Anker Innovations Technology Co (SZSE:300866) Days Payable : 62.65 (As of Sep. 2023)

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What is Anker Innovations Technology Co Days Payable?

Anker Innovations Technology Co's average Accounts Payable for the three months ended in Sep. 2023 was ¥1,832 Mil. Anker Innovations Technology Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥2,669 Mil. Hence, Anker Innovations Technology Co's Days Payable for the three months ended in Sep. 2023 was 62.65.

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

SZSE:300866' s Days Payable Range Over the Past 10 Years
Min: 32.57 Med: 46.83 Max: 62.71
Current: 49.93

During the past 7 years, Anker Innovations Technology Co's highest Days Payable was 62.71. The lowest was 32.57. And the median was 46.83.

SZSE:300866's Days Payable is ranked worse than
68.29% of 2419 companies
in the Hardware industry
Industry Median: 67.83 vs SZSE:300866: 49.93

Anker Innovations Technology Co's Days Payable increased from Sep. 2022 (36.41) to Sep. 2023 (62.65). It may suggest that Anker Innovations Technology Co delayed paying its suppliers.

Anker Innovations Technology Co Days Payable Historical Data

The historical data trend for Anker Innovations 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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Anker Innovations Technology Co Days Payable Chart

Anker Innovations Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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48.87

57.26

38.53

32.57

34.73

Anker Innovations Technology Co Quarterly Data
	Dec17	Dec18	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															36.41	29.14	42.31	53.85	62.65

Competitive Comparison of Anker Innovations Technology Co's Days Payable

For the Consumer Electronics subindustry, Anker Innovations 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.

Anker Innovations Technology Co's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Anker Innovations Technology Co's Days Payable falls into.

Anker Innovations 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.

Anker Innovations 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
=	( (875.95	+	785.478)	/	2 )	/	8730.995	*	365
=	830.714					/	8730.995	*	365
=	34.73

Anker Innovations 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
=	( (1377.641	+	2287.042)	/	2 )	/	2668.981	*	365 / 4
=	1832.3415					/	2668.981	*	365 / 4
=	62.65

Anker Innovations Technology Co Days Payable Related Terms

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Anker Innovations Technology Co (SZSE:300866) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Anker Innovations Technology Co Ltd (SZSE:300866) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Phase I, No. 39 Jianshan Road, Room 701, 7th Floor, Building 7, Hunan Province, Changsha China Power Software Park Co., Ltd, Changsha High-tech Development Zone, Changsha, CHN, 410205

Website

https://www.anker-in.com

Anker Innovations Technology Co Ltd development, design and sales of consumer electronic products such as mobile device peripheral products and smart hardware products of its own brand. The company's brands include Anker that provides wired and wireless charging products; Soundcore provides audio devices such as speakers and earphones; EUFY provides smart appliances such as home speaker, lights, vacuums and smart plugs; NEBULA provides smart, portable entertainment devices; and ROAV provides smart, connected services to any vehicle.

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