Queclink Wireless Solutions Co (SZSE:300590) Days Payable : 101.93 (As of Mar. 2024)

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What is Queclink Wireless Solutions Co Days Payable?

Queclink Wireless Solutions Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥140 Mil. Queclink Wireless Solutions Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥125 Mil. Hence, Queclink Wireless Solutions Co's Days Payable for the three months ended in Mar. 2024 was 101.93.

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

SZSE:300590' s Days Payable Range Over the Past 10 Years
Min: 32.34 Med: 100.54 Max: 140
Current: 64.72

During the past 12 years, Queclink Wireless Solutions Co's highest Days Payable was 140.00. The lowest was 32.34. And the median was 100.54.

SZSE:300590's Days Payable is ranked worse than
53.16% of 2423 companies
in the Hardware industry
Industry Median: 67.77 vs SZSE:300590: 64.72

Queclink Wireless Solutions Co's Days Payable increased from Mar. 2023 (80.07) to Mar. 2024 (101.93). It may suggest that Queclink Wireless Solutions Co delayed paying its suppliers.

Queclink Wireless Solutions Co Days Payable Historical Data

The historical data trend for Queclink Wireless Solutions 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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Queclink Wireless Solutions Co Days Payable Chart

Queclink Wireless Solutions Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

114.25

140.00

100.02

85.05

80.96

Queclink Wireless Solutions 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															80.07	53.93	62.76	57.16	101.93

Competitive Comparison of Queclink Wireless Solutions Co's Days Payable

For the Scientific & Technical Instruments subindustry, Queclink Wireless Solutions 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.

Queclink Wireless Solutions Co's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Queclink Wireless Solutions Co's Days Payable falls into.

Queclink Wireless Solutions 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.

Queclink Wireless Solutions 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
=	( (96.183	+	172.37)	/	2 )	/	605.408	*	365
=	134.2765					/	605.408	*	365
=	80.96

Queclink Wireless Solutions 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
=	( (172.37	+	107.998)	/	2 )	/	125.497	*	365 / 4
=	140.184					/	125.497	*	365 / 4
=	101.93

Queclink Wireless Solutions Co Days Payable Related Terms

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Queclink Wireless Solutions Co (SZSE:300590) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Queclink Wireless Solutions Co Ltd (SZSE:300590) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

717 Yishan Road, 3rd Floor, Xuhui District, Shanghai, CHN, 200233

Website

http://www.queclink.com

Queclink Wireless Solutions Co Ltd is a China based company engaged in supplying machine-to-machine (M2M) devices and solutions. The products offered by the company are asset trackers, personal trackers, vehicle tracker, and other accessories. It also offers solutions such as asset tracking, lone workers, telecare, monitoring, and fleet management.

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