Sunsea AIot Technology Co (SZSE:002313) Days Payable : 173.32 (As of Mar. 2024)

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What is Sunsea AIot Technology Co Days Payable?

Sunsea AIot Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,262 Mil. Sunsea AIot Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥664 Mil. Hence, Sunsea AIot Technology Co's Days Payable for the three months ended in Mar. 2024 was 173.32.

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

SZSE:002313' s Days Payable Range Over the Past 10 Years
Min: 190.11 Med: 233.29 Max: 260.8
Current: 225.42

During the past 13 years, Sunsea AIot Technology Co's highest Days Payable was 260.80. The lowest was 190.11. And the median was 233.29.

SZSE:002313's Days Payable is ranked better than
91.74% of 2422 companies
in the Hardware industry
Industry Median: 67.885 vs SZSE:002313: 225.42

Sunsea AIot Technology Co's Days Payable declined from Mar. 2023 (324.34) to Mar. 2024 (173.32). It may suggest that Sunsea AIot Technology Co accelerated paying its suppliers.

Sunsea AIot Technology Co Days Payable Historical Data

The historical data trend for Sunsea AIot 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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Sunsea AIot Technology Co Days Payable Chart

Sunsea AIot Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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207.55

203.51

190.11

260.80

256.99

Sunsea AIot Technology 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															324.34	290.86	245.75	206.36	173.32

Competitive Comparison of Sunsea AIot Technology Co's Days Payable

For the Communication Equipment subindustry, Sunsea AIot 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.

Sunsea AIot Technology Co's Days Payable Distribution in the Hardware Industry

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

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

Sunsea AIot 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.

Sunsea AIot 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
=	( (1979.505	+	1321.956)	/	2 )	/	2344.48	*	365
=	1650.7305					/	2344.48	*	365
=	256.99

Sunsea AIot 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
=	( (1321.956	+	1201.405)	/	2 )	/	664.245	*	365 / 4
=	1261.6805					/	664.245	*	365 / 4
=	173.32

Sunsea AIot Technology Co Days Payable Related Terms

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Sunsea AIot Technology Co (SZSE:002313) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sunsea AIot Technology Co Ltd (SZSE:002313) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 198, Daxin Road, 17th Floor, Majialong Innovation Building, Nanshan District, Shenzhen, CHN, 518057

Website

http://www.sunseagroup.com

Sunsea AIot Technology Co Ltd is engaged in providing end-to-end Internet of Things (IoT) products and services to global customers. The group offers services to telecom operators, ICT equipment vendors, system integrators, and enterprise customers. The solution and products offered by the company includes IoT terminals, IoT cloud platforms, IoT multi-industry solutions, communications network infrastructure and communications services. geographically it holds research and development centers in China major cities such as Shenzhen, Shanghai and Xi'an, and has sales outlets in domestic capital cities and in Sweden, Italy, Thailand, and other countries.

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