Flat Glass Group Co (HKSE:06865) Days Payable : 87.11 (As of Mar. 2024)

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What is Flat Glass Group Co Days Payable?

Flat Glass Group Co's average Accounts Payable for the three months ended in Mar. 2024 was HK$4,663 Mil. Flat Glass Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was HK$4,885 Mil. Hence, Flat Glass Group Co's Days Payable for the three months ended in Mar. 2024 was 87.11.

The historical rank and industry rank for Flat Glass Group Co's Days Payable or its related term are showing as below:

HKSE:06865' s Days Payable Range Over the Past 10 Years
Min: 94.41 Med: 144.35 Max: 181.27
Current: 127.2

During the past 10 years, Flat Glass Group Co's highest Days Payable was 181.27. The lowest was 94.41. And the median was 144.35.

HKSE:06865's Days Payable is ranked better than
72.74% of 1603 companies
in the Construction industry
Industry Median: 74.1 vs HKSE:06865: 127.20

Flat Glass Group Co's Days Payable increased from Mar. 2023 (83.86) to Mar. 2024 (87.11). It may suggest that Flat Glass Group Co delayed paying its suppliers.

Flat Glass Group Co Days Payable Historical Data

The historical data trend for Flat Glass Group 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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Flat Glass Group Co Days Payable Chart

Flat Glass Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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171.79

153.85

115.61

100.42

94.41

Flat Glass Group Co Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															83.86	120.40	90.51	-	87.11

Competitive Comparison of Flat Glass Group Co's Days Payable

For the Building Products & Equipment subindustry, Flat Glass Group 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.

Flat Glass Group Co's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Flat Glass Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Flat Glass Group Co's Days Payable falls into.

Flat Glass Group 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.

Flat Glass Group 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
=	( (4578.579	+	4944.277)	/	2 )	/	18409.088	*	365
=	4761.428					/	18409.088	*	365
=	94.41

Flat Glass Group 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
=	( (4944.277	+	4381.822)	/	2 )	/	4884.649	*	365 / 4
=	4663.0495					/	4884.649	*	365 / 4
=	87.11

Flat Glass Group Co Days Payable Related Terms

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Flat Glass Group Co (HKSE:06865) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Flat Glass Group Co Ltd (HKSE:06865) » Definitions » Days Payable

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FGSGF:USA 72T:Germany 601865:China

Address

1999 Yunhe Road, Xiuzhou District, Zhejiang Province, Jiaxing, CHN

Website

https://www.flatgroup.com.cn

Flat Glass Group Co Ltd manufactures and sells glass and glass products. The Company operates in six segments: Photovoltaic (PV) Glass, Household Glass, Architectural Glass, Float glass, Mining products, and Other businesses. The majority of revenue is derived from the PV glass segment. Its geographical segments are China, Asia (excluding the PRC and Japan), Europe, North America, and Others.

Flat Glass Group Co (HKSE:06865) Headlines

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