Zhejiang Lante Optics Co (SHSE:688127) Days Payable : 194.77 (As of Mar. 2024)

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What is Zhejiang Lante Optics Co Days Payable?

Zhejiang Lante Optics Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥233.0 Mil. Zhejiang Lante Optics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥109.2 Mil. Hence, Zhejiang Lante Optics Co's Days Payable for the three months ended in Mar. 2024 was 194.77.

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

SHSE:688127' s Days Payable Range Over the Past 10 Years
Min: 63.61 Med: 97.15 Max: 207
Current: 159.02

During the past 9 years, Zhejiang Lante Optics Co's highest Days Payable was 207.00. The lowest was 63.61. And the median was 97.15.

SHSE:688127's Days Payable is ranked better than
87.24% of 964 companies
in the Semiconductors industry
Industry Median: 51.69 vs SHSE:688127: 159.02

Zhejiang Lante Optics Co's Days Payable declined from Mar. 2023 (324.11) to Mar. 2024 (194.77). It may suggest that Zhejiang Lante Optics Co accelerated paying its suppliers.

Zhejiang Lante Optics Co Days Payable Historical Data

The historical data trend for Zhejiang Lante Optics 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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Zhejiang Lante Optics Co Days Payable Chart

Zhejiang Lante Optics Co Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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139.79

97.15

95.47

207.00

191.65

Zhejiang Lante Optics 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															324.11	232.03	97.45	167.75	194.77

Competitive Comparison of Zhejiang Lante Optics Co's Days Payable

For the Semiconductor Equipment & Materials subindustry, Zhejiang Lante Optics 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.

Zhejiang Lante Optics Co's Days Payable Distribution in the Semiconductors Industry

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

* The bar in red indicates where Zhejiang Lante Optics Co's Days Payable falls into.

Zhejiang Lante Optics 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.

Zhejiang Lante Optics 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
=	( (203.88	+	255.074)	/	2 )	/	437.045	*	365
=	229.477					/	437.045	*	365
=	191.65

Zhejiang Lante Optics 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
=	( (255.074	+	210.98)	/	2 )	/	109.174	*	365 / 4
=	233.027					/	109.174	*	365 / 4
=	194.77

Zhejiang Lante Optics Co Days Payable Related Terms

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Zhejiang Lante Optics Co (SHSE:688127) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Zhejiang Lante Optics Co Ltd (SHSE:688127) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Honghe Town, Xiuzhou District, Zhejiang Province, Jiaxing, CHN, 314023

Website

https://www.lante.com.cn

Zhejiang Lante Optics Co Ltd is engaged in production and sales of optical components. The company produces prisms, lenses, glass wafers, glass aspheric lenses, coatings and lens assembly, and has been involved in traditional optics, optoelectronic displays, photovoltaics, automobiles, lighting, optical communications, semiconductors, consumer electronics, medical, virtual/augmented reality and other fields. The processing and manufacturing of optical products can be found in the core components of high-tech products such as telescopes, microscopes, mobile phone, AR/VR, digital cameras, security monitors, multimedia projectors, sights, image measuring equipment, and automobile interior and exterior decoration.

Executives

Li Qing Song	Core technical personnel
Xu Ming Yang	Core technical personnel
Yao Liang	Directors, senior managers
Wang Xiao Ming	Director
Hu Jian	Core technical personnel

Zhejiang Lante Optics Co (SHSE:688127) Headlines

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