Yuneng Technology Co (SHSE:688348) Days Payable : 54.09 (As of Mar. 2024)

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What is Yuneng Technology Co Days Payable?

Yuneng Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥163 Mil. Yuneng Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥275 Mil. Hence, Yuneng Technology Co's Days Payable for the three months ended in Mar. 2024 was 54.09.

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

SHSE:688348' s Days Payable Range Over the Past 10 Years
Min: 153.07 Med: 181.3 Max: 265.46
Current: 153.07

During the past 6 years, Yuneng Technology Co's highest Days Payable was 265.46. The lowest was 153.07. And the median was 181.30.

SHSE:688348's Days Payable is ranked better than
85.22% of 2422 companies
in the Hardware industry
Industry Median: 67.8 vs SHSE:688348: 153.07

Yuneng Technology Co's Days Payable declined from Mar. 2023 (343.68) to Mar. 2024 (54.09). It may suggest that Yuneng Technology Co accelerated paying its suppliers.

Yuneng Technology Co Days Payable Historical Data

The historical data trend for Yuneng 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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Yuneng Technology Co Days Payable Chart

Yuneng Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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156.39

181.30

265.46

223.91

Yuneng Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											343.68	496.53	167.71	46.53	54.09

Competitive Comparison of Yuneng Technology Co's Days Payable

For the Communication Equipment subindustry, Yuneng 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.

Yuneng Technology Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Yuneng Technology Co's Days Payable distribution charts can be found below:

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

Yuneng 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.

Yuneng 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
=	( (974.479	+	143.894)	/	2 )	/	911.558	*	365
=	559.1865					/	911.558	*	365
=	223.91

Yuneng 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
=	( (143.894	+	181.583)	/	2 )	/	274.519	*	365 / 4
=	162.7385					/	274.519	*	365 / 4
=	54.09

Yuneng Technology Co Days Payable Related Terms

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Yuneng Technology Co (SHSE:688348) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Yuneng Technology Co Ltd (SHSE:688348) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 1, Yatai Road, 3rd Floor, Building 1, Jiaxing Science and Technology City, Nanhu District, Zhejiang Province, Jiaxing, CHN, 314006

Website

http://www.apsystems.cn

Yuneng Technology Co Ltd is engaged in the research and development, production and sales of component-level power electronic equipment in distributed photovoltaic power generation systems.

Yuneng Technology Co (SHSE:688348) Headlines

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