Elec-tech International Co (SZSE:002005) Days Payable : 310.73 (As of Mar. 2024)

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What is Elec-tech International Co Days Payable?

Elec-tech International Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥428.0 Mil. Elec-tech International Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥125.7 Mil. Hence, Elec-tech International Co's Days Payable for the three months ended in Mar. 2024 was 310.73.

The historical rank and industry rank for Elec-tech International Co's Days Payable or its related term are showing as below:

SZSE:002005' s Days Payable Range Over the Past 10 Years
Min: 137.18 Med: 162.98 Max: 245.93
Current: 236.52

During the past 13 years, Elec-tech International Co's highest Days Payable was 245.93. The lowest was 137.18. And the median was 162.98.

SZSE:002005's Days Payable is ranked better than
96.3% of 405 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 69.13 vs SZSE:002005: 236.52

Elec-tech International Co's Days Payable increased from Mar. 2023 (269.97) to Mar. 2024 (310.73). It may suggest that Elec-tech International Co delayed paying its suppliers.

Elec-tech International Co Days Payable Historical Data

The historical data trend for Elec-tech International 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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Elec-tech International Co Days Payable Chart

Elec-tech International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

169.60

181.59

184.34

238.18

245.93

Elec-tech International Co Quarterly Data
	Jun19	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															269.97	211.18	225.95	239.48	310.73

Competitive Comparison of Elec-tech International Co's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Elec-tech International 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.

Elec-tech International Co's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

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

* The bar in red indicates where Elec-tech International Co's Days Payable falls into.

Elec-tech International 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.

Elec-tech International 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
=	( (512.157	+	455.804)	/	2 )	/	718.292	*	365
=	483.9805					/	718.292	*	365
=	245.93

Elec-tech International 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
=	( (455.804	+	400.153)	/	2 )	/	125.681	*	365 / 4
=	427.9785					/	125.681	*	365 / 4
=	310.73

Elec-tech International Co Days Payable Related Terms

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Elec-tech International Co (SZSE:002005) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Elec-tech International Co Ltd (SZSE:002005) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 1 Jinfeng Road, Tangjiawan Town, Xiangzhou District, Guangdong Province, Zhuhai, CHN, 519085

Website

http://www.electech.com.cn

Elec-tech International Co Ltd is mainly engaged in research, development, manufacture, and sales of small household electrical appliances and LED products. It offers small appliances and LED related products such as LED illumination, LED display, LED part and LED chip under the ETi brand.

Executives

Ji Xue Bin	Directors, executives
Li Ting Hong	Supervisors
Yang Hong	Supervisors
Deng Fei	Directors, executives
Zhang Gang	Executives
Yang Yan	Director
Hu Zhang Shun	Director
Cui Hai Long	Director

Elec-tech International Co (SZSE:002005) Headlines

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