CSI Solar Co (SHSE:688472) Days Payable : 141.10 (As of Mar. 2024)

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What is CSI Solar Co Days Payable?

CSI Solar Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥12,206 Mil. CSI Solar Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥7,894 Mil. Hence, CSI Solar Co's Days Payable for the three months ended in Mar. 2024 was 141.10.

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

SHSE:688472' s Days Payable Range Over the Past 10 Years
Min: 105.67 Med: 154.52 Max: 214.52
Current: 132.01

During the past 11 years, CSI Solar Co's highest Days Payable was 214.52. The lowest was 105.67. And the median was 154.52.

SHSE:688472's Days Payable is ranked better than
84.15% of 965 companies
in the Semiconductors industry
Industry Median: 51.74 vs SHSE:688472: 132.01

CSI Solar Co's Days Payable declined from Mar. 2023 (152.15) to Mar. 2024 (141.10). It may suggest that CSI Solar Co accelerated paying its suppliers.

CSI Solar Co Days Payable Historical Data

The historical data trend for CSI Solar 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.

* Premium members only.

CSI Solar Co Days Payable Chart

CSI Solar Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

154.52

144.70

142.06

117.95

CSI Solar Co Quarterly Data
	Mar17	Jun17	Sep17	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															152.15	129.05	144.45	121.88	141.10

Competitive Comparison of CSI Solar Co's Days Payable

For the Solar subindustry, CSI Solar 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.

CSI Solar Co's Days Payable Distribution in the Semiconductors Industry

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

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

CSI Solar 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.

CSI Solar 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
=	( (16391.383	+	12138.455)	/	2 )	/	44141.853	*	365
=	14264.919					/	44141.853	*	365
=	117.95

CSI Solar 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
=	( (12138.455	+	12273.374)	/	2 )	/	7893.641	*	365 / 4
=	12205.9145					/	7893.641	*	365 / 4
=	141.10

CSI Solar Co Days Payable Related Terms

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CSI Solar Co (SHSE:688472) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » CSI Solar Co Ltd (SHSE:688472) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 199 Lushan Road, Suzhou High-tech Zone, Jiangsu Province, Suzhou, CHN, 215129

Website

https://www.csisolar.com

CSI Solar Co Ltd research & development, production and sales of crystalline silicon photovoltaic modules. Its products include Modules, inverters, system kits, and energy storage.

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