JCET Group Co (SHSE:600584) Days Payable : 74.58 (As of Mar. 2024)

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What is JCET Group Co Days Payable?

JCET Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥4,910 Mil. JCET Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥6,007 Mil. Hence, JCET Group Co's Days Payable for the three months ended in Mar. 2024 was 74.58.

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

SHSE:600584' s Days Payable Range Over the Past 10 Years
Min: 68.6 Med: 84.67 Max: 93.66
Current: 68.6

During the past 13 years, JCET Group Co's highest Days Payable was 93.66. The lowest was 68.60. And the median was 84.67.

SHSE:600584's Days Payable is ranked better than
64.35% of 965 companies
in the Semiconductors industry
Industry Median: 51.74 vs SHSE:600584: 68.60

JCET Group Co's Days Payable declined from Mar. 2023 (77.34) to Mar. 2024 (74.58). It may suggest that JCET Group Co accelerated paying its suppliers.

JCET Group Co Days Payable Historical Data

The historical data trend for JCET Group 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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JCET Group Co Days Payable Chart

JCET Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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90.80

86.36

79.85

70.70

71.10

JCET Group 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															77.34	73.24	72.61	65.13	74.58

Competitive Comparison of JCET Group Co's Days Payable

For the Semiconductors subindustry, JCET Group 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.

JCET Group Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, JCET Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where JCET Group Co's Days Payable falls into.

JCET Group 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.

JCET Group 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
=	( (4972.946	+	5005.253)	/	2 )	/	25611.515	*	365
=	4989.0995					/	25611.515	*	365
=	71.10

JCET Group 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
=	( (5005.253	+	4814.579)	/	2 )	/	6007.182	*	365 / 4
=	4909.916					/	6007.182	*	365 / 4
=	74.58

JCET Group Co Days Payable Related Terms

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JCET Group Co (SHSE:600584) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » JCET Group Co Ltd (SHSE:600584) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 99, Chengjiang East Road, Jiangsu Province, Jiangyin, CHN, 214431

Website

http://www.cj-elec.com

JCET Group Co Ltd is engaged in providing packaging design, product development, and certification, with a range of services including semiconductor design, wafer probe, bump, packaging, test and drop shipment. The company has a portfolio of technology and solutions, including the intellectual property (IP) rights of Fan-out embedded Wafer Level Ball Grid Array (eWLB), wafer level chip scale packaging (WLCSP), wafer bump, Package-on-Package (PoP), flip chip Ball Grid Array (fcBGA) and System-in-Package (SiP).

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