Yangtze Optical Fibre and Cable Joint Stock Co (HKSE:06869) Days Payable : 109.65 (As of Mar. 2024)

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What is Yangtze Optical Fibre and Cable Joint Stock Co Days Payable?

Yangtze Optical Fibre and Cable Joint Stock Co's average Accounts Payable for the three months ended in Mar. 2024 was HK$2,280.89 Mil. Yangtze Optical Fibre and Cable Joint Stock Co's Cost of Goods Sold for the three months ended in Mar. 2024 was HK$1,898.09 Mil. Hence, Yangtze Optical Fibre and Cable Joint Stock Co's Days Payable for the three months ended in Mar. 2024 was 109.65.

The historical rank and industry rank for Yangtze Optical Fibre and Cable Joint Stock Co's Days Payable or its related term are showing as below:

HKSE:06869' s Days Payable Range Over the Past 10 Years
Min: 48.51 Med: 69.49 Max: 113.04
Current: 113.04

During the past 11 years, Yangtze Optical Fibre and Cable Joint Stock Co's highest Days Payable was 113.04. The lowest was 48.51. And the median was 69.49.

HKSE:06869's Days Payable is ranked better than
75.49% of 2419 companies
in the Hardware industry
Industry Median: 67.95 vs HKSE:06869: 113.04

Yangtze Optical Fibre and Cable Joint Stock Co's Days Payable increased from Mar. 2023 (90.40) to Mar. 2024 (109.65). It may suggest that Yangtze Optical Fibre and Cable Joint Stock Co delayed paying its suppliers.

Yangtze Optical Fibre and Cable Joint Stock Co Days Payable Historical Data

The historical data trend for Yangtze Optical Fibre and Cable Joint Stock 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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Yangtze Optical Fibre and Cable Joint Stock Co Days Payable Chart

Yangtze Optical Fibre and Cable Joint Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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78.83

85.39

96.69

83.63

91.32

Yangtze Optical Fibre and Cable Joint Stock Co Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															90.40	84.64	83.87	-	109.65

Competitive Comparison of Yangtze Optical Fibre and Cable Joint Stock Co's Days Payable

For the Communication Equipment subindustry, Yangtze Optical Fibre and Cable Joint Stock 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.

Yangtze Optical Fibre and Cable Joint Stock Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Yangtze Optical Fibre and Cable Joint Stock Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Yangtze Optical Fibre and Cable Joint Stock Co's Days Payable falls into.

Yangtze Optical Fibre and Cable Joint Stock 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.

Yangtze Optical Fibre and Cable Joint Stock 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
=	( (2687.898	+	2829.464)	/	2 )	/	11026.163	*	365
=	2758.681					/	11026.163	*	365
=	91.32

Yangtze Optical Fibre and Cable Joint Stock 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
=	( (2829.464	+	1732.325)	/	2 )	/	1898.093	*	365 / 4
=	2280.8945					/	1898.093	*	365 / 4
=	109.65

Yangtze Optical Fibre and Cable Joint Stock Co Days Payable Related Terms

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Yangtze Optical Fibre and Cable Joint Stock Co (HKSE:06869) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Yangtze Optical Fibre and Cable Joint Stock Ltd Co (HKSE:06869) » Definitions » Days Payable

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Traded in Other Exchanges

YZOFF:USA 1YO:Germany 601869:China

Address

No. 9 Guanggu Avenue, East Lake High-tech Development Zone, Hubei Province, Wuhan, CHN, 430073

Website

https://www.yofc.com

Yangtze Optical Fibre and Cable Joint Stock Ltd Co is engaged in the Chinese communication equipment industry. It manufactures and sells optical fiber preforms, optical fibers with various standard specifications that are widely used in the telecommunications industry. It operates its business through two operating segments, optical fibers and optical fiber preforms; and optical fiber cables. The manufacture and sale of optical fiber cables provide the company with majority of its revenue. Its other products comprise of trunk cables, patch cords, plug-and-play modules, optical distribution frames, pigtails, adapter panels, splitters, and connecting cabinets.

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