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Suzhou Recodeal Interconnect System Co (SHSE:688800) Days Payable : 225.39 (As of Mar. 2024)


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What is Suzhou Recodeal Interconnect System Co Days Payable?

Suzhou Recodeal Interconnect System Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥858 Mil. Suzhou Recodeal Interconnect System Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥347 Mil. Hence, Suzhou Recodeal Interconnect System Co's Days Payable for the three months ended in Mar. 2024 was 225.39.

The historical rank and industry rank for Suzhou Recodeal Interconnect System Co's Days Payable or its related term are showing as below:

SHSE:688800' s Days Payable Range Over the Past 10 Years
Min: 137.54   Med: 275.1   Max: 309
Current: 229.21

During the past 12 years, Suzhou Recodeal Interconnect System Co's highest Days Payable was 309.00. The lowest was 137.54. And the median was 275.10.

SHSE:688800's Days Payable is ranked better than
90.11% of 2923 companies
in the Industrial Products industry
Industry Median: 76.67 vs SHSE:688800: 229.21

Suzhou Recodeal Interconnect System Co's Days Payable declined from Mar. 2023 (320.36) to Mar. 2024 (225.39). It may suggest that Suzhou Recodeal Interconnect System Co accelerated paying its suppliers.


Suzhou Recodeal Interconnect System Co Days Payable Historical Data

The historical data trend for Suzhou Recodeal Interconnect System 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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Suzhou Recodeal Interconnect System Co Days Payable Chart

Suzhou Recodeal Interconnect System Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 279.65 250.20 219.83 214.38 270.55

Suzhou Recodeal Interconnect System Co Quarterly Data
Mar19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 320.36 289.74 238.43 181.38 225.39

Competitive Comparison of Suzhou Recodeal Interconnect System Co's Days Payable

For the Electrical Equipment & Parts subindustry, Suzhou Recodeal Interconnect System 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.


Suzhou Recodeal Interconnect System Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Suzhou Recodeal Interconnect System Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Suzhou Recodeal Interconnect System Co's Days Payable falls into.



Suzhou Recodeal Interconnect System 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.

Suzhou Recodeal Interconnect System 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
=( (900.064 + 827.243) / 2 ) / 1165.164*365
=863.6535 / 1165.164*365
=270.55

Suzhou Recodeal Interconnect System 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
=( (827.243 + 888.682) / 2 ) / 347.35*365 / 4
=857.9625 / 347.35*365 / 4
=225.39

* 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.


Suzhou Recodeal Interconnect System Co Days Payable Related Terms

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Suzhou Recodeal Interconnect System Co (SHSE:688800) Business Description

Traded in Other Exchanges
N/A
Address
No.998 Songjia Road, Wusongjiang Science and Technology Industrial Park, Jiangsu Province, Wuzhong District, Suzhou, CHN, 215124
Suzhou Recodeal Interconnect System Co Ltd develops, produces and sells connection systems, microwave components and other products.

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