Suzhou Agioe Technologies Co (SHSE:688450) Days Payable : 1,380.87 (As of Mar. 2024)

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What is Suzhou Agioe Technologies Co Days Payable?

Suzhou Agioe Technologies Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥74.3 Mil. Suzhou Agioe Technologies Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4.9 Mil. Hence, Suzhou Agioe Technologies Co's Days Payable for the three months ended in Mar. 2024 was 1,380.87.

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

SHSE:688450' s Days Payable Range Over the Past 10 Years
Min: 190.32 Med: 231.34 Max: 243.06
Current: 205.69

During the past 5 years, Suzhou Agioe Technologies Co's highest Days Payable was 243.06. The lowest was 190.32. And the median was 231.34.

SHSE:688450's Days Payable is ranked better than
87.13% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs SHSE:688450: 205.69

Suzhou Agioe Technologies Co's Days Payable increased from Mar. 2023 (761.99) to Mar. 2024 (1,380.87). It may suggest that Suzhou Agioe Technologies Co delayed paying its suppliers.

Suzhou Agioe Technologies Co Days Payable Historical Data

The historical data trend for Suzhou Agioe Technologies 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 Agioe Technologies Co Days Payable Chart

Suzhou Agioe Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

220.84

190.32

231.34

243.06

238.92

Suzhou Agioe Technologies Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial								761.99	144.22	263.21	133.12	1,380.87

Competitive Comparison of Suzhou Agioe Technologies Co's Days Payable

For the Specialty Industrial Machinery subindustry, Suzhou Agioe Technologies 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 Agioe Technologies Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Suzhou Agioe Technologies Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Suzhou Agioe Technologies Co's Days Payable falls into.

Suzhou Agioe Technologies 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 Agioe Technologies 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
=	( (84.211	+	86.822)	/	2 )	/	130.644	*	365
=	85.5165					/	130.644	*	365
=	238.92

Suzhou Agioe Technologies 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
=	( (86.822	+	61.843)	/	2 )	/	4.912	*	365 / 4
=	74.3325					/	4.912	*	365 / 4
=	1,380.87

Suzhou Agioe Technologies Co Days Payable Related Terms

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Suzhou Agioe Technologies Co (SHSE:688450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Agioe Technologies Co Ltd (SHSE:688450) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 270 Dongping Street, 3C, 3D, Aoyang Shunchang Building, Suzhou Industrial Park, Jiangsu, Suzhou, CHN, 215123

Website

http://www.agioe.com

Suzhou Agioe Technologies Co Ltd is a high-tech enterprise focusing on the research, development, production and sales of a new generation of optical fiber sensing network and asset digital operation and maintenance management system. The company has formed a series of products such as power facility asset monitoring operation and maintenance management system, submarine cable asset monitoring operation and maintenance management system, and integrated pipeline asset monitoring operation and maintenance management system, which are widely used in power grids, offshore wind power, integrated pipelines, petroleum and petrochemical and other important areas of the national economy.

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