Fortior Technology (Shenzhen) Co (SHSE:688279) Days Payable : 15.45 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Fortior Technology (Shenzhen) Co Days Payable?

Fortior Technology (Shenzhen) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥8.9 Mil. Fortior Technology (Shenzhen) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥52.9 Mil. Hence, Fortior Technology (Shenzhen) Co's Days Payable for the three months ended in Mar. 2024 was 15.45.

The historical rank and industry rank for Fortior Technology (Shenzhen) Co's Days Payable or its related term are showing as below:

SHSE:688279' s Days Payable Range Over the Past 10 Years
Min: 8.83 Med: 13.81 Max: 21.5
Current: 21.5

During the past 6 years, Fortior Technology (Shenzhen) Co's highest Days Payable was 21.50. The lowest was 8.83. And the median was 13.81.

SHSE:688279's Days Payable is ranked worse than
86.94% of 965 companies
in the Semiconductors industry
Industry Median: 51.64 vs SHSE:688279: 21.50

Fortior Technology (Shenzhen) Co's Days Payable declined from Mar. 2023 (27.46) to Mar. 2024 (15.45). It may suggest that Fortior Technology (Shenzhen) Co accelerated paying its suppliers.

Fortior Technology (Shenzhen) Co Days Payable Historical Data

The historical data trend for Fortior Technology (Shenzhen) 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.

* Premium members only.

Fortior Technology (Shenzhen) Co Days Payable Chart

Fortior Technology (Shenzhen) Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

8.83

13.82

13.80

16.24

19.64

Fortior Technology (Shenzhen) Co 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												27.46	25.95	25.04	22.73	15.45

Competitive Comparison of Fortior Technology (Shenzhen) Co's Days Payable

For the Semiconductors subindustry, Fortior Technology (Shenzhen) 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.

Fortior Technology (Shenzhen) Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Fortior Technology (Shenzhen) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Fortior Technology (Shenzhen) Co's Days Payable falls into.

Fortior Technology (Shenzhen) 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.

Fortior Technology (Shenzhen) 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
=	( (8.324	+	12.27)	/	2 )	/	191.392	*	365
=	10.297					/	191.392	*	365
=	19.64

Fortior Technology (Shenzhen) 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
=	( (12.27	+	5.627)	/	2 )	/	52.853	*	365 / 4
=	8.9485					/	52.853	*	365 / 4
=	15.45

Fortior Technology (Shenzhen) Co Days Payable Related Terms

Thank you for viewing the detailed overview of Fortior Technology (Shenzhen) Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Fortior Technology (Shenzhen) Co (SHSE:688279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Fortior Technology (Shenzhen) Co Ltd (SHSE:688279) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Kejizhong 2 Road, Room 203, Building 11, Shenzhen Software Park (Phase 2), High-tech Zone, Nanshan District, Guangdong Province, Shenzhen, CHN, 518000

Website

https://www.fortiortech.com

Fortior Technology (Shenzhen) Co Ltd is engaged in the research and development, design and sales of special chips for BLDC motor drive control.

Fortior Technology (Shenzhen) Co (SHSE:688279) Headlines

No Headlines