Guangdong Chaohua Technology Co (SZSE:002288) Days Payable : 445.37 (As of Mar. 2024)

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What is Guangdong Chaohua Technology Co Days Payable?

Guangdong Chaohua Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥379.2 Mil. Guangdong Chaohua Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥77.7 Mil. Hence, Guangdong Chaohua Technology Co's Days Payable for the three months ended in Mar. 2024 was 445.37.

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

SZSE:002288' s Days Payable Range Over the Past 10 Years
Min: 86.88 Med: 130.75 Max: 252.01
Current: 234.91

During the past 13 years, Guangdong Chaohua Technology Co's highest Days Payable was 252.01. The lowest was 86.88. And the median was 130.75.

SZSE:002288's Days Payable is ranked better than
92.76% of 2418 companies
in the Hardware industry
Industry Median: 68.005 vs SZSE:002288: 234.91

Guangdong Chaohua Technology Co's Days Payable increased from Mar. 2023 (213.53) to Mar. 2024 (445.37). It may suggest that Guangdong Chaohua Technology Co delayed paying its suppliers.

Guangdong Chaohua Technology Co Days Payable Historical Data

The historical data trend for Guangdong Chaohua Technology 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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Guangdong Chaohua Technology Co Days Payable Chart

Guangdong Chaohua Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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193.37

252.01

123.67

109.64

189.67

Guangdong Chaohua Technology 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															213.53	127.70	375.10	255.83	445.37

Competitive Comparison of Guangdong Chaohua Technology Co's Days Payable

For the Electronic Components subindustry, Guangdong Chaohua Technology 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.

Guangdong Chaohua Technology Co's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Guangdong Chaohua Technology Co's Days Payable falls into.

Guangdong Chaohua Technology 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.

Guangdong Chaohua Technology 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
=	( (455.458	+	355.702)	/	2 )	/	780.504	*	365
=	405.58					/	780.504	*	365
=	189.67

Guangdong Chaohua Technology 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
=	( (355.702	+	402.635)	/	2 )	/	77.687	*	365 / 4
=	379.1685					/	77.687	*	365 / 4
=	445.37

Guangdong Chaohua Technology Co Days Payable Related Terms

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Guangdong Chaohua Technology Co (SZSE:002288) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangdong Chaohua Technology Co Ltd (SZSE:002288) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chaohua Industrial Park, Yanyang, Meixian, Meizhou, Guangdong, CHN

Website

http://www.chaohuatech.com

Guangdong Chaohua Technology Co Ltd is engaged in manufacturing printed circuit solutions in China. The activities of the company include research, development, production, and sales of electronic copper foil, copper clad laminates, electronic substrates, and printed circuit boards.

Executives

Liang Wei	Directors, executives
Wen Dai Jun	Director
Fan Zhuo	Directors, Directors, and Executives
Liang Hong	Directors, executives
Wang Xu Dong	Directors, executives
Liang Jian Feng	Directors, executives
Wen Wei Jing	Independent director
Yang Zhong Yan	Supervisors
Wang Yong Qiang	Directors, executives
Liang Jun Feng	Director
Liang Zao Sheng	Director
Zhou Pei Jun	Directors, executives

Guangdong Chaohua Technology Co (SZSE:002288) Headlines

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