Wcon Electronics (Guangdong) Co (SZSE:301328) Days Payable : 75.02 (As of Mar. 2024)

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What is Wcon Electronics (Guangdong) Co Days Payable?

Wcon Electronics (Guangdong) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥51.9 Mil. Wcon Electronics (Guangdong) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥63.2 Mil. Hence, Wcon Electronics (Guangdong) Co's Days Payable for the three months ended in Mar. 2024 was 75.02.

The historical rank and industry rank for Wcon Electronics (Guangdong) Co's Days Payable or its related term are showing as below:

SZSE:301328' s Days Payable Range Over the Past 10 Years
Min: 60.79 Med: 68.01 Max: 87.32
Current: 74.59

During the past 6 years, Wcon Electronics (Guangdong) Co's highest Days Payable was 87.32. The lowest was 60.79. And the median was 68.01.

SZSE:301328's Days Payable is ranked better than
55.7% of 2420 companies
in the Hardware industry
Industry Median: 68.065 vs SZSE:301328: 74.59

Wcon Electronics (Guangdong) Co's Days Payable declined from Mar. 2023 (99.67) to Mar. 2024 (75.02). It may suggest that Wcon Electronics (Guangdong) Co accelerated paying its suppliers.

Wcon Electronics (Guangdong) Co Days Payable Historical Data

The historical data trend for Wcon Electronics (Guangdong) 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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Wcon Electronics (Guangdong) Co Days Payable Chart

Wcon Electronics (Guangdong) Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

60.79

71.17

62.92

81.16

87.32

Wcon Electronics (Guangdong) Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											99.67	79.41	70.59	71.68	75.02

Competitive Comparison of Wcon Electronics (Guangdong) Co's Days Payable

For the Electronic Components subindustry, Wcon Electronics (Guangdong) 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.

Wcon Electronics (Guangdong) Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Wcon Electronics (Guangdong) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Wcon Electronics (Guangdong) Co's Days Payable falls into.

Wcon Electronics (Guangdong) 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.

Wcon Electronics (Guangdong) 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
=	( (78.953	+	54.937)	/	2 )	/	279.827	*	365
=	66.945					/	279.827	*	365
=	87.32

Wcon Electronics (Guangdong) 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
=	( (54.937	+	48.944)	/	2 )	/	63.179	*	365 / 4
=	51.9405					/	63.179	*	365 / 4
=	75.02

Wcon Electronics (Guangdong) Co Days Payable Related Terms

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Wcon Electronics (Guangdong) Co (SZSE:301328) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wcon Electronics (Guangdong) Co Ltd (SZSE:301328) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

01A, Changxing Road, Ludong Community, Humen Town, Guangdong Province, Dongguan, CHN, 523935

Website

https://www.wcon.cn

Wcon Electronics (Guangdong) Co Ltd is engaged in the research and development, design, production and sales of industrial control connectors, automotive connectors and new energy connectors.

Wcon Electronics (Guangdong) Co (SZSE:301328) Headlines

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