Sansec Technology Co (SHSE:688489) Days Payable : 211.98 (As of Mar. 2024)

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What is Sansec Technology Co Days Payable?

Sansec Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥25.9 Mil. Sansec Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥11.1 Mil. Hence, Sansec Technology Co's Days Payable for the three months ended in Mar. 2024 was 211.98.

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

SHSE:688489' s Days Payable Range Over the Past 10 Years
Min: 73.51 Med: 107.75 Max: 118.51
Current: 73.51

During the past 6 years, Sansec Technology Co's highest Days Payable was 118.51. The lowest was 73.51. And the median was 107.75.

SHSE:688489's Days Payable is ranked better than
60.86% of 2532 companies
in the Software industry
Industry Median: 50.275 vs SHSE:688489: 73.51

Sansec Technology Co's Days Payable increased from Mar. 2023 (162.81) to Mar. 2024 (211.98). It may suggest that Sansec Technology Co delayed paying its suppliers.

Sansec Technology Co Days Payable Historical Data

The historical data trend for Sansec Technology 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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Sansec Technology Co Days Payable Chart

Sansec Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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118.51

105.52

94.16

103.80

111.82

Sansec Technology 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											162.81	67.01	41.38	71.86	211.98

Competitive Comparison of Sansec Technology Co's Days Payable

For the Software - Application subindustry, Sansec Technology 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.

Sansec Technology Co's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Sansec Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Sansec Technology Co's Days Payable falls into.

Sansec Technology 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.

Sansec Technology 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
=	( (26.566	+	32.313)	/	2 )	/	96.099	*	365
=	29.4395					/	96.099	*	365
=	111.82

Sansec Technology 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
=	( (32.313	+	19.431)	/	2 )	/	11.137	*	365 / 4
=	25.872					/	11.137	*	365 / 4
=	211.98

Sansec Technology Co Days Payable Related Terms

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Sansec Technology Co (SHSE:688489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sansec Technology Co Ltd (SHSE:688489) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Guangshun North Street, Room 1406, 14th Floor, Building 2, Courtyard 16, Chaoyang District, Beijing, CHN, 100102

Website

http://www.sansec.com.cn

Sansec Technology Co Ltd is engaged in innovation of cryptographic technology and R&D, sales and service of cryptographic products and provides cryptographic products and solutions for the internet information security. The company's products portfolio includes PCIe HSM, Cloud HSM, General purpose HSM, Financial HSM, and Cryptographic Software System. HSMs provide the integrated cryptographic functions for different application scenarios, including financial HSMs, general purpose HSMs, cloud HSMs, KMS and other HSMs. Cryptographic systems include key management system, cryptographic service platform, identity authentication system, cryptographic middleware, etc.

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