Shenzhen Rongda Photosensitive & Technology Co (SZSE:300576) Days Payable : 204.65 (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Shenzhen Rongda Photosensitive & Technology Co Days Payable?

Shenzhen Rongda Photosensitive & Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥282.2 Mil. Shenzhen Rongda Photosensitive & Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥125.8 Mil. Hence, Shenzhen Rongda Photosensitive & Technology Co's Days Payable for the three months ended in Mar. 2024 was 204.65.

The historical rank and industry rank for Shenzhen Rongda Photosensitive & Technology Co's Days Payable or its related term are showing as below:

SZSE:300576' s Days Payable Range Over the Past 10 Years
Min: 96.96 Med: 149.36 Max: 254.35
Current: 208.79

During the past 13 years, Shenzhen Rongda Photosensitive & Technology Co's highest Days Payable was 254.35. The lowest was 96.96. And the median was 149.36.

SZSE:300576's Days Payable is ranked better than
94.4% of 1501 companies
in the Chemicals industry
Industry Median: 60.59 vs SZSE:300576: 208.79

Shenzhen Rongda Photosensitive & Technology Co's Days Payable declined from Mar. 2023 (268.15) to Mar. 2024 (204.65). It may suggest that Shenzhen Rongda Photosensitive & Technology Co accelerated paying its suppliers.

Shenzhen Rongda Photosensitive & Technology Co Days Payable Historical Data

The historical data trend for Shenzhen Rongda Photosensitive & 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.

Shenzhen Rongda Photosensitive & Technology Co Days Payable Chart

Shenzhen Rongda Photosensitive & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

175.33

229.15

208.13

254.35

238.01

Shenzhen Rongda Photosensitive & 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															268.15	214.36	220.58	215.71	204.65

Competitive Comparison of Shenzhen Rongda Photosensitive & Technology Co's Days Payable

For the Specialty Chemicals subindustry, Shenzhen Rongda Photosensitive & 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 Rongda Photosensitive & Technology Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shenzhen Rongda Photosensitive & Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenzhen Rongda Photosensitive & Technology Co's Days Payable falls into.

Shenzhen Rongda Photosensitive & 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 Rongda Photosensitive & 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
=	( (342.483	+	325.099)	/	2 )	/	511.878	*	365
=	333.791					/	511.878	*	365
=	238.01

Shenzhen Rongda Photosensitive & 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
=	( (325.099	+	239.358)	/	2 )	/	125.84	*	365 / 4
=	282.2285					/	125.84	*	365 / 4
=	204.65

Shenzhen Rongda Photosensitive & Technology Co Days Payable Related Terms

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

Shenzhen Rongda Photosensitive & Technology Co (SZSE:300576) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenzhen Rongda Photosensitive & Technology Co Ltd (SZSE:300576) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 71-5, Xintian Avenue, Fuhai Street, Room 301, Xintian Community, Guangdong, Baoan District, Shenzhen, CHN, 518103

Website

http://www.szrd.com

Shenzhen Rongda Photosensitive & Technology Co Ltd produces and sells photosensitive chemical materials in China. It offers PCB Ink, Positive photoresist and Special inks.

Executives

Yang Yu Chun	Directors, executives
Huang Yong	Directors, executives
Cai Qi Shang	Directors, Directors, and Executives
Liu Qi Sheng	Directors, executives
Wei Zhi Jun	Supervisors
Chen Wu	Executives
Liu Qun Ying	Supervisors

Shenzhen Rongda Photosensitive & Technology Co (SZSE:300576) Headlines

No Headlines