Solareast Holdings Co (SHSE:603366) Days Payable : 173.43 (As of Mar. 2024)

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What is Solareast Holdings Co Days Payable?

Solareast Holdings Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,016 Mil. Solareast Holdings Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥534 Mil. Hence, Solareast Holdings Co's Days Payable for the three months ended in Mar. 2024 was 173.43.

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

SHSE:603366' s Days Payable Range Over the Past 10 Years
Min: 44.88 Med: 113.97 Max: 140.59
Current: 105.16

During the past 13 years, Solareast Holdings Co's highest Days Payable was 140.59. The lowest was 44.88. And the median was 113.97.

SHSE:603366's Days Payable is ranked better than
78.55% of 965 companies
in the Semiconductors industry
Industry Median: 52.34 vs SHSE:603366: 105.16

Solareast Holdings Co's Days Payable increased from Mar. 2023 (126.77) to Mar. 2024 (173.43). It may suggest that Solareast Holdings Co delayed paying its suppliers.

Solareast Holdings Co Days Payable Historical Data

The historical data trend for Solareast Holdings 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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Solareast Holdings Co Days Payable Chart

Solareast Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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135.06

140.59

114.03

118.53

107.00

Solareast Holdings 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															126.77	99.43	81.17	106.05	173.43

Competitive Comparison of Solareast Holdings Co's Days Payable

For the Solar subindustry, Solareast Holdings 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.

Solareast Holdings Co's Days Payable Distribution in the Semiconductors Industry

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

* The bar in red indicates where Solareast Holdings Co's Days Payable falls into.

Solareast Holdings 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.

Solareast Holdings 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
=	( (863.956	+	1148.082)	/	2 )	/	3431.602	*	365
=	1006.019					/	3431.602	*	365
=	107.00

Solareast Holdings 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
=	( (1148.082	+	883.368)	/	2 )	/	534.435	*	365 / 4
=	1015.725					/	534.435	*	365 / 4
=	173.43

Solareast Holdings Co Days Payable Related Terms

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Solareast Holdings Co (SHSE:603366) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solareast Holdings Co Ltd (SHSE:603366) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Ninghai Industrial Zone, Lianyungang, Jiangsu Province, CHN, 222243

Website

http://en.sunrain.com

Solareast Holdings Co Ltd, formerly Jiangsu Sunrain Solar Energy Co Ltd operates in the solar energy industry. It is specialized in research and application of solar energy. The company's products are exported to more than 100 countries and regions all over the world. It provides solutions for healthy hot water and water purification system. The product range includes heat pipe collector R1, U pipe collector, domestic series heat pump, non-pressure solar water heater, pressurized pre-heated solar water heater and solar charger.

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