Avcon Information Technology Co (SZSE:300074) Days Payable : 885.91 (As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Avcon Information Technology Co Days Payable?

Avcon Information Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥175.3 Mil. Avcon Information Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥18.1 Mil. Hence, Avcon Information Technology Co's Days Payable for the three months ended in Mar. 2024 was 885.91.

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

SZSE:300074' s Days Payable Range Over the Past 10 Years
Min: 71.19 Med: 170.45 Max: 236.02
Current: 236.02

During the past 13 years, Avcon Information Technology Co's highest Days Payable was 236.02. The lowest was 71.19. And the median was 170.45.

SZSE:300074's Days Payable is ranked better than
92.77% of 2420 companies
in the Hardware industry
Industry Median: 67.93 vs SZSE:300074: 236.02

Avcon Information Technology Co's Days Payable increased from Mar. 2023 (278.75) to Mar. 2024 (885.91). It may suggest that Avcon Information Technology Co delayed paying its suppliers.

Avcon Information Technology Co Days Payable Historical Data

The historical data trend for Avcon Information 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.

* Premium members only.

Avcon Information Technology Co Days Payable Chart

Avcon Information Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

173.81

216.66

235.93

233.28

225.42

Avcon Information 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															278.75	202.30	239.15	149.92	885.91

Competitive Comparison of Avcon Information Technology Co's Days Payable

For the Communication Equipment subindustry, Avcon Information 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.

Avcon Information Technology Co's Days Payable Distribution in the Hardware Industry

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

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

Avcon Information 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.

Avcon Information 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
=	( (154.184	+	190.149)	/	2 )	/	278.767	*	365
=	172.1665					/	278.767	*	365
=	225.42

Avcon Information 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
=	( (190.149	+	160.506)	/	2 )	/	18.059	*	365 / 4
=	175.3275					/	18.059	*	365 / 4
=	885.91

Avcon Information Technology Co Days Payable Related Terms

Thank you for viewing the detailed overview of Avcon Information Technology Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Avcon Information Technology Co (SZSE:300074) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Avcon Information Technology Co Ltd (SZSE:300074) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 69, Lane 1688, North Guoquan Road, Building A6, Wangu Science and Technology Park, Yangpu District, Shanghai, CHN, 200433

Website

http://www.avcon.com.cn

Avcon Information Technology Co Ltd designs and sells audio and video communication products and image intelligent integrated applications. It provides users with visual application solutions such as video conferencing, emergency command, smart cities security monitoring, safe cities, intelligent transportation, online education, and video call centers.

Executives

Li Hui	Secretary, Director
Tian Tian	Supervisors
Cheng Lin Fang	Executives
Fang Yong Xin	Director
Guo Feng	Directors, executives
Chen Zhuang	Independent director
Tang Xiao Yun	Secretary Dong
Wu Biao	Executives
Huang Qiao Lian	Securities Affairs Representative
Xi Feng Wei	Directors, executives
Liu Xiao Lu	Director
Liu Yan	Director
Zhou Xiao Chuan	Supervisors
Liu Xiao Dan	Director
Li Ji Chun	Supervisors

Avcon Information Technology Co (SZSE:300074) Headlines

No Headlines