Smarter Microelectronics (Guangzhou) Co (SHSE:688512) Days Payable : 55.54 (As of Mar. 2024)

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What is Smarter Microelectronics (Guangzhou) Co Days Payable?

Smarter Microelectronics (Guangzhou) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥58.7 Mil. Smarter Microelectronics (Guangzhou) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥96.4 Mil. Hence, Smarter Microelectronics (Guangzhou) Co's Days Payable for the three months ended in Mar. 2024 was 55.54.

The historical rank and industry rank for Smarter Microelectronics (Guangzhou) Co's Days Payable or its related term are showing as below:

SHSE:688512' s Days Payable Range Over the Past 10 Years
Min: 19.07 Med: 35.88 Max: 129.85
Current: 33.3

During the past 5 years, Smarter Microelectronics (Guangzhou) Co's highest Days Payable was 129.85. The lowest was 19.07. And the median was 35.88.

SHSE:688512's Days Payable is ranked worse than
73.37% of 965 companies
in the Semiconductors industry
Industry Median: 51.92 vs SHSE:688512: 33.30

Smarter Microelectronics (Guangzhou) Co's Days Payable increased from Mar. 2023 (18.89) to Mar. 2024 (55.54). It may suggest that Smarter Microelectronics (Guangzhou) Co delayed paying its suppliers.

Smarter Microelectronics (Guangzhou) Co Days Payable Historical Data

The historical data trend for Smarter Microelectronics (Guangzhou) 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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Smarter Microelectronics (Guangzhou) Co Days Payable Chart

Smarter Microelectronics (Guangzhou) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

129.85

50.60

19.07

21.15

Smarter Microelectronics (Guangzhou) Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial								18.89	29.45	28.20	23.30	55.54

Competitive Comparison of Smarter Microelectronics (Guangzhou) Co's Days Payable

For the Semiconductors subindustry, Smarter Microelectronics (Guangzhou) 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.

Smarter Microelectronics (Guangzhou) Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Smarter Microelectronics (Guangzhou) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Smarter Microelectronics (Guangzhou) Co's Days Payable falls into.

Smarter Microelectronics (Guangzhou) 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.

Smarter Microelectronics (Guangzhou) 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
=	( (15.285	+	41.022)	/	2 )	/	485.974	*	365
=	28.1535					/	485.974	*	365
=	21.15

Smarter Microelectronics (Guangzhou) 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
=	( (41.022	+	76.341)	/	2 )	/	96.417	*	365 / 4
=	58.6815					/	96.417	*	365 / 4
=	55.54

Smarter Microelectronics (Guangzhou) Co Days Payable Related Terms

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Smarter Microelectronics (Guangzhou) Co (SHSE:688512) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Smarter Microelectronics (Guangzhou) Co Ltd (SHSE:688512) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 182, Science Avenue, Unit 307, 3rd Floor, C2, Innovation Building, High-tech Industrial Development Zone, Guangdong Province, Guangzhou, CHN, 510663

Website

https://www.smartermicro.com

Smarter Microelectronics (Guangzhou) Co Ltd is engaged in the research and development, design and sales of RF front-end chips and modules.

Smarter Microelectronics (Guangzhou) Co (SHSE:688512) Headlines

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