Sensteed Hi-tech Group (SZSE:000981) Days Payable : 149.36 (As of Mar. 2024)

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What is Sensteed Hi-tech Group Days Payable?

Sensteed Hi-tech Group's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,541 Mil. Sensteed Hi-tech Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥941 Mil. Hence, Sensteed Hi-tech Group's Days Payable for the three months ended in Mar. 2024 was 149.36.

The historical rank and industry rank for Sensteed Hi-tech Group's Days Payable or its related term are showing as below:

SZSE:000981' s Days Payable Range Over the Past 10 Years
Min: 77.78 Med: 108.05 Max: 137.42
Current: 127.71

During the past 13 years, Sensteed Hi-tech Group's highest Days Payable was 137.42. The lowest was 77.78. And the median was 108.05.

SZSE:000981's Days Payable is ranked better than
81% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 66.48 vs SZSE:000981: 127.71

Sensteed Hi-tech Group's Days Payable increased from Mar. 2023 (134.88) to Mar. 2024 (149.36). It may suggest that Sensteed Hi-tech Group delayed paying its suppliers.

Sensteed Hi-tech Group Days Payable Historical Data

The historical data trend for Sensteed Hi-tech Group'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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Sensteed Hi-tech Group Days Payable Chart

Sensteed Hi-tech Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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103.72

77.78

128.93

137.42

119.93

Sensteed Hi-tech Group 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															134.88	92.39	121.47	190.41	149.36

Competitive Comparison of Sensteed Hi-tech Group's Days Payable

For the Auto Manufacturers subindustry, Sensteed Hi-tech Group'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.

Sensteed Hi-tech Group's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sensteed Hi-tech Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Sensteed Hi-tech Group's Days Payable falls into.

Sensteed Hi-tech Group 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.

Sensteed Hi-tech Group'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
=	( (1504.911	+	1497.635)	/	2 )	/	4568.992	*	365
=	1501.273					/	4568.992	*	365
=	119.93

Sensteed Hi-tech Group'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
=	( (1497.635	+	1584.518)	/	2 )	/	941.492	*	365 / 4
=	1541.0765					/	941.492	*	365 / 4
=	149.36

Sensteed Hi-tech Group Days Payable Related Terms

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Sensteed Hi-tech Group (SZSE:000981) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sensteed Hi-tech Group (SZSE:000981) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 1800, Zhongshan East Road, 42nd Floor, Guohua Financial Center, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315100

Website

https://www.sensteed.com

Sensteed Hi-tech Group is engaged in the New energy business. It's actively deploying new energy vehicles & semiconductors Dual industry chains to create a high-end manufacturing ecosystem that is interconnected and interactive with multiple industries such as new energy vehicle manufacturing, semiconductor packaging materials, high-end automotive parts, and travel services.

Executives

Xiong Xu Qiang	Director
Wu Xi Liang	Director
Liang Yong Bo	Supervisors
Xu Hai Jiang	Supervisors
Jin Zhao Xiu	Director
Hou Xin Cai	Executives

Sensteed Hi-tech Group (SZSE:000981) Headlines

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