Shengyi Technology Co (SHSE:600183) Days Payable : 104.48 (As of Mar. 2024)

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What is Shengyi Technology Co Days Payable?

Shengyi Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥3,986 Mil. Shengyi Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,481 Mil. Hence, Shengyi Technology Co's Days Payable for the three months ended in Mar. 2024 was 104.48.

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

SHSE:600183' s Days Payable Range Over the Past 10 Years
Min: 75.85 Med: 85.58 Max: 102.94
Current: 96.83

During the past 13 years, Shengyi Technology Co's highest Days Payable was 102.94. The lowest was 75.85. And the median was 85.58.

SHSE:600183's Days Payable is ranked better than
69.56% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs SHSE:600183: 96.83

Shengyi Technology Co's Days Payable declined from Mar. 2023 (105.76) to Mar. 2024 (104.48). It may suggest that Shengyi Technology Co accelerated paying its suppliers.

Shengyi Technology Co Days Payable Historical Data

The historical data trend for Shengyi 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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Shengyi Technology Co Days Payable Chart

Shengyi Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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85.64

96.76

87.90

101.13

102.94

Shengyi Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															105.76	90.25	90.65	101.25	104.48

Competitive Comparison of Shengyi Technology Co's Days Payable

For the Electronic Components subindustry, Shengyi 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.

Shengyi Technology Co's Days Payable Distribution in the Hardware Industry

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

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

Shengyi 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.

Shengyi 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
=	( (3675.74	+	3879.835)	/	2 )	/	13395.137	*	365
=	3777.7875					/	13395.137	*	365
=	102.94

Shengyi Technology 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
=	( (3879.835	+	4091.869)	/	2 )	/	3481.092	*	365 / 4
=	3985.852					/	3481.092	*	365 / 4
=	104.48

Shengyi Technology Co Days Payable Related Terms

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Shengyi Technology Co (SHSE:600183) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shengyi Technology Co Ltd (SHSE:600183) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Mo.411, Guansui Avenue, Guangdong Province, Dongguan, CHN

Website

http://www.syst.com.cn

Shengyi Technology Co Ltd is a China-based copper clad laminate company. Some of the products manufactured by the company are FR-4, CEM-1, CEM-3 and Prepreg. Its products are mainly used for making the single side, double-sided and multilayer printed circuits boards. The company sells its products in China and also exports to international countries like the United States, Europe, Singapore, Malaysia, and South Korea.

Shengyi Technology Co (SHSE:600183) Headlines

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