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Giantec Semiconductor (SHSE:688123) Days Payable : 52.62 (As of Mar. 2024)


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What is Giantec Semiconductor Days Payable?

Giantec Semiconductor's average Accounts Payable for the three months ended in Mar. 2024 was ¥64.7 Mil. Giantec Semiconductor's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥112.2 Mil. Hence, Giantec Semiconductor's Days Payable for the three months ended in Mar. 2024 was 52.62.

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

SHSE:688123' s Days Payable Range Over the Past 10 Years
Min: 51.25   Med: 58.07   Max: 70.23
Current: 52.95

During the past 8 years, Giantec Semiconductor's highest Days Payable was 70.23. The lowest was 51.25. And the median was 58.07.

SHSE:688123's Days Payable is ranked better than
51.5% of 965 companies
in the Semiconductors industry
Industry Median: 51.64 vs SHSE:688123: 52.95

Giantec Semiconductor's Days Payable declined from Mar. 2023 (61.71) to Mar. 2024 (52.62). It may suggest that Giantec Semiconductor accelerated paying its suppliers.


Giantec Semiconductor Days Payable Historical Data

The historical data trend for Giantec Semiconductor'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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Giantec Semiconductor Days Payable Chart

Giantec Semiconductor Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial 53.68 58.04 64.07 64.25 58.09

Giantec Semiconductor 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 61.71 52.74 53.86 56.11 52.62

Competitive Comparison of Giantec Semiconductor's Days Payable

For the Semiconductors subindustry, Giantec Semiconductor'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.


Giantec Semiconductor's Days Payable Distribution in the Semiconductors Industry

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

* The bar in red indicates where Giantec Semiconductor's Days Payable falls into.



Giantec Semiconductor 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.

Giantec Semiconductor'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
=( (54.004 + 65.595) / 2 ) / 375.738*365
=59.7995 / 375.738*365
=58.09

Giantec Semiconductor'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
=( (65.595 + 63.788) / 2 ) / 112.184*365 / 4
=64.6915 / 112.184*365 / 4
=52.62

* 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.


Giantec Semiconductor Days Payable Related Terms

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Giantec Semiconductor (SHSE:688123) Business Description

Traded in Other Exchanges
N/A
Address
No.12, Lane 647, Songtao Road, Zhangjiang Hi-Tech Park, Pudong New Area, Shanghai, CHN
Giantec Semiconductor Corp is engaged in research and development, design and sales of integrated circuit products, and provides application solutions and technical support services. The company has four product lines, EEPROM, MCU/Smart Card, VCM Driver and OPA. It provides products to various industries including electronics, networking, telecommunication, home electronic applications, computers, smart energy meters, medical, automotive, transportation.
Executives
Xia Tian Core technical personnel
Zhou Zhong Core technical personnel
Wang Shang Core technical personnel

Giantec Semiconductor (SHSE:688123) Headlines

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