Shenzhen Topraysolar Co (SZSE:002218) Days Payable : 112.14 (As of Mar. 2024)

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What is Shenzhen Topraysolar Co Days Payable?

Shenzhen Topraysolar Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥265 Mil. Shenzhen Topraysolar Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥216 Mil. Hence, Shenzhen Topraysolar Co's Days Payable for the three months ended in Mar. 2024 was 112.14.

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

SZSE:002218' s Days Payable Range Over the Past 10 Years
Min: 85.38 Med: 203.3 Max: 327.69
Current: 103.39

During the past 13 years, Shenzhen Topraysolar Co's highest Days Payable was 327.69. The lowest was 85.38. And the median was 203.30.

SZSE:002218's Days Payable is ranked better than
78.34% of 965 companies
in the Semiconductors industry
Industry Median: 52.34 vs SZSE:002218: 103.39

Shenzhen Topraysolar Co's Days Payable declined from Mar. 2023 (119.01) to Mar. 2024 (112.14). It may suggest that Shenzhen Topraysolar Co accelerated paying its suppliers.

Shenzhen Topraysolar Co Days Payable Historical Data

The historical data trend for Shenzhen Topraysolar 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 Topraysolar Co Days Payable Chart

Shenzhen Topraysolar Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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327.08

221.52

146.02

85.38

104.78

Shenzhen Topraysolar 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															119.01	121.20	115.10	80.96	112.14

Competitive Comparison of Shenzhen Topraysolar Co's Days Payable

For the Solar subindustry, Shenzhen Topraysolar 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 Topraysolar Co's Days Payable Distribution in the Semiconductors Industry

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

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

Shenzhen Topraysolar 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 Topraysolar 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
=	( (209.377	+	275.606)	/	2 )	/	844.723	*	365
=	242.4915					/	844.723	*	365
=	104.78

Shenzhen Topraysolar 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
=	( (275.606	+	254.861)	/	2 )	/	215.816	*	365 / 4
=	265.2335					/	215.816	*	365 / 4
=	112.14

Shenzhen Topraysolar Co Days Payable Related Terms

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Shenzhen Topraysolar Co (SZSE:002218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shenzhen Topraysolar Co Ltd (SZSE:002218) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Songbai Road, Nangang No.1 Industrial Park, Building 9 & 10, Xili, Nanshan District, Shenzhen, Guangdong, CHN, 518108

Website

http://www.topraysolar.com

Shenzhen Topraysolar Co Ltd is a solar manufacturer based in China. The company's main business operations cover the development, production, and sale of solar battery chips, components, solar application products, solar power system, solar energy absorbers and water heater system. The company has a global presence across Africa, Europe, and North America.

Shenzhen Topraysolar Co (SZSE:002218) Headlines

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