Jiangxi Xinyu Guoke Technology Co (SZSE:300722) Days Payable : 93.96 (As of Mar. 2024)

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What is Jiangxi Xinyu Guoke Technology Co Days Payable?

Jiangxi Xinyu Guoke Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥51.9 Mil. Jiangxi Xinyu Guoke Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥50.4 Mil. Hence, Jiangxi Xinyu Guoke Technology Co's Days Payable for the three months ended in Mar. 2024 was 93.96.

The historical rank and industry rank for Jiangxi Xinyu Guoke Technology Co's Days Payable or its related term are showing as below:

SZSE:300722' s Days Payable Range Over the Past 10 Years
Min: 41.59 Med: 63.2 Max: 149.29
Current: 60.47

During the past 11 years, Jiangxi Xinyu Guoke Technology Co's highest Days Payable was 149.29. The lowest was 41.59. And the median was 63.20.

SZSE:300722's Days Payable is ranked worse than
56.76% of 296 companies
in the Aerospace & Defense industry
Industry Median: 74.7 vs SZSE:300722: 60.47

Jiangxi Xinyu Guoke Technology Co's Days Payable increased from Mar. 2023 (56.78) to Mar. 2024 (93.96). It may suggest that Jiangxi Xinyu Guoke Technology Co delayed paying its suppliers.

Jiangxi Xinyu Guoke Technology Co Days Payable Historical Data

The historical data trend for Jiangxi Xinyu Guoke 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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Jiangxi Xinyu Guoke Technology Co Days Payable Chart

Jiangxi Xinyu Guoke Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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49.67

56.52

54.64

41.59

52.73

Jiangxi Xinyu Guoke Technology 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															56.78	44.66	55.44	43.96	93.96

Competitive Comparison of Jiangxi Xinyu Guoke Technology Co's Days Payable

For the Aerospace & Defense subindustry, Jiangxi Xinyu Guoke 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.

Jiangxi Xinyu Guoke Technology Co's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Jiangxi Xinyu Guoke Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangxi Xinyu Guoke Technology Co's Days Payable falls into.

Jiangxi Xinyu Guoke 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.

Jiangxi Xinyu Guoke 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
=	( (20.445	+	38.85)	/	2 )	/	205.223	*	365
=	29.6475					/	205.223	*	365
=	52.73

Jiangxi Xinyu Guoke 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
=	( (38.85	+	64.925)	/	2 )	/	50.393	*	365 / 4
=	51.8875					/	50.393	*	365 / 4
=	93.96

Jiangxi Xinyu Guoke Technology Co Days Payable Related Terms

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Jiangxi Xinyu Guoke Technology Co (SZSE:300722) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Jiangxi Xinyu Guoke Technology Co Ltd (SZSE:300722) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Songshanjiang Vil Guanchao Tow, Jiangxi Province, Xinyu, CHN, 338018

Website

http://www.jx9394.com

Jiangxi Xinyu Guoke Technology Co Ltd is a China-based company engaged in the business of research, development, production, and sales of military and related products. The company is also involved in the manufacture and trade of pyrotechnic and related products. Its products consist of figure explosion equipment, shadow rocket, shell storage, and transportation device, weather special technical equipment, machinery and blasting equipment and others.

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