CCSC Technology International Holdings (CCSC Technology International Holdings) Days Payable : 64.18 (As of Sep. 2023)

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What is CCSC Technology International Holdings Days Payable?

CCSC Technology International Holdings's average Accounts Payable for the six months ended in Sep. 2023 was $1.84 Mil. CCSC Technology International Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was $5.22 Mil. Hence, CCSC Technology International Holdings's Days Payable for the six months ended in Sep. 2023 was 64.18.

The historical rank and industry rank for CCSC Technology International Holdings's Days Payable or its related term are showing as below:

CCTG' s Days Payable Range Over the Past 10 Years
Min: 62.79 Med: 65.36 Max: 74.41
Current: 72.69

During the past 3 years, CCSC Technology International Holdings's highest Days Payable was 74.41. The lowest was 62.79. And the median was 65.36.

CCTG's Days Payable is ranked worse than
53.27% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs CCTG: 72.69

CCSC Technology International Holdings's Days Payable increased from Sep. 2022 (62.24) to Sep. 2023 (64.18). It may suggest that CCSC Technology International Holdings delayed paying its suppliers.

CCSC Technology International Holdings Days Payable Historical Data

The historical data trend for CCSC Technology International Holdings'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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CCSC Technology International Holdings Days Payable Chart

CCSC Technology International Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Days Payable

74.41

65.36

62.79

CCSC Technology International Holdings Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial			55.74	75.92	62.24	71.39	64.18

Competitive Comparison of CCSC Technology International Holdings's Days Payable

For the Electrical Equipment & Parts subindustry, CCSC Technology International Holdings'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.

CCSC Technology International Holdings's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CCSC Technology International Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where CCSC Technology International Holdings's Days Payable falls into.

CCSC Technology International Holdings 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.

CCSC Technology International Holdings's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (3.907	+	1.664)	/	2 )	/	16.191	*	365
=	2.7855					/	16.191	*	365
=	62.79

CCSC Technology International Holdings's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1.664	+	2.01)	/	2 )	/	5.224	*	365 / 2
=	1.837					/	5.224	*	365 / 2
=	64.18

CCSC Technology International Holdings Days Payable Related Terms

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CCSC Technology International Holdings (CCSC Technology International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CCSC Technology International Holdings Ltd (NAS:CCTG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

CCSC Technology International Holdings Ltd is a company primarily involved in the sale, design and manufacturing of interconnect products, including connectors, cables and wire harnesses. They specialize in customized interconnect products, including connectors, cables and harnesses that are used for a range of applications in a diversified set of industries, including industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products.

CCSC Technology International Holdings (CCSC Technology International Holdings) Headlines

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