ASR Microelectronics Co (SHSE:688220) Days Payable : 22.97 (As of Mar. 2024)

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What is ASR Microelectronics Co Days Payable?

ASR Microelectronics Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥159 Mil. ASR Microelectronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥633 Mil. Hence, ASR Microelectronics Co's Days Payable for the three months ended in Mar. 2024 was 22.97.

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

SHSE:688220' s Days Payable Range Over the Past 10 Years
Min: 23.66 Med: 30.29 Max: 47.27
Current: 23.66

During the past 7 years, ASR Microelectronics Co's highest Days Payable was 47.27. The lowest was 23.66. And the median was 30.29.

SHSE:688220's Days Payable is ranked worse than
84.72% of 962 companies
in the Semiconductors industry
Industry Median: 51.78 vs SHSE:688220: 23.66

ASR Microelectronics Co's Days Payable declined from Mar. 2023 (35.17) to Mar. 2024 (22.97). It may suggest that ASR Microelectronics Co accelerated paying its suppliers.

ASR Microelectronics Co Days Payable Historical Data

The historical data trend for ASR Microelectronics 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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ASR Microelectronics Co Days Payable Chart

ASR Microelectronics Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

33.62

28.66

30.29

42.00

29.04

ASR Microelectronics Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial														35.17	22.51	24.03	29.30	22.97

Competitive Comparison of ASR Microelectronics Co's Days Payable

For the Semiconductors subindustry, ASR Microelectronics 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.

ASR Microelectronics Co's Days Payable Distribution in the Semiconductors Industry

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

* The bar in red indicates where ASR Microelectronics Co's Days Payable falls into.

ASR Microelectronics 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.

ASR Microelectronics 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
=	( (125.311	+	187.662)	/	2 )	/	1966.814	*	365
=	156.4865					/	1966.814	*	365
=	29.04

ASR Microelectronics 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
=	( (187.662	+	130.828)	/	2 )	/	632.639	*	365 / 4
=	159.245					/	632.639	*	365 / 4
=	22.97

ASR Microelectronics Co Days Payable Related Terms

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ASR Microelectronics Co (SHSE:688220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » ASR Microelectronics Co Ltd (SHSE:688220) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.399 Keyuan Road, 8th Floor, Building 10, Pilot Free Trade Zone (Nominal Floor 9th Floor), Shanghai, CHN, 201203

Website

https://www.asrmicro.com

ASR Microelectronics Co Ltd is engaged in the research and development and technological innovation of wireless communication chips.

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