Zhejiang Akcome New Energy Technology Co (SZSE:002610) Days Payable : 332.68 (As of Sep. 2023)

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What is Zhejiang Akcome New Energy Technology Co Days Payable?

Zhejiang Akcome New Energy Technology Co's average Accounts Payable for the three months ended in Sep. 2023 was ¥3,025 Mil. Zhejiang Akcome New Energy Technology Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥830 Mil. Hence, Zhejiang Akcome New Energy Technology Co's Days Payable for the three months ended in Sep. 2023 was 332.68.

The historical rank and industry rank for Zhejiang Akcome New Energy Technology Co's Days Payable or its related term are showing as below:

SZSE:002610' s Days Payable Range Over the Past 10 Years
Min: 121.66 Med: 166.68 Max: 291.6
Current: 192.58

During the past 13 years, Zhejiang Akcome New Energy Technology Co's highest Days Payable was 291.60. The lowest was 121.66. And the median was 166.68.

SZSE:002610's Days Payable is ranked better than
90.53% of 961 companies
in the Semiconductors industry
Industry Median: 51.74 vs SZSE:002610: 192.58

Zhejiang Akcome New Energy Technology Co's Days Payable increased from Sep. 2022 (125.40) to Sep. 2023 (332.68). It may suggest that Zhejiang Akcome New Energy Technology Co delayed paying its suppliers.

Zhejiang Akcome New Energy Technology Co Days Payable Historical Data

The historical data trend for Zhejiang Akcome New Energy 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.

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Zhejiang Akcome New Energy Technology Co Days Payable Chart

Zhejiang Akcome New Energy Technology Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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131.83

121.66

184.92

167.24

122.71

Zhejiang Akcome New Energy Technology Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															125.40	118.52	258.55	185.71	332.68

Competitive Comparison of Zhejiang Akcome New Energy Technology Co's Days Payable

For the Solar subindustry, Zhejiang Akcome New Energy 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.

Zhejiang Akcome New Energy Technology Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Zhejiang Akcome New Energy Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Akcome New Energy Technology Co's Days Payable falls into.

Zhejiang Akcome New Energy 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.

Zhejiang Akcome New Energy Technology Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (1335.248	+	3205.652)	/	2 )	/	6753.421	*	365
=	2270.45					/	6753.421	*	365
=	122.71

Zhejiang Akcome New Energy Technology Co's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (2998.855	+	3050.495)	/	2 )	/	829.624	*	365 / 4
=	3024.675					/	829.624	*	365 / 4
=	332.68

Zhejiang Akcome New Energy Technology Co Days Payable Related Terms

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Zhejiang Akcome New Energy Technology Co (SZSE:002610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Zhejiang Akcome New Energy Technology Co Ltd (SZSE:002610) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

West Jintang Road, Economic Development Zone of Zhangjiagang, Jiangsu Province, Zhangjiagang, CHN, 215600

Website

http://www.akcome.com

Zhejiang Akcome New Energy Technology Co Ltd Formerly Jiangsu Akcome Science & Technology Co Ltd is a Chinese technology-based company specialized in the investment and operation of power generated by new energy, and the one-stop provision of photovoltaic (PV) accessories. It offers products such as the solar framework, sectional material, modules, solar cell, aluminum framework of polar battery, PV installation rack and PV welding strip. In addition, the company is also involved in the online energy business. The company has a business presence in China and other countries.

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