Suzhou TFC Optical Communications Co (SZSE:300394) Days Payable : 69.43 (As of Mar. 2024)

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What is Suzhou TFC Optical Communications Co Days Payable?

Suzhou TFC Optical Communications Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥248 Mil. Suzhou TFC Optical Communications Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥325 Mil. Hence, Suzhou TFC Optical Communications Co's Days Payable for the three months ended in Mar. 2024 was 69.43.

The historical rank and industry rank for Suzhou TFC Optical Communications Co's Days Payable or its related term are showing as below:

SZSE:300394' s Days Payable Range Over the Past 10 Years
Min: 38.33 Med: 76.38 Max: 111.95
Current: 65

During the past 13 years, Suzhou TFC Optical Communications Co's highest Days Payable was 111.95. The lowest was 38.33. And the median was 76.38.

SZSE:300394's Days Payable is ranked worse than
53.24% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs SZSE:300394: 65.00

Suzhou TFC Optical Communications Co's Days Payable declined from Mar. 2023 (76.70) to Mar. 2024 (69.43). It may suggest that Suzhou TFC Optical Communications Co accelerated paying its suppliers.

Suzhou TFC Optical Communications Co Days Payable Historical Data

The historical data trend for Suzhou TFC Optical Communications 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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Suzhou TFC Optical Communications Co Days Payable Chart

Suzhou TFC Optical Communications Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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111.95

96.66

76.48

68.81

80.90

Suzhou TFC Optical Communications 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															76.70	65.83	64.25	66.98	69.43

Competitive Comparison of Suzhou TFC Optical Communications Co's Days Payable

For the Communication Equipment subindustry, Suzhou TFC Optical Communications 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.

Suzhou TFC Optical Communications Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Suzhou TFC Optical Communications Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Suzhou TFC Optical Communications Co's Days Payable falls into.

Suzhou TFC Optical Communications 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.

Suzhou TFC Optical Communications 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
=	( (115.89	+	276.828)	/	2 )	/	885.879	*	365
=	196.359					/	885.879	*	365
=	80.90

Suzhou TFC Optical Communications 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
=	( (276.828	+	218.483)	/	2 )	/	325.486	*	365 / 4
=	247.6555					/	325.486	*	365 / 4
=	69.43

Suzhou TFC Optical Communications Co Days Payable Related Terms

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Suzhou TFC Optical Communications Co (SZSE:300394) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Suzhou TFC Optical Communications Co Ltd (SZSE:300394) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 695, Changjiang Road, High-new District, Jiangsu Province, Suzhou, CHN

Website

http://www.tfcsz.com

Suzhou TFC Optical Communications Co Ltd is a fiber optical network connective component solution provider. It integrates Research and Development, production, and marketing of the products, which are widely used in telecom communication, data communication, and the Internet of things. Its products include Zirconia ceramics, CNC precision metal parts, Receptacles, Isolators, Fiber lenses, Fiber optic connectors, injection molding, and Optical fiber adaptors.

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