UTime (WTO) Days Payable : 270.35 (As of Sep. 2023)

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What is UTime Days Payable?

UTime's average Accounts Payable for the six months ended in Sep. 2023 was $16.23 Mil. UTime's Cost of Goods Sold for the six months ended in Sep. 2023 was $10.96 Mil. Hence, UTime's Days Payable for the six months ended in Sep. 2023 was 270.35.

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

WTO' s Days Payable Range Over the Past 10 Years
Min: 79.76 Med: 111.92 Max: 312.62
Current: 312.62

During the past 7 years, UTime's highest Days Payable was 312.62. The lowest was 79.76. And the median was 111.92.

WTO's Days Payable is ranked better than
95.66% of 2419 companies
in the Hardware industry
Industry Median: 67.83 vs WTO: 312.62

UTime's Days Payable increased from Sep. 2022 (155.97) to Sep. 2023 (270.35). It may suggest that UTime delayed paying its suppliers.

UTime Days Payable Historical Data

The historical data trend for UTime'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.

* Premium members only.

UTime Days Payable Chart

UTime Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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135.95

154.81

87.89

85.35

222.28

UTime Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial								130.58	84.83	155.97	394.57	270.35

Competitive Comparison of UTime's Days Payable

For the Consumer Electronics subindustry, UTime'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.

UTime's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where UTime's Days Payable falls into.

UTime 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.

UTime's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (11.747	+	18.385)	/	2 )	/	24.74	*	365
=	15.066					/	24.74	*	365
=	222.28

UTime'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: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (18.385	+	14.084)	/	2 )	/	10.959	*	365 / 2
=	16.2345					/	10.959	*	365 / 2
=	270.35

UTime Days Payable Related Terms

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UTime (WTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » UTime Ltd (NAS:WTO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1006 Keyuan Road, 7th Floor, Building 5A, Shenzhen Software Industry Base, Nanshan District, Shenzhen, CHN, 518061

Website

https://www.utimemobile.com

UTime Ltd is engaged in the design, development, production, sales and brand operation of mobile phones, accessories and related consumer electronics. It also provides Electronics Manufacturing Services (EMS), including Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) services, for renowned brands. The company operates in China and its products are sold globally, including India, Brazil, the United States, and other emerging markets in South Asia and Africa as well as Europe. It has two in-house brands, UTime, known as its middle-to-high end label and targets middle class consumers from emerging markets; and Do, as its low- to mid-end brand, is positioned to the grassroots consumers and price-sensitive consumers in emerging markets.

Executives

Hailin Xie	director	SHENZHEN SOFTWARE INDUSTRY BASE, 7TH FLOOR, BUILDING 5A, SHENZHEN F4 518061
Na Cai	director	SHENZHEN SOFTWARE INDUSTRY BASE, 7TH FLOOR, BUILDING 5A, SHENZHEN F4 518061
Xiaoqian Jia	director	SHENZHEN SOFTWARE INDUSTRY BASE, 7TH FLOOR, BUILDING 5A, SHENZHEN F4 518061
Hengcong Qiu	director, officer: Chief Executive Officer	SHENZHEN SOFTWARE INDUSTRY BASE, 7TH FLOOR, BUILDING 5A, SHENZHEN F4 518061