Shenzhen Best of Best Holdings Co (SZSE:001298) Days Payable : 17.78 (As of Mar. 2024)

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What is Shenzhen Best of Best Holdings Co Days Payable?

Shenzhen Best of Best Holdings Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥291 Mil. Shenzhen Best of Best Holdings Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,496 Mil. Hence, Shenzhen Best of Best Holdings Co's Days Payable for the three months ended in Mar. 2024 was 17.78.

The historical rank and industry rank for Shenzhen Best of Best Holdings Co's Days Payable or its related term are showing as below:

SZSE:001298' s Days Payable Range Over the Past 10 Years
Min: 16.25 Med: 24.04 Max: 29.85
Current: 16.25

During the past 6 years, Shenzhen Best of Best Holdings Co's highest Days Payable was 29.85. The lowest was 16.25. And the median was 24.04.

SZSE:001298's Days Payable is ranked worse than
96.69% of 2420 companies
in the Hardware industry
Industry Median: 67.93 vs SZSE:001298: 16.25

Shenzhen Best of Best Holdings Co's Days Payable declined from Mar. 2023 (18.42) to Mar. 2024 (17.78). It may suggest that Shenzhen Best of Best Holdings Co accelerated paying its suppliers.

Shenzhen Best of Best Holdings Co Days Payable Historical Data

The historical data trend for Shenzhen Best of Best Holdings 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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Shenzhen Best of Best Holdings Co Days Payable Chart

Shenzhen Best of Best Holdings Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

22.06

26.06

29.85

26.01

20.15

Shenzhen Best of Best Holdings Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial										18.42	13.18	15.57	21.38	17.78

Competitive Comparison of Shenzhen Best of Best Holdings Co's Days Payable

For the Electronic Components subindustry, Shenzhen Best of Best Holdings 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.

Shenzhen Best of Best Holdings Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenzhen Best of Best Holdings Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenzhen Best of Best Holdings Co's Days Payable falls into.

Shenzhen Best of Best Holdings 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.

Shenzhen Best of Best Holdings 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
=	( (270.536	+	337.744)	/	2 )	/	5508.603	*	365
=	304.14					/	5508.603	*	365
=	20.15

Shenzhen Best of Best Holdings 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
=	( (337.744	+	245.098)	/	2 )	/	1495.62	*	365 / 4
=	291.421					/	1495.62	*	365 / 4
=	17.78

Shenzhen Best of Best Holdings Co Days Payable Related Terms

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Shenzhen Best of Best Holdings Co (SZSE:001298) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Best of Best Holdings Co Ltd (SZSE:001298) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Qianwan 1st Road, Room 201, Building A, Qianhai Shenzhen-Hong Kong Cooperation Zone, Guangdong Province, Shenzhen, CHN, 518057

Website

http://www.bobholdings.com

Shenzhen Best of Best Holdings Co Ltd is engaged in the sale of electronic components to electronics manufacturers in consumer electronics, IoT, lighting and other applications.

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