SUPCON Technology Co (SHSE:688777) Days Payable : 273.19 (As of Mar. 2024)

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What is SUPCON Technology Co Days Payable?

SUPCON Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥3,590 Mil. SUPCON Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,199 Mil. Hence, SUPCON Technology Co's Days Payable for the three months ended in Mar. 2024 was 273.19.

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

SHSE:688777' s Days Payable Range Over the Past 10 Years
Min: 189.13 Med: 219.81 Max: 249.52
Current: 208.82

During the past 8 years, SUPCON Technology Co's highest Days Payable was 249.52. The lowest was 189.13. And the median was 219.81.

SHSE:688777's Days Payable is ranked better than
87.76% of 2932 companies
in the Industrial Products industry
Industry Median: 76.415 vs SHSE:688777: 208.82

SUPCON Technology Co's Days Payable declined from Mar. 2023 (323.60) to Mar. 2024 (273.19). It may suggest that SUPCON Technology Co accelerated paying its suppliers.

SUPCON Technology Co Days Payable Historical Data

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

SUPCON Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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219.81

249.52

247.43

237.34

217.43

SUPCON Technology 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															323.60	207.45	216.04	158.07	273.19

Competitive Comparison of SUPCON Technology Co's Days Payable

For the Electrical Equipment & Parts subindustry, SUPCON 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.

SUPCON Technology Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, SUPCON Technology Co's Days Payable distribution charts can be found below:

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

SUPCON 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.

SUPCON 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
=	( (3310.996	+	3550.383)	/	2 )	/	5759.093	*	365
=	3430.6895					/	5759.093	*	365
=	217.43

SUPCON 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
=	( (3550.383	+	3628.801)	/	2 )	/	1198.98	*	365 / 4
=	3589.592					/	1198.98	*	365 / 4
=	273.19

SUPCON Technology Co Days Payable Related Terms

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SUPCON Technology Co (SHSE:688777) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SUPCON Technology Co Ltd (SHSE:688777) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 309, Liuhe Road, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310053

Website

http://www.supcontech.com

SUPCON Technology Co Ltd is engaged in providing technologies and products with automation control system covering industrial software, automation instrumentation and operation and maintenance services. Its products include Total solution, Instruments, PCS, APC & MES, and ERP. Its products are used in various industries including Oil & Gas; Petrochemical & Refinery; Chemical; Power; Building Material; Pulp & Paper; Metallurgy; among others.

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