Arctech Solar Holding Co (SHSE:688408) Days Payable : 201.25 (As of Mar. 2024)

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What is Arctech Solar Holding Co Days Payable?

Arctech Solar Holding Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥3,169 Mil. Arctech Solar Holding Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,437 Mil. Hence, Arctech Solar Holding Co's Days Payable for the three months ended in Mar. 2024 was 201.25.

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

SHSE:688408' s Days Payable Range Over the Past 10 Years
Min: 150.55 Med: 220.92 Max: 326.1
Current: 167.43

During the past 8 years, Arctech Solar Holding Co's highest Days Payable was 326.10. The lowest was 150.55. And the median was 220.92.

SHSE:688408's Days Payable is ranked better than
88.39% of 965 companies
in the Semiconductors industry
Industry Median: 52.34 vs SHSE:688408: 167.43

Arctech Solar Holding Co's Days Payable declined from Mar. 2023 (267.95) to Mar. 2024 (201.25). It may suggest that Arctech Solar Holding Co accelerated paying its suppliers.

Arctech Solar Holding Co Days Payable Historical Data

The historical data trend for Arctech Solar Holding 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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Arctech Solar Holding Co Days Payable Chart

Arctech Solar Holding Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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257.05

220.92

326.10

230.45

189.24

Arctech Solar Holding Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															267.95	228.97	197.82	116.41	201.25

Competitive Comparison of Arctech Solar Holding Co's Days Payable

For the Solar subindustry, Arctech Solar Holding 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.

Arctech Solar Holding Co's Days Payable Distribution in the Semiconductors Industry

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

* The bar in red indicates where Arctech Solar Holding Co's Days Payable falls into.

Arctech Solar Holding 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.

Arctech Solar Holding 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
=	( (2069.974	+	3356.341)	/	2 )	/	5233.187	*	365
=	2713.1575					/	5233.187	*	365
=	189.24

Arctech Solar Holding 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
=	( (3356.341	+	2982.065)	/	2 )	/	1436.949	*	365 / 4
=	3169.203					/	1436.949	*	365 / 4
=	201.25

Arctech Solar Holding Co Days Payable Related Terms

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Arctech Solar Holding Co (SHSE:688408) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Arctech Solar Holding Co Ltd (SHSE:688408) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

2388 Huangpujiang Middle Road, Lujia Town, Jiangsu Province, Kunshan, CHN, 215331

Website

http://www.arctechsolar.in

Arctech Solar Holding Co Ltd is engaged in design, production and sales of photovoltaic brackets. The company manufacturers and provides solutions for solar tracking and racking systems for utilities, commercial, industrial and residential projects. Its products under Tracker include Skyline Tracking System; SkySmart Tracking System; Arctracker Pro with tilted modules; Tilt single axis tracker; and products under Mounting structure include Seasonal Tilt; Dual Pole Solutions; and Single Pole Solutions.

Arctech Solar Holding Co (SHSE:688408) Headlines

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