NanJing GOVA Technology Co (SHSE:688539) Days Payable : 273.89 (As of Mar. 2024)

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What is NanJing GOVA Technology Co Days Payable?

NanJing GOVA Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥86.0 Mil. NanJing GOVA Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥28.6 Mil. Hence, NanJing GOVA Technology Co's Days Payable for the three months ended in Mar. 2024 was 273.89.

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

SHSE:688539' s Days Payable Range Over the Past 10 Years
Min: 101.56 Med: 148.66 Max: 199.14
Current: 188.15

During the past 7 years, NanJing GOVA Technology Co's highest Days Payable was 199.14. The lowest was 101.56. And the median was 148.66.

SHSE:688539's Days Payable is ranked better than
89.72% of 2422 companies
in the Hardware industry
Industry Median: 67.915 vs SHSE:688539: 188.15

NanJing GOVA Technology Co's Days Payable increased from Mar. 2023 (242.31) to Mar. 2024 (273.89). It may suggest that NanJing GOVA Technology Co delayed paying its suppliers.

NanJing GOVA Technology Co Days Payable Historical Data

The historical data trend for NanJing GOVA 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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NanJing GOVA Technology Co Days Payable Chart

NanJing GOVA Technology Co Annual Data

Trend

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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147.47

199.14

148.66

166.33

174.38

NanJing GOVA Technology Co Quarterly Data
	Dec13	Jun14	Dec14	Jun15	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												242.31	185.96	197.09	134.82	273.89

Competitive Comparison of NanJing GOVA Technology Co's Days Payable

For the Electronic Components subindustry, NanJing GOVA 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.

NanJing GOVA Technology Co's Days Payable Distribution in the Hardware Industry

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

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

NanJing GOVA 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.

NanJing GOVA 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
=	( (64.155	+	79.932)	/	2 )	/	150.799	*	365
=	72.0435					/	150.799	*	365
=	174.38

NanJing GOVA 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
=	( (79.932	+	91.989)	/	2 )	/	28.639	*	365 / 4
=	85.9605					/	28.639	*	365 / 4
=	273.89

NanJing GOVA Technology Co Days Payable Related Terms

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NanJing GOVA Technology Co (SHSE:688539) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » NanJing GOVA Technology Co Ltd (SHSE:688539) » Definitions » Days Payable

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Traded in Other Exchanges

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Address

No. 66, Qixia Avenue, Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 210046

Website

https://www.govagroup.com

NanJing GOVA Technology Co Ltd is a high-tech enterprise that develops, designs, produces and sells high-reliability sensors and sensor network systems. The main products are various pressure, acceleration, temperature and humidity, displacement and other sensors, and integrate the above sensors into a sensor network system through software algorithms.

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