Shenzhen EXC-LED Technology Co (SZSE:300889) Days Payable : 272.01 (As of Mar. 2024)

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What is Shenzhen EXC-LED Technology Co Days Payable?

Shenzhen EXC-LED Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥386 Mil. Shenzhen EXC-LED Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥130 Mil. Hence, Shenzhen EXC-LED Technology Co's Days Payable for the three months ended in Mar. 2024 was 272.01.

The historical rank and industry rank for Shenzhen EXC-LED Technology Co's Days Payable or its related term are showing as below:

SZSE:300889' s Days Payable Range Over the Past 10 Years
Min: 168.41 Med: 215.15 Max: 377.91
Current: 187.53

During the past 8 years, Shenzhen EXC-LED Technology Co's highest Days Payable was 377.91. The lowest was 168.41. And the median was 215.15.

SZSE:300889's Days Payable is ranked better than
89.55% of 2422 companies
in the Hardware industry
Industry Median: 67.74 vs SZSE:300889: 187.53

Shenzhen EXC-LED Technology Co's Days Payable declined from Mar. 2023 (325.55) to Mar. 2024 (272.01). It may suggest that Shenzhen EXC-LED Technology Co accelerated paying its suppliers.

Shenzhen EXC-LED Technology Co Days Payable Historical Data

The historical data trend for Shenzhen EXC-LED 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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Shenzhen EXC-LED Technology Co Days Payable Chart

Shenzhen EXC-LED Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

195.49

245.81

294.32

377.91

234.81

Shenzhen EXC-LED 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															325.55	205.60	159.70	165.36	272.01

Competitive Comparison of Shenzhen EXC-LED Technology Co's Days Payable

For the Electronic Components subindustry, Shenzhen EXC-LED 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.

Shenzhen EXC-LED Technology Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenzhen EXC-LED Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenzhen EXC-LED Technology Co's Days Payable falls into.

Shenzhen EXC-LED 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.

Shenzhen EXC-LED 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
=	( (519.475	+	430.81)	/	2 )	/	738.594	*	365
=	475.1425					/	738.594	*	365
=	234.81

Shenzhen EXC-LED 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
=	( (430.81	+	341.982)	/	2 )	/	129.624	*	365 / 4
=	386.396					/	129.624	*	365 / 4
=	272.01

Shenzhen EXC-LED Technology Co Days Payable Related Terms

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Shenzhen EXC-LED Technology Co (SZSE:300889) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen EXC-LED Technology Co Ltd (SZSE:300889) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.11 Songgang Avenue, Songgang Street, Building 1, Jiancang Science and Technology Park, Baoan District, Guangdong, Shenzhen, CHN, 518105

Website

https://www.exc-led.com

Shenzhen EXC-LED Technology Co Ltd research and development, production and sales of landscape lighting intelligent control systems and LED landscape lighting lamps.

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