Shenyang Fortune Precision Equipment Co (SHSE:688409) Days Payable : 140.04 (As of Mar. 2024)

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What is Shenyang Fortune Precision Equipment Co Days Payable?

Shenyang Fortune Precision Equipment Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥803 Mil. Shenyang Fortune Precision Equipment Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥523 Mil. Hence, Shenyang Fortune Precision Equipment Co's Days Payable for the three months ended in Mar. 2024 was 140.04.

The historical rank and industry rank for Shenyang Fortune Precision Equipment Co's Days Payable or its related term are showing as below:

SHSE:688409' s Days Payable Range Over the Past 10 Years
Min: 98.1 Med: 147.13 Max: 173.42
Current: 139.27

During the past 6 years, Shenyang Fortune Precision Equipment Co's highest Days Payable was 173.42. The lowest was 98.10. And the median was 147.13.

SHSE:688409's Days Payable is ranked better than
75.13% of 2931 companies
in the Industrial Products industry
Industry Median: 76.43 vs SHSE:688409: 139.27

Shenyang Fortune Precision Equipment Co's Days Payable declined from Mar. 2023 (225.53) to Mar. 2024 (140.04). It may suggest that Shenyang Fortune Precision Equipment Co accelerated paying its suppliers.

Shenyang Fortune Precision Equipment Co Days Payable Historical Data

The historical data trend for Shenyang Fortune Precision Equipment 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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Shenyang Fortune Precision Equipment Co Days Payable Chart

Shenyang Fortune Precision Equipment Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

98.47

98.10

157.55

171.97

173.42

Shenyang Fortune Precision Equipment 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											225.53	151.27	142.37	133.29	140.04

Competitive Comparison of Shenyang Fortune Precision Equipment Co's Days Payable

For the Metal Fabrication subindustry, Shenyang Fortune Precision Equipment 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.

Shenyang Fortune Precision Equipment Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenyang Fortune Precision Equipment Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenyang Fortune Precision Equipment Co's Days Payable falls into.

Shenyang Fortune Precision Equipment 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.

Shenyang Fortune Precision Equipment 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
=	( (605.112	+	863.188)	/	2 )	/	1545.204	*	365
=	734.15					/	1545.204	*	365
=	173.42

Shenyang Fortune Precision Equipment 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
=	( (863.188	+	743.207)	/	2 )	/	523.347	*	365 / 4
=	803.1975					/	523.347	*	365 / 4
=	140.04

Shenyang Fortune Precision Equipment Co Days Payable Related Terms

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Shenyang Fortune Precision Equipment Co (SHSE:688409) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenyang Fortune Precision Equipment Co Ltd (SHSE:688409) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18A-1, Feiyun Road, Hunnan District, Liaoning Province, Shenyang, CHN, 110168

Website

http://www.fortune-semi.com

Shenyang Fortune Precision Equipment Co Ltd focuses on the precision manufacturing technology of metal parts and components, and has mastered one-stop manufacturing processes such as precision machinery manufacturing, high-cleanliness surface treatment, welding, assembly, and testing that can meet stringent standards.

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