Newonder Special Electric Co (SZSE:301120) Days Payable : 81.00 (As of Mar. 2024)

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What is Newonder Special Electric Co Days Payable?

Newonder Special Electric Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥44.0 Mil. Newonder Special Electric Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥49.6 Mil. Hence, Newonder Special Electric Co's Days Payable for the three months ended in Mar. 2024 was 81.00.

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

SZSE:301120' s Days Payable Range Over the Past 10 Years
Min: 68.07 Med: 98.13 Max: 165.66
Current: 68.07

During the past 7 years, Newonder Special Electric Co's highest Days Payable was 165.66. The lowest was 68.07. And the median was 98.13.

SZSE:301120's Days Payable is ranked better than
50% of 2420 companies
in the Hardware industry
Industry Median: 68.065 vs SZSE:301120: 68.07

Newonder Special Electric Co's Days Payable declined from Mar. 2023 (115.61) to Mar. 2024 (81.00). It may suggest that Newonder Special Electric Co accelerated paying its suppliers.

Newonder Special Electric Co Days Payable Historical Data

The historical data trend for Newonder Special 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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Newonder Special Electric Co Days Payable Chart

Newonder Special Electric Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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165.66

98.13

91.22

102.16

75.16

Newonder Special Electric Co Quarterly Data
	Mar19	Jun19	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															115.61	57.64	69.12	65.15	81.00

Competitive Comparison of Newonder Special Electric Co's Days Payable

For the Electronic Components subindustry, Newonder Special 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.

Newonder Special Electric Co's Days Payable Distribution in the Hardware Industry

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

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

Newonder Special 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.

Newonder Special 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
=	( (80.626	+	42.21)	/	2 )	/	298.279	*	365
=	61.418					/	298.279	*	365
=	75.16

Newonder Special 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
=	( (42.21	+	45.807)	/	2 )	/	49.58	*	365 / 4
=	44.0085					/	49.58	*	365 / 4
=	81.00

Newonder Special Electric Co Days Payable Related Terms

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Newonder Special Electric Co (SZSE:301120) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Newonder Special Electric Co Ltd (SZSE:301120) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yard 1, Lize Middle Road, Office A801, 8th Floor, Building 2, Chaoyang District, Beijing, CHN, 065201

Website

http://www.xinhuadu.com.cn

Newonder Special Electric Co Ltd is engaged in research and development, production and sales of various special transformers and reactors with frequency conversion transformers as the core and sales of supporting products.

Executives

Su Jing

Supervisors

Newonder Special Electric Co (SZSE:301120) Headlines

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