Sineng Electric Co (SZSE:300827) Days Payable : 593.26 (As of Mar. 2024)

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What is Sineng Electric Co Days Payable?

Sineng Electric Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥3,536 Mil. Sineng Electric Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥544 Mil. Hence, Sineng Electric Co's Days Payable for the three months ended in Mar. 2024 was 593.26.

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

SZSE:300827' s Days Payable Range Over the Past 10 Years
Min: 252.93 Med: 342.91 Max: 589.23
Current: 291.03

During the past 11 years, Sineng Electric Co's highest Days Payable was 589.23. The lowest was 252.93. And the median was 342.91.

SZSE:300827's Days Payable is ranked better than
94.72% of 965 companies
in the Semiconductors industry
Industry Median: 51.92 vs SZSE:300827: 291.03

Sineng Electric Co's Days Payable increased from Mar. 2023 (439.16) to Mar. 2024 (593.26). It may suggest that Sineng Electric Co delayed paying its suppliers.

Sineng Electric Co Days Payable Historical Data

The historical data trend for Sineng Electric 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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Sineng Electric Co Days Payable Chart

Sineng Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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396.04

464.83

589.23

370.44

280.79

Sineng Electric 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															439.16	203.29	343.73	240.72	593.26

Competitive Comparison of Sineng Electric Co's Days Payable

For the Solar subindustry, Sineng Electric 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.

Sineng Electric Co's Days Payable Distribution in the Semiconductors Industry

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

* The bar in red indicates where Sineng Electric Co's Days Payable falls into.

Sineng Electric 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.

Sineng Electric 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
=	( (2367.855	+	3761.685)	/	2 )	/	3983.883	*	365
=	3064.77					/	3983.883	*	365
=	280.79

Sineng Electric 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
=	( (3761.685	+	3309.705)	/	2 )	/	543.83	*	365 / 4
=	3535.695					/	543.83	*	365 / 4
=	593.26

Sineng Electric Co Days Payable Related Terms

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Sineng Electric Co (SZSE:300827) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sineng Electric Co Ltd (SZSE:300827) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 6 Hehui Road, Huishan District, Jiangsu Province, Wuxi, CHN, 214174

Website

http://www.si-neng.com

Sineng Electric Co Ltd is engaged in production and sales of power electronic equipment. The company is deeply involved in the field of power electronics energy conversion and control, providing users with products and solutions such as photovoltaic grid-connected inversion, photovoltaic power station operation and maintenance, photovoltaic power station development, power quality control, and energy storage bidirectional conversion. Its business covers the entire power generation, supply and distribution, and electricity consumption systems, and it is a leading equipment manufacturer and solution provider in related industries.

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