Shenzhen Deren Electronic Co (SZSE:002055) Days Payable : 188.21 (As of Mar. 2024)

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What is Shenzhen Deren Electronic Co Days Payable?

Shenzhen Deren Electronic Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,204 Mil. Shenzhen Deren Electronic Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,069 Mil. Hence, Shenzhen Deren Electronic Co's Days Payable for the three months ended in Mar. 2024 was 188.21.

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

SZSE:002055' s Days Payable Range Over the Past 10 Years
Min: 131.34 Med: 145.19 Max: 173.45
Current: 166.07

During the past 13 years, Shenzhen Deren Electronic Co's highest Days Payable was 173.45. The lowest was 131.34. And the median was 145.19.

SZSE:002055's Days Payable is ranked better than
87.34% of 2418 companies
in the Hardware industry
Industry Median: 67.94 vs SZSE:002055: 166.07

Shenzhen Deren Electronic Co's Days Payable increased from Mar. 2023 (129.53) to Mar. 2024 (188.21). It may suggest that Shenzhen Deren Electronic Co delayed paying its suppliers.

Shenzhen Deren Electronic Co Days Payable Historical Data

The historical data trend for Shenzhen Deren Electronic 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 Deren Electronic Co Days Payable Chart

Shenzhen Deren Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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144.75

143.04

131.34

136.45

173.45

Shenzhen Deren Electronic 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															129.53	129.05	128.78	264.21	188.21

Competitive Comparison of Shenzhen Deren Electronic Co's Days Payable

For the Electronic Components subindustry, Shenzhen Deren Electronic 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 Deren Electronic Co's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Shenzhen Deren Electronic Co's Days Payable falls into.

Shenzhen Deren Electronic 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 Deren Electronic 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
=	( (2484.788	+	2193.944)	/	2 )	/	4922.973	*	365
=	2339.366					/	4922.973	*	365
=	173.45

Shenzhen Deren Electronic 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
=	( (2193.944	+	2214.308)	/	2 )	/	1068.614	*	365 / 4
=	2204.126					/	1068.614	*	365 / 4
=	188.21

Shenzhen Deren Electronic Co Days Payable Related Terms

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Shenzhen Deren Electronic Co (SZSE:002055) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Deren Electronic Co Ltd (SZSE:002055) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Guangming Street, Deren Industrial Park, Guanguang Road, Guangdong Province, Shenzhen, CHN, 518107

Website

http://www.deren.com.cn

Shenzhen Deren Electronic Co Ltd is a China-based company principally engaged in research, development, manufacturing, and sales of connectors and precision components for home appliance, consumer, and automotive electronics, and telematics technology. Their products include electronic connectors, electronic wire harnesses, precision molds and automotive electronics. Geographically, the company has its business presence in China and other international countries. The organization has three business groups, Home appliance and Consumer Electronics Business Group, Automotive Electronics and Electrics Business Group and Telematics Business Group.

Executives

Rao Qi	Executives
Wang Shao Hua	Directors, executives
Tian Nan Lv	Director
Su Jin	Director
Song Sheng Lin	Executives
He Lian Hua	Securities Affairs Representative
Qiu Wei Min	Director
Qiu Jian Min	Director
Wang Da Peng	Executives
Lan Yu Ping	Director
Li Xu Gen	Supervisors
Chen Jie	Supervisors

Shenzhen Deren Electronic Co (SZSE:002055) Headlines

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