WG Tech (Jiang Xi) Co (SHSE:603773) Days Payable : 148.86 (As of Mar. 2024)

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What is WG Tech (Jiang Xi) Co Days Payable?

WG Tech (Jiang Xi) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥706 Mil. WG Tech (Jiang Xi) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥433 Mil. Hence, WG Tech (Jiang Xi) Co's Days Payable for the three months ended in Mar. 2024 was 148.86.

The historical rank and industry rank for WG Tech (Jiang Xi) Co's Days Payable or its related term are showing as below:

SHSE:603773' s Days Payable Range Over the Past 10 Years
Min: 83.56 Med: 127.61 Max: 165.08
Current: 153.6

During the past 11 years, WG Tech (Jiang Xi) Co's highest Days Payable was 165.08. The lowest was 83.56. And the median was 127.61.

SHSE:603773's Days Payable is ranked better than
85.24% of 2418 companies
in the Hardware industry
Industry Median: 67.94 vs SHSE:603773: 153.60

WG Tech (Jiang Xi) Co's Days Payable declined from Mar. 2023 (204.78) to Mar. 2024 (148.86). It may suggest that WG Tech (Jiang Xi) Co accelerated paying its suppliers.

WG Tech (Jiang Xi) Co Days Payable Historical Data

The historical data trend for WG Tech (Jiang Xi) 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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WG Tech (Jiang Xi) Co Days Payable Chart

WG Tech (Jiang Xi) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

123.67

149.74

118.43

161.70

165.08

WG Tech (Jiang Xi) 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															204.78	164.56	159.57	144.52	148.86

Competitive Comparison of WG Tech (Jiang Xi) Co's Days Payable

For the Electronic Components subindustry, WG Tech (Jiang Xi) 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.

WG Tech (Jiang Xi) Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, WG Tech (Jiang Xi) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where WG Tech (Jiang Xi) Co's Days Payable falls into.

WG Tech (Jiang Xi) 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.

WG Tech (Jiang Xi) 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
=	( (630.286	+	678.6)	/	2 )	/	1447.017	*	365
=	654.443					/	1447.017	*	365
=	165.08

WG Tech (Jiang Xi) 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
=	( (678.6	+	733.467)	/	2 )	/	432.804	*	365 / 4
=	706.0335					/	432.804	*	365 / 4
=	148.86

WG Tech (Jiang Xi) Co Days Payable Related Terms

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WG Tech (Jiang Xi) Co (SHSE:603773) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » WG Tech (Jiang Xi) Co Ltd (SHSE:603773) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

National High-Tech Economic Development Zone, Industrial Park West Avenue Vogt, Jiangxi, Xinyu, CHN, 338004

Website

http://www.wgtechjx.com

WG Tech (Jiang Xi) Co Ltd is engaged in coating, production, cutting, sales and research and development of TFT-LCD glass panels. The company offers TFT-LCD glass thin, ITO coating and LENS COVER.

Executives

Hu Fang Fang	senior management
Xiong Wei	Supervisors
Kang Zhi Hua	Director
Zhang Xun	Director
Liu Wen Gao	Director
Yi Wei Hua	Director
Zhang Xiong Bin	Director

WG Tech (Jiang Xi) Co (SHSE:603773) Headlines

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