Techshine Electronics Co (SZSE:301379) Days Payable : 113.57 (As of Mar. 2024)

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What is Techshine Electronics Co Days Payable?

Techshine Electronics Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥300 Mil. Techshine Electronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥241 Mil. Hence, Techshine Electronics Co's Days Payable for the three months ended in Mar. 2024 was 113.57.

The historical rank and industry rank for Techshine Electronics Co's Days Payable or its related term are showing as below:

SZSE:301379' s Days Payable Range Over the Past 10 Years
Min: 114.51 Med: 120.26 Max: 151.3
Current: 116.45

During the past 6 years, Techshine Electronics Co's highest Days Payable was 151.30. The lowest was 114.51. And the median was 120.26.

SZSE:301379's Days Payable is ranked better than
76.57% of 2424 companies
in the Hardware industry
Industry Median: 68.11 vs SZSE:301379: 116.45

Techshine Electronics Co's Days Payable declined from Mar. 2023 (137.25) to Mar. 2024 (113.57). It may suggest that Techshine Electronics Co accelerated paying its suppliers.

Techshine Electronics Co Days Payable Historical Data

The historical data trend for Techshine Electronics 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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Techshine Electronics Co Days Payable Chart

Techshine Electronics Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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120.63

151.30

114.51

126.79

119.89

Techshine Electronics Co Quarterly Data
	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial													137.25	116.51	121.37	115.66	113.57

Competitive Comparison of Techshine Electronics Co's Days Payable

For the Electronic Components subindustry, Techshine Electronics 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.

Techshine Electronics Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Techshine Electronics Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Techshine Electronics Co's Days Payable falls into.

Techshine Electronics 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.

Techshine Electronics 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
=	( (363.482	+	307.396)	/	2 )	/	1021.249	*	365
=	335.439					/	1021.249	*	365
=	119.89

Techshine Electronics 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
=	( (307.396	+	292.527)	/	2 )	/	241.011	*	365 / 4
=	299.9615					/	241.011	*	365 / 4
=	113.57

Techshine Electronics Co Days Payable Related Terms

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Techshine Electronics Co (SZSE:301379) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Techshine Electronics Co Ltd (SZSE:301379) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wulidong, Tanxu Town, Guangxi Zhuang Autonomous Region, Lingshan, Qinzhou, CHN

Website

http://www.techshine.com.cn

Techshine Electronics Co Ltd is engaged in the research and development, design, production and sales of customized LCD screens and display modules in the professional display field.

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