Shenzhen China Micro Semicon Co (SHSE:688380) Days Payable : 72.70 (As of Mar. 2024)

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What is Shenzhen China Micro Semicon Co Days Payable?

Shenzhen China Micro Semicon Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥119.9 Mil. Shenzhen China Micro Semicon Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥150.5 Mil. Hence, Shenzhen China Micro Semicon Co's Days Payable for the three months ended in Mar. 2024 was 72.70.

The historical rank and industry rank for Shenzhen China Micro Semicon Co's Days Payable or its related term are showing as below:

SHSE:688380' s Days Payable Range Over the Past 10 Years
Min: 60.43 Med: 86.42 Max: 103.79
Current: 60.43

During the past 6 years, Shenzhen China Micro Semicon Co's highest Days Payable was 103.79. The lowest was 60.43. And the median was 86.42.

SHSE:688380's Days Payable is ranked better than
58.76% of 965 companies
in the Semiconductors industry
Industry Median: 51.64 vs SHSE:688380: 60.43

Shenzhen China Micro Semicon Co's Days Payable declined from Mar. 2023 (80.09) to Mar. 2024 (72.70). It may suggest that Shenzhen China Micro Semicon Co accelerated paying its suppliers.

Shenzhen China Micro Semicon Co Days Payable Historical Data

The historical data trend for Shenzhen China Micro Semicon 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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Shenzhen China Micro Semicon Co Days Payable Chart

Shenzhen China Micro Semicon Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

86.20

86.64

84.59

89.61

61.40

Shenzhen China Micro Semicon 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												80.09	74.24	61.96	39.83	72.70

Competitive Comparison of Shenzhen China Micro Semicon Co's Days Payable

For the Semiconductors subindustry, Shenzhen China Micro Semicon 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.

Shenzhen China Micro Semicon Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Shenzhen China Micro Semicon Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenzhen China Micro Semicon Co's Days Payable falls into.

Shenzhen China Micro Semicon 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.

Shenzhen China Micro Semicon 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
=	( (93.308	+	104.885)	/	2 )	/	589.078	*	365
=	99.0965					/	589.078	*	365
=	61.40

Shenzhen China Micro Semicon 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
=	( (104.885	+	134.886)	/	2 )	/	150.482	*	365 / 4
=	119.8855					/	150.482	*	365 / 4
=	72.70

Shenzhen China Micro Semicon Co Days Payable Related Terms

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Shenzhen China Micro Semicon Co (SHSE:688380) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shenzhen China Micro Semicon Co Ltd (SHSE:688380) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Taoyuan Road, Nantou Street, Room 2008, Block A, Tianxia International Center, Dawangshan Community, Nanshan District, Guangdong Province, Shenzhen, CHN, 518052

Website

https://www.mcu.com.cn

Shenzhen China Micro Semicon Co Ltd is engaged in the research and development, design and sales of digital-analog mixed-signal chips and analog chips.

Executives

Luo Yong

Director

Shenzhen China Micro Semicon Co (SHSE:688380) Headlines

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