Zbit Semiconductor (SHSE:688416) Days Payable : 98.92 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Zbit Semiconductor Days Payable?

Zbit Semiconductor's average Accounts Payable for the three months ended in Mar. 2024 was ¥76.7 Mil. Zbit Semiconductor's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥70.8 Mil. Hence, Zbit Semiconductor's Days Payable for the three months ended in Mar. 2024 was 98.92.

The historical rank and industry rank for Zbit Semiconductor's Days Payable or its related term are showing as below:

SHSE:688416' s Days Payable Range Over the Past 10 Years
Min: 55.64 Med: 84.72 Max: 111
Current: 96.56

During the past 6 years, Zbit Semiconductor's highest Days Payable was 111.00. The lowest was 55.64. And the median was 84.72.

SHSE:688416's Days Payable is ranked better than
76.37% of 965 companies
in the Semiconductors industry
Industry Median: 51.64 vs SHSE:688416: 96.56

Zbit Semiconductor's Days Payable increased from Mar. 2023 (97.06) to Mar. 2024 (98.92). It may suggest that Zbit Semiconductor delayed paying its suppliers.

Zbit Semiconductor Days Payable Historical Data

The historical data trend for Zbit Semiconductor'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.

* Premium members only.

Zbit Semiconductor Days Payable Chart

Zbit Semiconductor Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

84.72

55.64

82.87

111.00

Zbit Semiconductor 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											97.06	84.74	117.50	101.14	98.92

Competitive Comparison of Zbit Semiconductor's Days Payable

For the Semiconductors subindustry, Zbit Semiconductor'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.

Zbit Semiconductor's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Zbit Semiconductor's Days Payable distribution charts can be found below:

* The bar in red indicates where Zbit Semiconductor's Days Payable falls into.

Zbit Semiconductor 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.

Zbit Semiconductor'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
=	( (74.441	+	84.459)	/	2 )	/	261.257	*	365
=	79.45					/	261.257	*	365
=	111.00

Zbit Semiconductor'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
=	( (84.459	+	68.986)	/	2 )	/	70.772	*	365 / 4
=	76.7225					/	70.772	*	365 / 4
=	98.92

Zbit Semiconductor Days Payable Related Terms

Thank you for viewing the detailed overview of Zbit Semiconductor's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Zbit Semiconductor (SHSE:688416) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Zbit Semiconductor Inc (SHSE:688416) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Northwest of the intersection of Tianshui Road and Taihe Road, Luyang University of Science and Technology Alumni Enterprise Innovation Park, Building 11, Luyang District, Anhui Province, Hefei, CHN, 230041

Website

http://www.zbitsemi.com

Zbit Semiconductor Inc is engaged in the research and development, design and sales of memory chips and MCU chips. The company's main products include NOR Flash memory chips and general-purpose 32-bit MCU chips based on Arm Cortex-M0+ core architecture.

Zbit Semiconductor (SHSE:688416) Headlines

No Headlines