Ningbo Kangqiang Electronics Co (SZSE:002119) Days Payable : 51.81 (As of Mar. 2024)

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What is Ningbo Kangqiang Electronics Co Days Payable?

Ningbo Kangqiang Electronics Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥215 Mil. Ningbo Kangqiang Electronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥379 Mil. Hence, Ningbo Kangqiang Electronics Co's Days Payable for the three months ended in Mar. 2024 was 51.81.

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

SZSE:002119' s Days Payable Range Over the Past 10 Years
Min: 41.08 Med: 61.84 Max: 84.62
Current: 54.86

During the past 13 years, Ningbo Kangqiang Electronics Co's highest Days Payable was 84.62. The lowest was 41.08. And the median was 61.84.

SZSE:002119's Days Payable is ranked better than
52.8% of 964 companies
in the Semiconductors industry
Industry Median: 51.69 vs SZSE:002119: 54.86

Ningbo Kangqiang Electronics Co's Days Payable increased from Mar. 2023 (49.75) to Mar. 2024 (51.81). It may suggest that Ningbo Kangqiang Electronics Co delayed paying its suppliers.

Ningbo Kangqiang Electronics Co Days Payable Historical Data

The historical data trend for Ningbo Kangqiang Electronics 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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Ningbo Kangqiang Electronics Co Days Payable Chart

Ningbo Kangqiang Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

62.38

51.80

51.62

56.29

41.08

Ningbo Kangqiang Electronics 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															49.75	57.32	62.63	52.83	51.81

Competitive Comparison of Ningbo Kangqiang Electronics Co's Days Payable

For the Semiconductors subindustry, Ningbo Kangqiang Electronics 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.

Ningbo Kangqiang Electronics Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Ningbo Kangqiang Electronics Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ningbo Kangqiang Electronics Co's Days Payable falls into.

Ningbo Kangqiang Electronics 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.

Ningbo Kangqiang Electronics 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
=	( (137.661	+	211.531)	/	2 )	/	1551.137	*	365
=	174.596					/	1551.137	*	365
=	41.08

Ningbo Kangqiang Electronics 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
=	( (211.531	+	218.356)	/	2 )	/	378.563	*	365 / 4
=	214.9435					/	378.563	*	365 / 4
=	51.81

Ningbo Kangqiang Electronics Co Days Payable Related Terms

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Ningbo Kangqiang Electronics Co (SZSE:002119) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Ningbo Kangqiang Electronics Co Ltd (SZSE:002119) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 25 Kangqiang Road, Panhuo Industrial Zone, Yinzhou, Ningbo, Zhejiang, CHN, 315105

Website

http://www.kangqiang.com

Ningbo Kangqiang Electronics Co Ltd is engaged in the manufacture, research and development, and sale of semiconductor packaging materials. The company mainly produces special equipment demanded by various semiconductor encapsulation lead frames, bonding wires, wire electrodes and production framework, and other products.

Executives

Zheng Kang Ding	Director
Yin Xia Rong	Executives
Xiong Xu Qiang	Director
Feng Xiao Long	Executives
Du Jiang Xia	Supervisors
Liu Jun Liang	Director

Ningbo Kangqiang Electronics Co (SZSE:002119) Headlines

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