Golden Solar New Energy Technology Holdings (HKSE:01121) Days Payable : 101.91 (As of Jun. 2023)

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What is Golden Solar New Energy Technology Holdings Days Payable?

Golden Solar New Energy Technology Holdings's average Accounts Payable for the six months ended in Jun. 2023 was HK$79.6 Mil. Golden Solar New Energy Technology Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$142.5 Mil. Hence, Golden Solar New Energy Technology Holdings's Days Payable for the six months ended in Jun. 2023 was 101.91.

The historical rank and industry rank for Golden Solar New Energy Technology Holdings's Days Payable or its related term are showing as below:

HKSE:01121' s Days Payable Range Over the Past 10 Years
Min: 87.87 Med: 146.95 Max: 231.51
Current: 108.49

During the past 13 years, Golden Solar New Energy Technology Holdings's highest Days Payable was 231.51. The lowest was 87.87. And the median was 146.95.

HKSE:01121's Days Payable is ranked better than
79.69% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.345 vs HKSE:01121: 108.49

Golden Solar New Energy Technology Holdings's Days Payable increased from Jun. 2022 (98.85) to Jun. 2023 (101.91). It may suggest that Golden Solar New Energy Technology Holdings delayed paying its suppliers.

Golden Solar New Energy Technology Holdings Days Payable Historical Data

The historical data trend for Golden Solar New Energy Technology Holdings'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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Golden Solar New Energy Technology Holdings Days Payable Chart

Golden Solar New Energy Technology Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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136.82

231.51

123.68

146.66

127.23

Golden Solar New Energy Technology Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															128.24	98.85	127.00	101.91	96.14

Competitive Comparison of Golden Solar New Energy Technology Holdings's Days Payable

For the Footwear & Accessories subindustry, Golden Solar New Energy Technology Holdings'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.

Golden Solar New Energy Technology Holdings's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Golden Solar New Energy Technology Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Golden Solar New Energy Technology Holdings's Days Payable falls into.

Golden Solar New Energy Technology Holdings 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.

Golden Solar New Energy Technology Holdings's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (108.815	+	105.442)	/	2 )	/	266.62	*	365
=	107.1285					/	266.62	*	365
=	146.66

Golden Solar New Energy Technology Holdings's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (105.442	+	53.717)	/	2 )	/	142.504	*	365 / 2
=	79.5795					/	142.504	*	365 / 2
=	101.91

Golden Solar New Energy Technology Holdings Days Payable Related Terms

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Golden Solar New Energy Technology Holdings (HKSE:01121) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Golden Solar New Energy Technology Holdings Ltd (HKSE:01121) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Huoju Industrial Zone, Jiangnan Town, Licheng District, Fujian Province, Quanzhou, CHN, 362300

Website

http://www.baofengmodern.com

Golden Solar New Energy Technology Holdings Ltd is a material technology company that engages in different market segments such as footwear, environmental protection and energy-related fields.

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