Shanghai Aiko Solar Energy Co (SHSE:600732) Days Payable : 487.63 (As of Mar. 2024)

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What is Shanghai Aiko Solar Energy Co Days Payable?

Shanghai Aiko Solar Energy Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥11,695 Mil. Shanghai Aiko Solar Energy Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,189 Mil. Hence, Shanghai Aiko Solar Energy Co's Days Payable for the three months ended in Mar. 2024 was 487.63.

The historical rank and industry rank for Shanghai Aiko Solar Energy Co's Days Payable or its related term are showing as below:

SHSE:600732' s Days Payable Range Over the Past 10 Years
Min: 56.63 Med: 117.18 Max: 259.89
Current: 212.2

During the past 13 years, Shanghai Aiko Solar Energy Co's highest Days Payable was 259.89. The lowest was 56.63. And the median was 117.18.

SHSE:600732's Days Payable is ranked better than
92.1% of 962 companies
in the Semiconductors industry
Industry Median: 51.78 vs SHSE:600732: 212.20

Shanghai Aiko Solar Energy Co's Days Payable increased from Mar. 2023 (103.00) to Mar. 2024 (487.63). It may suggest that Shanghai Aiko Solar Energy Co delayed paying its suppliers.

Shanghai Aiko Solar Energy Co Days Payable Historical Data

The historical data trend for Shanghai Aiko Solar Energy 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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Shanghai Aiko Solar Energy Co Days Payable Chart

Shanghai Aiko Solar Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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126.55

97.04

105.02

82.75

159.95

Shanghai Aiko Solar Energy 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															103.00	116.22	221.92	254.54	487.63

Competitive Comparison of Shanghai Aiko Solar Energy Co's Days Payable

For the Solar subindustry, Shanghai Aiko Solar Energy 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.

Shanghai Aiko Solar Energy Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Shanghai Aiko Solar Energy Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai Aiko Solar Energy Co's Days Payable falls into.

Shanghai Aiko Solar Energy 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.

Shanghai Aiko Solar Energy 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
=	( (7268.613	+	12617.954)	/	2 )	/	22690.182	*	365
=	9943.2835					/	22690.182	*	365
=	159.95

Shanghai Aiko Solar Energy 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
=	( (12617.954	+	10772.329)	/	2 )	/	2188.51	*	365 / 4
=	11695.1415					/	2188.51	*	365 / 4
=	487.63

Shanghai Aiko Solar Energy Co Days Payable Related Terms

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Shanghai Aiko Solar Energy Co (SHSE:600732) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shanghai Aiko Solar Energy Co Ltd (SHSE:600732) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 26, Qiuyue Road, Room 201-1, Building 4, Pudong New District, Shanghai, CHN, 200070

Website

http://www.aikosolar.com

Shanghai Aiko Solar Energy Co Ltd is engaged in research, manufacturing and sales of crystalline silicon solar cells. The company's products include 156.75 PERC Cell, 158.75 PERC cell, and 166 PERC cell.

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