Wuxi Sunlit Science and Technology Co (HKSE:01289) Days Payable : 155.90 (As of Dec. 2023)

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What is Wuxi Sunlit Science and Technology Co Days Payable?

Wuxi Sunlit Science and Technology Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$169.6 Mil. Wuxi Sunlit Science and Technology Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$198.5 Mil. Hence, Wuxi Sunlit Science and Technology Co's Days Payable for the six months ended in Dec. 2023 was 155.90.

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

HKSE:01289' s Days Payable Range Over the Past 10 Years
Min: 153.1 Med: 204.81 Max: 392.81
Current: 263.56

During the past 11 years, Wuxi Sunlit Science and Technology Co's highest Days Payable was 392.81. The lowest was 153.10. And the median was 204.81.

HKSE:01289's Days Payable is ranked better than
93.59% of 2933 companies
in the Industrial Products industry
Industry Median: 76.43 vs HKSE:01289: 263.56

Wuxi Sunlit Science and Technology Co's Days Payable declined from Dec. 2022 (195.06) to Dec. 2023 (155.90). It may suggest that Wuxi Sunlit Science and Technology Co accelerated paying its suppliers.

Wuxi Sunlit Science and Technology Co Days Payable Historical Data

The historical data trend for Wuxi Sunlit Science and 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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Wuxi Sunlit Science and Technology Co Days Payable Chart

Wuxi Sunlit Science and Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

178.35

244.27

153.10

238.73

282.56

Wuxi Sunlit Science and Technology Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															212.07	173.39	195.06	750.08	155.90

Competitive Comparison of Wuxi Sunlit Science and Technology Co's Days Payable

For the Specialty Industrial Machinery subindustry, Wuxi Sunlit Science and 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.

Wuxi Sunlit Science and Technology Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wuxi Sunlit Science and Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Wuxi Sunlit Science and Technology Co's Days Payable falls into.

Wuxi Sunlit Science and 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.

Wuxi Sunlit Science and Technology 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
=	( (175.956	+	192.188)	/	2 )	/	237.78	*	365
=	184.072					/	237.78	*	365
=	282.56

Wuxi Sunlit Science and Technology Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (146.952	+	192.188)	/	2 )	/	198.497	*	365 / 2
=	169.57					/	198.497	*	365 / 2
=	155.90

Wuxi Sunlit Science and Technology Co Days Payable Related Terms

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Wuxi Sunlit Science and Technology Co (HKSE:01289) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Sunlit Science and Technology Co Ltd (HKSE:01289) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Yanxin Road East, Huishan Economic Development Zone, Jiangsu Province, Wuxi, CHN, 214174

Website

https://www.wxsunlit.com

Wuxi Sunlit Science and Technology Co Ltd is a China-based company. It is engaged in the research and development, design, manufacture, equipment supply, installation, testing, repair, and maintenance of production lines for manufacturing steel wire products in the People's Republic of China. The company's product portfolio includes brass electroplated wire production lines, standalone machines, double-twist stranding machines, wet drawing machines, mold repairing equipment, parts, and accessories. Geographically, the company operates in Mainland China and other countries, of which the majority of the revenue is earned in Mainland China.

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