Suncha Technology Co (SZSE:001211) Days Payable : 75.33 (As of Mar. 2024)

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What is Suncha Technology Co Days Payable?

Suncha Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥168 Mil. Suncha Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥203 Mil. Hence, Suncha Technology Co's Days Payable for the three months ended in Mar. 2024 was 75.33.

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

SZSE:001211' s Days Payable Range Over the Past 10 Years
Min: 88.58 Med: 101.39 Max: 125.59
Current: 91.07

During the past 7 years, Suncha Technology Co's highest Days Payable was 125.59. The lowest was 88.58. And the median was 101.39.

SZSE:001211's Days Payable is ranked better than
64.69% of 405 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 69.13 vs SZSE:001211: 91.07

Suncha Technology Co's Days Payable declined from Mar. 2023 (171.37) to Mar. 2024 (75.33). It may suggest that Suncha Technology Co accelerated paying its suppliers.

Suncha Technology Co Days Payable Historical Data

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

Suncha Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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98.52

88.58

94.20

125.59

111.05

Suncha Technology Co Quarterly Data
	Dec17	Dec18	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															171.37	125.84	106.16	70.79	75.33

Competitive Comparison of Suncha Technology Co's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Suncha 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.

Suncha Technology Co's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Suncha Technology Co's Days Payable distribution charts can be found below:

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

Suncha 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.

Suncha 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
=	( (246.111	+	167.969)	/	2 )	/	680.51	*	365
=	207.04					/	680.51	*	365
=	111.05

Suncha 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
=	( (167.969	+	167.478)	/	2 )	/	203.18	*	365 / 4
=	167.7235					/	203.18	*	365 / 4
=	75.33

Suncha Technology Co Days Payable Related Terms

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Suncha Technology Co (SZSE:001211) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Suncha Technology Co Ltd (SZSE:001211) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

103 Zhucheng Road, Baizhang Town, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311100

Website

http://www.sqzm.com

Suncha Technology Co Ltd is engaged in the Research and development, design, production and sales of kitchen utensils for daily meals. The main products are chopsticks, cutting boards, shovel spoons, rice husk tableware and others.

Executives

Li Chao Zhen	Directors, executives
Zhang Mei Yun	Directors, executives
Zhang Shui Hua	Supervisors

Suncha Technology Co (SZSE:001211) Headlines

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