Chengdu Zhimingda Electronics Co (SHSE:688636) Days Payable : 807.53 (As of Mar. 2024)

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What is Chengdu Zhimingda Electronics Co Days Payable?

Chengdu Zhimingda Electronics Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥231.5 Mil. Chengdu Zhimingda Electronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥26.2 Mil. Hence, Chengdu Zhimingda Electronics Co's Days Payable for the three months ended in Mar. 2024 was 807.53.

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

SHSE:688636' s Days Payable Range Over the Past 10 Years
Min: 251.29 Med: 333.58 Max: 370.64
Current: 251.29

During the past 7 years, Chengdu Zhimingda Electronics Co's highest Days Payable was 370.64. The lowest was 251.29. And the median was 333.58.

SHSE:688636's Days Payable is ranked better than
93.69% of 2424 companies
in the Hardware industry
Industry Median: 68.11 vs SHSE:688636: 251.29

Chengdu Zhimingda Electronics Co's Days Payable declined from Mar. 2023 (807.92) to Mar. 2024 (807.53). It may suggest that Chengdu Zhimingda Electronics Co accelerated paying its suppliers.

Chengdu Zhimingda Electronics Co Days Payable Historical Data

The historical data trend for Chengdu Zhimingda Electronics 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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Chengdu Zhimingda Electronics Co Days Payable Chart

Chengdu Zhimingda Electronics Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

281.01

310.96

367.69

370.64

254.69

Chengdu Zhimingda Electronics Co Quarterly Data
	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															807.92	191.44	464.46	134.69	807.53

Competitive Comparison of Chengdu Zhimingda Electronics Co's Days Payable

For the Computer Hardware subindustry, Chengdu Zhimingda Electronics 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.

Chengdu Zhimingda Electronics Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Chengdu Zhimingda Electronics Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Chengdu Zhimingda Electronics Co's Days Payable falls into.

Chengdu Zhimingda Electronics 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.

Chengdu Zhimingda Electronics 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
=	( (295.464	+	226.745)	/	2 )	/	374.2	*	365
=	261.1045					/	374.2	*	365
=	254.69

Chengdu Zhimingda Electronics 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
=	( (226.745	+	236.323)	/	2 )	/	26.163	*	365 / 4
=	231.534					/	26.163	*	365 / 4
=	807.53

Chengdu Zhimingda Electronics Co Days Payable Related Terms

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Chengdu Zhimingda Electronics Co (SHSE:688636) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chengdu Zhimingda Electronics Co Ltd (SHSE:688636) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 229, Jingye Road, Unit D, Building H3, Qingyang District, Sichuan Province, Chengdu, CHN, 610091

Website

http://www.zmdde.com

Chengdu Zhimingda Electronics Co Ltd provides customized embedded computer modules and solutions. The company focuses on the development of embedded computers, power supplies and related system equipment, and provides customized solutions, products and services based on customer needs.

Executives

Jiang Hu	Director
Wan Chong Gang	senior management
Qin Yin	Director
Chen Yun Song	senior management
Long Bo	Director
Wang Yong	Director

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