Macmic Science & Technology Co (SHSE:688711) Days Payable : 175.18 (As of Mar. 2024)

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What is Macmic Science & Technology Co Days Payable?

Macmic Science & Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥398 Mil. Macmic Science & Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥207 Mil. Hence, Macmic Science & Technology Co's Days Payable for the three months ended in Mar. 2024 was 175.18.

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

SHSE:688711' s Days Payable Range Over the Past 10 Years
Min: 80.65 Med: 118.06 Max: 135.98
Current: 133.5

During the past 10 years, Macmic Science & Technology Co's highest Days Payable was 135.98. The lowest was 80.65. And the median was 118.06.

SHSE:688711's Days Payable is ranked better than
84.25% of 965 companies
in the Semiconductors industry
Industry Median: 51.92 vs SHSE:688711: 133.50

Macmic Science & Technology Co's Days Payable increased from Mar. 2023 (115.70) to Mar. 2024 (175.18). It may suggest that Macmic Science & Technology Co delayed paying its suppliers.

Macmic Science & Technology Co Days Payable Historical Data

The historical data trend for Macmic Science & 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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Macmic Science & Technology Co Days Payable Chart

Macmic Science & Technology Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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135.98

129.69

131.26

123.86

114.85

Macmic Science & Technology Co Quarterly Data
	Dec18	Jun19	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															115.70	105.88	134.02	147.88	175.18

Competitive Comparison of Macmic Science & Technology Co's Days Payable

For the Semiconductors subindustry, Macmic Science & 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.

Macmic Science & Technology Co's Days Payable Distribution in the Semiconductors Industry

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

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

Macmic Science & 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.

Macmic Science & 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
=	( (293.581	+	443.336)	/	2 )	/	1170.971	*	365
=	368.4585					/	1170.971	*	365
=	114.85

Macmic Science & 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
=	( (443.336	+	352.632)	/	2 )	/	207.303	*	365 / 4
=	397.984					/	207.303	*	365 / 4
=	175.18

Macmic Science & Technology Co Days Payable Related Terms

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Macmic Science & Technology Co (SHSE:688711) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Macmic Science & Technology Co Ltd (SHSE:688711) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Huashan Middle Road,, Jiangsu Province, Changzhou, CHN, 213022

Website

http://www.macmicst.com

Macmic Science & Technology Co Ltd is engaged in the design, research and development, production and sales of power semiconductor chips, single tubes, modules and power modules based on IGBT and FRED.

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