Sangfor Technologies (SZSE:300454) Days Payable : 159.62 (As of Mar. 2024)

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What is Sangfor Technologies Days Payable?

Sangfor Technologies's average Accounts Payable for the three months ended in Mar. 2024 was ¥757 Mil. Sangfor Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥433 Mil. Hence, Sangfor Technologies's Days Payable for the three months ended in Mar. 2024 was 159.62.

The historical rank and industry rank for Sangfor Technologies's Days Payable or its related term are showing as below:

SZSE:300454' s Days Payable Range Over the Past 10 Years
Min: 65.8 Med: 88.06 Max: 117.27
Current: 84.59

During the past 10 years, Sangfor Technologies's highest Days Payable was 117.27. The lowest was 65.80. And the median was 88.06.

SZSE:300454's Days Payable is ranked better than
62.1% of 2422 companies
in the Hardware industry
Industry Median: 67.885 vs SZSE:300454: 84.59

Sangfor Technologies's Days Payable increased from Mar. 2023 (123.81) to Mar. 2024 (159.62). It may suggest that Sangfor Technologies delayed paying its suppliers.

Sangfor Technologies Days Payable Historical Data

The historical data trend for Sangfor Technologies'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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Sangfor Technologies Days Payable Chart

Sangfor Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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91.35

90.81

65.80

78.18

117.27

Sangfor Technologies 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															123.81	77.07	75.06	70.73	159.62

Competitive Comparison of Sangfor Technologies's Days Payable

For the Communication Equipment subindustry, Sangfor Technologies'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.

Sangfor Technologies's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sangfor Technologies's Days Payable distribution charts can be found below:

* The bar in red indicates where Sangfor Technologies's Days Payable falls into.

Sangfor Technologies 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.

Sangfor Technologies'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
=	( (741.314	+	975.328)	/	2 )	/	2671.528	*	365
=	858.321					/	2671.528	*	365
=	117.27

Sangfor Technologies'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
=	( (975.328	+	539.114)	/	2 )	/	432.888	*	365 / 4
=	757.221					/	432.888	*	365 / 4
=	159.62

Sangfor Technologies Days Payable Related Terms

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Sangfor Technologies (SZSE:300454) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sangfor Technologies Inc (SZSE:300454) » Definitions » Days Payable

Traded in Other Exchanges

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Address

1001 Xueyuan Avenue, Building A1, Nanshan Zhiyuan, Nanshan District, Shenzhen, CHN, 518055

Website

http://www.sangfor.com

Sangfor Technologies Inc is a provider of security and cloud computing solutions and is committed to making users IT easier, safer, and more valuable.

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