China Bester Group Telecom Co (SHSE:603220) Days Payable : 247.80 (As of Mar. 2024)

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What is China Bester Group Telecom Co Days Payable?

China Bester Group Telecom Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,640 Mil. China Bester Group Telecom Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥604 Mil. Hence, China Bester Group Telecom Co's Days Payable for the three months ended in Mar. 2024 was 247.80.

The historical rank and industry rank for China Bester Group Telecom Co's Days Payable or its related term are showing as below:

SHSE:603220' s Days Payable Range Over the Past 10 Years
Min: 184.55 Med: 276.04 Max: 320.3
Current: 222.31

During the past 10 years, China Bester Group Telecom Co's highest Days Payable was 320.30. The lowest was 184.55. And the median was 276.04.

SHSE:603220's Days Payable is ranked better than
78.26% of 345 companies
in the Telecommunication Services industry
Industry Median: 102.31 vs SHSE:603220: 222.31

China Bester Group Telecom Co's Days Payable declined from Mar. 2023 (297.48) to Mar. 2024 (247.80). It may suggest that China Bester Group Telecom Co accelerated paying its suppliers.

China Bester Group Telecom Co Days Payable Historical Data

The historical data trend for China Bester Group Telecom 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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China Bester Group Telecom Co Days Payable Chart

China Bester Group Telecom Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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299.99

293.29

277.59

276.04

270.89

China Bester Group Telecom 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															297.48	215.46	240.83	209.82	247.80

Competitive Comparison of China Bester Group Telecom Co's Days Payable

For the Telecom Services subindustry, China Bester Group Telecom 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.

China Bester Group Telecom Co's Days Payable Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China Bester Group Telecom Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China Bester Group Telecom Co's Days Payable falls into.

China Bester Group Telecom 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.

China Bester Group Telecom 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
=	( (1702.755	+	1852.269)	/	2 )	/	2395.055	*	365
=	1777.512					/	2395.055	*	365
=	270.89

China Bester Group Telecom 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
=	( (1852.269	+	1428.11)	/	2 )	/	603.976	*	365 / 4
=	1640.1895					/	603.976	*	365 / 4
=	247.80

China Bester Group Telecom Co Days Payable Related Terms

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China Bester Group Telecom Co (SHSE:603220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Bester Group Telecom Co Ltd (SHSE:603220) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 25, Jiangxing Road, Building C, Jianghan Economic Development Zone, Wuhan, Hubei, CHN, 430023

Website

http://www.whbester.com

China Bester Group Telecom Co Ltd formerly known as Wuhan Bester Group Telecom Co Ltd is specialized in communications network technology services. It is engaged in planning, design, construction, maintenance, and optimization of communications networks for telecom operators in China. It offers full-service information solutions for governments, industries and enterprises. Further it offers personalized information services to the public.

Executives

Feng Gang	Director
Yu Shi Liang	senior management
Li Yun	Directors, senior managers
Li Liu Bing	Directors, senior managers
Li Wei Jian	senior management
Tang Hai Bin	Supervisors
Wu Yan Qin	Director
Rao You Gen	senior management
Cheng De Song	senior management

China Bester Group Telecom Co (SHSE:603220) Headlines

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