Loongson Technology (SHSE:688047) Days Payable : 231.65 (As of Mar. 2024)

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What is Loongson Technology Days Payable?

Loongson Technology's average Accounts Payable for the three months ended in Mar. 2024 was ¥211.0 Mil. Loongson Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥83.1 Mil. Hence, Loongson Technology's Days Payable for the three months ended in Mar. 2024 was 231.65.

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

SHSE:688047' s Days Payable Range Over the Past 10 Years
Min: 96.14 Med: 207.84 Max: 480.56
Current: 274.18

During the past 6 years, Loongson Technology's highest Days Payable was 480.56. The lowest was 96.14. And the median was 207.84.

SHSE:688047's Days Payable is ranked better than
93.99% of 965 companies
in the Semiconductors industry
Industry Median: 51.74 vs SHSE:688047: 274.18

Loongson Technology's Days Payable declined from Mar. 2023 (332.83) to Mar. 2024 (231.65). It may suggest that Loongson Technology accelerated paying its suppliers.

Loongson Technology Days Payable Historical Data

The historical data trend for Loongson Technology'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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Loongson Technology Days Payable Chart

Loongson Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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179.14

96.14

141.94

236.54

282.33

Loongson Technology Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												332.83	211.50	441.79	323.56	231.65

Competitive Comparison of Loongson Technology's Days Payable

For the Semiconductors subindustry, Loongson Technology'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.

Loongson Technology's Days Payable Distribution in the Semiconductors Industry

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

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

Loongson Technology 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.

Loongson Technology'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
=	( (258.149	+	242.058)	/	2 )	/	323.338	*	365
=	250.1035					/	323.338	*	365
=	282.33

Loongson Technology'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
=	( (242.058	+	179.907)	/	2 )	/	83.108	*	365 / 4
=	210.9825					/	83.108	*	365 / 4
=	231.65

Loongson Technology Days Payable Related Terms

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Loongson Technology (SHSE:688047) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Loongson Technology Corp Ltd (SHSE:688047) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yard 7, Dijin Road, Room 101, 1st Floor, Building 4, Haidian District, Beijing, CHN, 100095

Website

http://www.loongson.cn

Loongson Technology Corp Ltd is engaged in the development, sales and service of processors and supporting chips.

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