Hangzhou Chang Chuan Technology Co (SZSE:300604) Days Payable : 373.69 (As of Mar. 2024)

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What is Hangzhou Chang Chuan Technology Co Days Payable?

Hangzhou Chang Chuan Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,040 Mil. Hangzhou Chang Chuan Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥254 Mil. Hence, Hangzhou Chang Chuan Technology Co's Days Payable for the three months ended in Mar. 2024 was 373.69.

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

SZSE:300604' s Days Payable Range Over the Past 10 Years
Min: 158.72 Med: 253.5 Max: 534.21
Current: 402.97

During the past 12 years, Hangzhou Chang Chuan Technology Co's highest Days Payable was 534.21. The lowest was 158.72. And the median was 253.50.

SZSE:300604's Days Payable is ranked better than
96.48% of 965 companies
in the Semiconductors industry
Industry Median: 51.74 vs SZSE:300604: 402.97

Hangzhou Chang Chuan Technology Co's Days Payable declined from Mar. 2023 (697.42) to Mar. 2024 (373.69). It may suggest that Hangzhou Chang Chuan Technology Co accelerated paying its suppliers.

Hangzhou Chang Chuan Technology Co Days Payable Historical Data

The historical data trend for Hangzhou Chang Chuan 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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Hangzhou Chang Chuan Technology Co Days Payable Chart

Hangzhou Chang Chuan Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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314.43

249.06

257.93

305.28

534.21

Hangzhou Chang Chuan 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															697.42	407.51	464.88	373.28	373.69

Competitive Comparison of Hangzhou Chang Chuan Technology Co's Days Payable

For the Semiconductor Equipment & Materials subindustry, Hangzhou Chang Chuan 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.

Hangzhou Chang Chuan Technology Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Hangzhou Chang Chuan Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hangzhou Chang Chuan Technology Co's Days Payable falls into.

Hangzhou Chang Chuan 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.

Hangzhou Chang Chuan 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
=	( (1171.368	+	1059.579)	/	2 )	/	762.152	*	365
=	1115.4735					/	762.152	*	365
=	534.21

Hangzhou Chang Chuan 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
=	( (1059.579	+	1020.649)	/	2 )	/	253.983	*	365 / 4
=	1040.114					/	253.983	*	365 / 4
=	373.69

Hangzhou Chang Chuan Technology Co Days Payable Related Terms

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Hangzhou Chang Chuan Technology Co (SZSE:300604) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Hangzhou Chang Chuan Technology Co Ltd (SZSE:300604) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 799 Jiangshu Road, Building No.3, 1st-2nd Floor and 3rd, 4th and 5th Floor A units, Zhejiang Province, Hangzhou, CHN, 310051

Website

http://www.hzcctech.com

Hangzhou Chang Chuan Technology Co Ltd is a China based company engaged in the research and development, production and sales of integrated circuit equipment. Its product portfolio comprises of two product lines, namely Automatic sorting system and Test systems, to carry out research and development work. The Test systems product line comprises of CTA8280, CTT3280, CTT3600, CTT1000, and CTT3320. The Automatic sorting system comprises C1 series, C2 series, C3Q series, C7100/400, and C8 series, among others.

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