China Resources Microelectronics (SHSE:688396) Days Payable : 65.23 (As of Mar. 2024)

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What is China Resources Microelectronics Days Payable?

China Resources Microelectronics's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,112 Mil. China Resources Microelectronics's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,556 Mil. Hence, China Resources Microelectronics's Days Payable for the three months ended in Mar. 2024 was 65.23.

The historical rank and industry rank for China Resources Microelectronics's Days Payable or its related term are showing as below:

SHSE:688396' s Days Payable Range Over the Past 10 Years
Min: 61.16 Med: 69.99 Max: 76.28
Current: 68.24

During the past 8 years, China Resources Microelectronics's highest Days Payable was 76.28. The lowest was 61.16. And the median was 69.99.

SHSE:688396's Days Payable is ranked better than
63.8% of 964 companies
in the Semiconductors industry
Industry Median: 51.61 vs SHSE:688396: 68.24

China Resources Microelectronics's Days Payable declined from Mar. 2023 (80.81) to Mar. 2024 (65.23). It may suggest that China Resources Microelectronics accelerated paying its suppliers.

China Resources Microelectronics Days Payable Historical Data

The historical data trend for China Resources Microelectronics'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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China Resources Microelectronics Days Payable Chart

China Resources Microelectronics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

67.89

71.27

74.60

76.28

68.70

China Resources Microelectronics 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															80.81	69.62	72.27	68.47	65.23

Competitive Comparison of China Resources Microelectronics's Days Payable

For the Semiconductors subindustry, China Resources Microelectronics'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.

China Resources Microelectronics's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, China Resources Microelectronics's Days Payable distribution charts can be found below:

* The bar in red indicates where China Resources Microelectronics's Days Payable falls into.

China Resources Microelectronics 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.

China Resources Microelectronics'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
=	( (1343.819	+	1182.319)	/	2 )	/	6710.216	*	365
=	1263.069					/	6710.216	*	365
=	68.70

China Resources Microelectronics'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
=	( (1182.319	+	1041.968)	/	2 )	/	1555.677	*	365 / 4
=	1112.1435					/	1555.677	*	365 / 4
=	65.23

China Resources Microelectronics Days Payable Related Terms

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China Resources Microelectronics (SHSE:688396) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » China Resources Microelectronics Ltd (SHSE:688396) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 14, Liangxi Road, Jiangsu Province, Wuxi, CHN, 214061

Website

https://www.crmicro.com

China Resources Microelectronics Ltd is engaged in the design, production, and sales of power semiconductors, smart sensors, and smart control products, as well as provides manufacturing services such as open wafer manufacturing, packaging, and testing. The company's product portfolio includes power components, MOSFET, IGBT, BJT and DIODES, Power IC, Power modules, Smart sensors, and intelligent controls.

Executives

Zhang Sen	Core technical personnel
You Yong	Core technical personnel
Wu Quan Qing	Core technical personnel
Luo Xian Cai	Core technical personnel
Ding Dong Min	Core technical personnel
Duan Jun	senior management
Li Hong	Directors, senior managers, core technical personn
Wu Jian Zhong	Core technical personnel
Xia Zhang Feng	Core technical personnel
Ma Wei Qing	Senior management, core technical personnel
Zhuang Heng Qian	senior management
Chun Yu Jiang Min	Core technical personnel
Wu Guo Yi	Directors, senior managers
Zheng Chen Yan	Core technical personnel
Li Ge	senior management

China Resources Microelectronics (SHSE:688396) Headlines

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