Cubic Sensor and Instrument Co (SHSE:688665) Days Payable : 162.19 (As of Mar. 2024)

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What is Cubic Sensor and Instrument Co Days Payable?

Cubic Sensor and Instrument Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥146.9 Mil. Cubic Sensor and Instrument Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥82.7 Mil. Hence, Cubic Sensor and Instrument Co's Days Payable for the three months ended in Mar. 2024 was 162.19.

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

SHSE:688665' s Days Payable Range Over the Past 10 Years
Min: 78.36 Med: 113.86 Max: 136.7
Current: 124.51

During the past 7 years, Cubic Sensor and Instrument Co's highest Days Payable was 136.70. The lowest was 78.36. And the median was 113.86.

SHSE:688665's Days Payable is ranked better than
79.14% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs SHSE:688665: 124.51

Cubic Sensor and Instrument Co's Days Payable increased from Mar. 2023 (158.13) to Mar. 2024 (162.19). It may suggest that Cubic Sensor and Instrument Co delayed paying its suppliers.

Cubic Sensor and Instrument Co Days Payable Historical Data

The historical data trend for Cubic Sensor and Instrument 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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Cubic Sensor and Instrument Co Days Payable Chart

Cubic Sensor and Instrument Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

78.36

102.01

113.86

127.10

130.39

Cubic Sensor and Instrument 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															158.13	139.30	112.67	93.31	162.19

Competitive Comparison of Cubic Sensor and Instrument Co's Days Payable

For the Electronic Components subindustry, Cubic Sensor and Instrument 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.

Cubic Sensor and Instrument Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Cubic Sensor and Instrument Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Cubic Sensor and Instrument Co's Days Payable falls into.

Cubic Sensor and Instrument 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.

Cubic Sensor and Instrument 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
=	( (124.925	+	146.195)	/	2 )	/	379.486	*	365
=	135.56					/	379.486	*	365
=	130.39

Cubic Sensor and Instrument 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
=	( (146.195	+	147.643)	/	2 )	/	82.658	*	365 / 4
=	146.919					/	82.658	*	365 / 4
=	162.19

Cubic Sensor and Instrument Co Days Payable Related Terms

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Cubic Sensor and Instrument Co (SHSE:688665) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cubic Sensor and Instrument Co Ltd (SHSE:688665) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Fenghuangyuan 3rd Road, Phoenix Industrial Park, Donghu New Technology Development Zone, Hubei Province, Wuhan, CHN, 430205

Website

http://www.gassensor.com.cn

Cubic Sensor and Instrument Co Ltd is engaged in the research and development, production and sales of gas sensors and gas analysis instruments.

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