State Power Rixin Technology Co (SZSE:301162) Days Payable : 302.46 (As of Mar. 2024)

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What is State Power Rixin Technology Co Days Payable?

State Power Rixin Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥119.2 Mil. State Power Rixin Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥36.0 Mil. Hence, State Power Rixin Technology Co's Days Payable for the three months ended in Mar. 2024 was 302.46.

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

SZSE:301162' s Days Payable Range Over the Past 10 Years
Min: 119.75 Med: 250.4 Max: 305.55
Current: 218.2

During the past 7 years, State Power Rixin Technology Co's highest Days Payable was 305.55. The lowest was 119.75. And the median was 250.40.

SZSE:301162's Days Payable is ranked better than
92.33% of 965 companies
in the Semiconductors industry
Industry Median: 51.92 vs SZSE:301162: 218.20

State Power Rixin Technology Co's Days Payable increased from Mar. 2023 (270.94) to Mar. 2024 (302.46). It may suggest that State Power Rixin Technology Co delayed paying its suppliers.

State Power Rixin Technology Co Days Payable Historical Data

The historical data trend for State Power Rixin 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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State Power Rixin Technology Co Days Payable Chart

State Power Rixin Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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210.46

295.68

305.55

290.33

State Power Rixin Technology Co Quarterly Data
	Dec17	Dec18	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															270.94	195.16	182.80	212.61	302.46

Competitive Comparison of State Power Rixin Technology Co's Days Payable

For the Solar subindustry, State Power Rixin 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.

State Power Rixin Technology Co's Days Payable Distribution in the Semiconductors Industry

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

* The bar in red indicates where State Power Rixin Technology Co's Days Payable falls into.

State Power Rixin 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.

State Power Rixin 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
=	( (102.789	+	132.715)	/	2 )	/	148.039	*	365
=	117.752					/	148.039	*	365
=	290.33

State Power Rixin 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
=	( (132.715	+	105.712)	/	2 )	/	35.966	*	365 / 4
=	119.2135					/	35.966	*	365 / 4
=	302.46

State Power Rixin Technology Co Days Payable Related Terms

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State Power Rixin Technology Co (SZSE:301162) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » State Power Rixin Technology Co Ltd (SZSE:301162) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 227, 2nd Floor, Building 1, Xisanqi Building Materials, Haidian District, Beijing, CHN, 100096

Website

https://www.sprixin.com

State Power Rixin Technology Co Ltd manufactures and distributes electrical power equipment. The Company produces power generation forecast products, new energy grid connected intelligent control systems, new energy power station intelligent operation systems, power grid new energy management systems, and others. State Power Rixin Technology also operates import and export businesses.

State Power Rixin Technology Co (SZSE:301162) Headlines

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