CNLight Co (SZSE:002076) Days Payable : 175.61 (As of Mar. 2024)

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What is CNLight Co Days Payable?

CNLight Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥34.5 Mil. CNLight Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥17.9 Mil. Hence, CNLight Co's Days Payable for the three months ended in Mar. 2024 was 175.61.

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

SZSE:002076' s Days Payable Range Over the Past 10 Years
Min: 88.57 Med: 211.14 Max: 354.1
Current: 197.33

During the past 13 years, CNLight Co's highest Days Payable was 354.10. The lowest was 88.57. And the median was 211.14.

SZSE:002076's Days Payable is ranked better than
94.61% of 408 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 66.11 vs SZSE:002076: 197.33

CNLight Co's Days Payable declined from Mar. 2023 (359.66) to Mar. 2024 (175.61). It may suggest that CNLight Co accelerated paying its suppliers.

CNLight Co Days Payable Historical Data

The historical data trend for CNLight 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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CNLight Co Days Payable Chart

CNLight Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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354.10

224.61

285.14

221.42

200.85

CNLight 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															359.66	368.78	162.59	140.74	175.61

Competitive Comparison of CNLight Co's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, CNLight 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.

CNLight Co's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, CNLight Co's Days Payable distribution charts can be found below:

* The bar in red indicates where CNLight Co's Days Payable falls into.

CNLight 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.

CNLight 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
=	( (66.515	+	37.66)	/	2 )	/	94.659	*	365
=	52.0875					/	94.659	*	365
=	200.85

CNLight 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
=	( (37.66	+	31.368)	/	2 )	/	17.934	*	365 / 4
=	34.514					/	17.934	*	365 / 4
=	175.61

CNLight Co Days Payable Related Terms

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CNLight Co (SZSE:002076) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » CNLight Co Ltd (SZSE:002076) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Section A, Shishan Sci-tech Industrial Park, Nanhai District, Guangdong Province, Foshan, CHN, 528225

Website

http://www.cnlight.com

CNLight Co Ltd is a China-based company engaged in offering lighting products and solutions. It manufactures a range of LED lighting and CFL lighting products. The product portfolio of the company includes LED lamps, energy saving lamps, ceramic metal halide lamp, UV germicidal lamps, air purifier, water treatment, HID auto xenon lamps and electronic ballast. The company sells its products in China and other international countries.

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