Great Microwave Technology Co (SHSE:688270) Days Payable : 733.23 (As of Mar. 2024)

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What is Great Microwave Technology Co Days Payable?

Great Microwave Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥53.8 Mil. Great Microwave Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥6.7 Mil. Hence, Great Microwave Technology Co's Days Payable for the three months ended in Mar. 2024 was 733.23.

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

SHSE:688270' s Days Payable Range Over the Past 10 Years
Min: 40.15 Med: 109.73 Max: 642.92
Current: 290.28

During the past 6 years, Great Microwave Technology Co's highest Days Payable was 642.92. The lowest was 40.15. And the median was 109.73.

SHSE:688270's Days Payable is ranked better than
94.61% of 965 companies
in the Semiconductors industry
Industry Median: 52.34 vs SHSE:688270: 290.28

Great Microwave Technology Co's Days Payable increased from Mar. 2023 (445.36) to Mar. 2024 (733.23). It may suggest that Great Microwave Technology Co delayed paying its suppliers.

Great Microwave Technology Co Days Payable Historical Data

The historical data trend for Great Microwave Technology 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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Great Microwave Technology Co Days Payable Chart

Great Microwave Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

40.15

52.09

63.12

156.34

274.70

Great Microwave Technology Co Quarterly Data
	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													445.36	385.67	456.11	126.94	733.23

Competitive Comparison of Great Microwave Technology Co's Days Payable

For the Semiconductors subindustry, Great Microwave Technology 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.

Great Microwave Technology Co's Days Payable Distribution in the Semiconductors Industry

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

* The bar in red indicates where Great Microwave Technology Co's Days Payable falls into.

Great Microwave Technology 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.

Great Microwave Technology 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
=	( (21.69	+	49.636)	/	2 )	/	47.387	*	365
=	35.663					/	47.387	*	365
=	274.70

Great Microwave Technology 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
=	( (49.636	+	58.039)	/	2 )	/	6.7	*	365 / 4
=	53.8375					/	6.7	*	365 / 4
=	733.23

Great Microwave Technology Co Days Payable Related Terms

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Great Microwave Technology Co (SHSE:688270) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Great Microwave Technology Co Ltd (SHSE:688270) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Xiyuan 3rd Road, Room 502, Building 5, Sandun Town, Xihu District, Zhejiang Province, Hangzhou, CHN, 310012

Website

http://www.greatmicrowave.com

Great Microwave Technology Co Ltd is engaged in the research and development, production and sales of integrated circuit chips and microsystems.

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