Shanghai Hi-Tech Control System Co (SZSE:002184) Days Payable : 481.58 (As of Mar. 2024)

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What is Shanghai Hi-Tech Control System Co Days Payable?

Shanghai Hi-Tech Control System Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,012 Mil. Shanghai Hi-Tech Control System Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥381 Mil. Hence, Shanghai Hi-Tech Control System Co's Days Payable for the three months ended in Mar. 2024 was 481.58.

The historical rank and industry rank for Shanghai Hi-Tech Control System Co's Days Payable or its related term are showing as below:

SZSE:002184' s Days Payable Range Over the Past 10 Years
Min: 73.69 Med: 105.78 Max: 217.94
Current: 217.94

During the past 13 years, Shanghai Hi-Tech Control System Co's highest Days Payable was 217.94. The lowest was 73.69. And the median was 105.78.

SZSE:002184's Days Payable is ranked better than
84.58% of 2535 companies
in the Software industry
Industry Median: 49.81 vs SZSE:002184: 217.94

Shanghai Hi-Tech Control System Co's Days Payable increased from Mar. 2023 (186.24) to Mar. 2024 (481.58). It may suggest that Shanghai Hi-Tech Control System Co delayed paying its suppliers.

Shanghai Hi-Tech Control System Co Days Payable Historical Data

The historical data trend for Shanghai Hi-Tech Control System 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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Shanghai Hi-Tech Control System Co Days Payable Chart

Shanghai Hi-Tech Control System Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

75.01

103.01

126.72

142.93

194.30

Shanghai Hi-Tech Control System 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															186.24	144.53	201.26	202.21	481.58

Competitive Comparison of Shanghai Hi-Tech Control System Co's Days Payable

For the Information Technology Services subindustry, Shanghai Hi-Tech Control System 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.

Shanghai Hi-Tech Control System Co's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Shanghai Hi-Tech Control System Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai Hi-Tech Control System Co's Days Payable falls into.

Shanghai Hi-Tech Control System 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.

Shanghai Hi-Tech Control System 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
=	( (1003.342	+	2124.768)	/	2 )	/	2938.123	*	365
=	1564.055					/	2938.123	*	365
=	194.30

Shanghai Hi-Tech Control System 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
=	( (2124.768	+	1899.902)	/	2 )	/	381.296	*	365 / 4
=	2012.335					/	381.296	*	365 / 4
=	481.58

Shanghai Hi-Tech Control System Co Days Payable Related Terms

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Shanghai Hi-Tech Control System Co (SZSE:002184) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shanghai Hi-Tech Control System Co Ltd (SZSE:002184) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 900 Yishan Road, Science and Technology Development Building, Block B, 17F, Shanghai, Shanghai, CHN, 200233

Website

http://www.hite.com.cn

Shanghai Hi-Tech Control System Co Ltd operates in the field of industry informatization and automation. The company provides industry users with informatization and intelligentization control products, electric automation and informatization products. Its products offering include a wind turbine converter, industrial control products and systems, industrial network products, and power electric products.

Executives

Zhao Da Di	Director
Guo Meng Rong	Directors, executives
Xu Hong	Director
Wu Qiu Nong	Directors, executives
Lu Wen Jing	Supervisors
He Yong Jun	Executives
Hu Yu	Executives, directors
Shi Chao Zhu	Director
Zhang Zhe Zhi	Executives
Wang Xiao Bo	Supervisors
Wu Huan Qun	Supervisors
Fang Jian	Director
Sheng Ya Ping	Supervisors

Shanghai Hi-Tech Control System Co (SZSE:002184) Headlines

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