Chongqing Millison Technologies (SZSE:301307) Days Payable : 176.31 (As of Mar. 2024)

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What is Chongqing Millison Technologies Days Payable?

Chongqing Millison Technologies's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,290 Mil. Chongqing Millison Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥668 Mil. Hence, Chongqing Millison Technologies's Days Payable for the three months ended in Mar. 2024 was 176.31.

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

SZSE:301307' s Days Payable Range Over the Past 10 Years
Min: 151.25 Med: 188.16 Max: 241.15
Current: 182.35

During the past 6 years, Chongqing Millison Technologies's highest Days Payable was 241.15. The lowest was 151.25. And the median was 188.16.

SZSE:301307's Days Payable is ranked better than
83.71% of 2935 companies
in the Industrial Products industry
Industry Median: 76.43 vs SZSE:301307: 182.35

Chongqing Millison Technologies's Days Payable declined from Mar. 2023 (208.70) to Mar. 2024 (176.31). It may suggest that Chongqing Millison Technologies accelerated paying its suppliers.

Chongqing Millison Technologies Days Payable Historical Data

The historical data trend for Chongqing Millison 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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Chongqing Millison Technologies Days Payable Chart

Chongqing Millison Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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198.98

177.33

151.25

169.31

200.04

Chongqing Millison Technologies Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial										208.70	209.28	193.61	155.03	176.31

Competitive Comparison of Chongqing Millison Technologies's Days Payable

For the Metal Fabrication subindustry, Chongqing Millison 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.

Chongqing Millison Technologies's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chongqing Millison Technologies's Days Payable distribution charts can be found below:

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

Chongqing Millison 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.

Chongqing Millison 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
=	( (1586.131	+	1366.179)	/	2 )	/	2693.433	*	365
=	1476.155					/	2693.433	*	365
=	200.04

Chongqing Millison 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
=	( (1366.179	+	1213.68)	/	2 )	/	667.627	*	365 / 4
=	1289.9295					/	667.627	*	365 / 4
=	176.31

Chongqing Millison Technologies Days Payable Related Terms

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Chongqing Millison Technologies (SZSE:301307) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chongqing Millison Technologies Inc (SZSE:301307) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 and No. 2, No. 1, Tian'an Road, Banan District, Chongqing, CHN, 401320

Website

http://www.millison.com.cn

Chongqing Millison Technologies Inc is engaged in the research and development, production and sales of aluminum alloy precision die-casting parts in the communication field and the automotive field.

Chongqing Millison Technologies (SZSE:301307) Headlines

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