Wingtech Technology Co (SHSE:600745) Days Payable : 89.84 (As of Mar. 2024)

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What is Wingtech Technology Co Days Payable?

Wingtech Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥14,525 Mil. Wingtech Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥14,753 Mil. Hence, Wingtech Technology Co's Days Payable for the three months ended in Mar. 2024 was 89.84.

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

SHSE:600745' s Days Payable Range Over the Past 10 Years
Min: 91.55 Med: 139.04 Max: 1032.68
Current: 91.55

During the past 13 years, Wingtech Technology Co's highest Days Payable was 1032.68. The lowest was 91.55. And the median was 139.04.

SHSE:600745's Days Payable is ranked better than
66.29% of 2421 companies
in the Hardware industry
Industry Median: 67.83 vs SHSE:600745: 91.55

Wingtech Technology Co's Days Payable declined from Mar. 2023 (100.87) to Mar. 2024 (89.84). It may suggest that Wingtech Technology Co accelerated paying its suppliers.

Wingtech Technology Co Days Payable Historical Data

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

Wingtech Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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145.77

162.11

135.70

112.95

102.31

Wingtech 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															100.87	94.33	97.67	88.23	89.84

Competitive Comparison of Wingtech Technology Co's Days Payable

For the Communication Equipment subindustry, Wingtech 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.

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

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

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

Wingtech 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.

Wingtech 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
=	( (14037.164	+	14761.68)	/	2 )	/	51369.047	*	365
=	14399.422					/	51369.047	*	365
=	102.31

Wingtech 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
=	( (14761.68	+	14289.001)	/	2 )	/	14753.301	*	365 / 4
=	14525.3405					/	14753.301	*	365 / 4
=	89.84

Wingtech Technology Co Days Payable Related Terms

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Wingtech Technology Co (SHSE:600745) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wingtech Technology Co Ltd (SHSE:600745) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Mission Town Hill on the 6th district, Hubei Province, Huangshi, CHN, 314000

Website

http://Www.wingtech.com

Wingtech Technology Co Ltd is a China-based company engaged in the research, development, and manufacture of mobile terminals and smart hardware products. Its main products are mobile communication complete machines, mobile communication devices and other mobile communication products, such as smartphones. The company also provides services such as Intelligent Terminal, Virtual Reality, Property and Hotel and other services.

Wingtech Technology Co (SHSE:600745) Headlines

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