Chunguang Technology Co's Days Payable

For the Consumer Electronics subindustry, Jinhua Chunguang 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.

Jinhua Chunguang Technology Co's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Jinhua Chunguang Technology Co's Days Payable falls into.

Jinhua Chunguang 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.

Jinhua Chunguang 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
=	( (832.207	+	655.925)	/	2 )	/	1591.069	*	365
=	744.066					/	1591.069	*	365
=	170.69

Jinhua Chunguang 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
=	( (655.925	+	589.079)	/	2 )	/	326.895	*	365 / 4
=	622.502					/	326.895	*	365 / 4
=	173.77

Jinhua Chunguang Technology Co Days Payable Related Terms

Thank you for viewing the detailed overview of Jinhua Chunguang Technology Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Jinhua Chunguang Technology Co (SHSE:603657) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jinhua Chunguang Technology Co Ltd (SHSE:603657) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 420, Anwen Road, Zhejiang Province, Jinhua, CHN, 321000

Website

http://www.chinacgh.com

Jinhua Chunguang Technology Co Ltd is a research and development, and manufacturing company of hose assembly for cleaning appliances. The products of the company include central vacuum cleaner hose series, steel wire, extrusion hose, blow mould hose, wet vacuum hose, and vacuum cleaner accessories for home.

Jinhua Chunguang Technology Co (SHSE:603657) Headlines

No Headlines