Luster LightTech Co (SHSE:688400) Days Payable : 142.69 (As of Mar. 2024)

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What is Luster LightTech Co Days Payable?

Luster LightTech Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥449 Mil. Luster LightTech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥287 Mil. Hence, Luster LightTech Co's Days Payable for the three months ended in Mar. 2024 was 142.69.

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

SHSE:688400' s Days Payable Range Over the Past 10 Years
Min: 77.46 Med: 102.88 Max: 113.11
Current: 101.45

During the past 6 years, Luster LightTech Co's highest Days Payable was 113.11. The lowest was 77.46. And the median was 102.88.

SHSE:688400's Days Payable is ranked better than
63.45% of 2936 companies
in the Industrial Products industry
Industry Median: 76.705 vs SHSE:688400: 101.45

Luster LightTech Co's Days Payable increased from Mar. 2023 (125.48) to Mar. 2024 (142.69). It may suggest that Luster LightTech Co delayed paying its suppliers.

Luster LightTech Co Days Payable Historical Data

The historical data trend for Luster LightTech 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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Luster LightTech Co Days Payable Chart

Luster LightTech Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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106.19

84.97

77.46

99.56

113.11

Luster LightTech 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											125.48	96.37	107.84	88.61	142.69

Competitive Comparison of Luster LightTech Co's Days Payable

For the Specialty Industrial Machinery subindustry, Luster LightTech 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.

Luster LightTech Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Luster LightTech Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Luster LightTech Co's Days Payable falls into.

Luster LightTech 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.

Luster LightTech 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
=	( (597.606	+	524.081)	/	2 )	/	1809.772	*	365
=	560.8435					/	1809.772	*	365
=	113.11

Luster LightTech 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
=	( (524.081	+	374.025)	/	2 )	/	287.172	*	365 / 4
=	449.053					/	287.172	*	365 / 4
=	142.69

Luster LightTech Co Days Payable Related Terms

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Luster LightTech Co (SHSE:688400) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Luster LightTech Co Ltd (SHSE:688400) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Cuihu South Ring Road, Room 701, 7th Floor, Building 7, Yard 13, Haidian District, Beijing, CHN, 100094

Website

https://www.lusterinc.com

Luster LightTech Co Ltd is based on optical technology innovation, develops business around machine vision and fiber optics, and is committed to becoming a global leader in the field of visual artificial intelligence and optoelectronic information.

Executives

Yin Yong Qiang	senior management
Wang Wen Tao	Directors, senior managers

Luster LightTech Co (SHSE:688400) Headlines

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