Greenland Technologies Holding (Greenland Technologies Holding) Days Payable : 137.52 (As of Dec. 2023)

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What is Greenland Technologies Holding Days Payable?

Greenland Technologies Holding's average Accounts Payable for the three months ended in Dec. 2023 was $25.50 Mil. Greenland Technologies Holding's Cost of Goods Sold for the three months ended in Dec. 2023 was $16.92 Mil. Hence, Greenland Technologies Holding's Days Payable for the three months ended in Dec. 2023 was 137.52.

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

GTEC' s Days Payable Range Over the Past 10 Years
Min: 117.61 Med: 134.18 Max: 143.46
Current: 143.46

During the past 6 years, Greenland Technologies Holding's highest Days Payable was 143.46. The lowest was 117.61. And the median was 134.18.

GTEC's Days Payable is ranked better than
76.26% of 2928 companies
in the Industrial Products industry
Industry Median: 76.5 vs GTEC: 143.46

Greenland Technologies Holding's Days Payable declined from Dec. 2022 (145.26) to Dec. 2023 (137.52). It may suggest that Greenland Technologies Holding accelerated paying its suppliers.

Greenland Technologies Holding Days Payable Historical Data

The historical data trend for Greenland Technologies Holding'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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Greenland Technologies Holding Days Payable Chart

Greenland Technologies Holding Annual Data

Trend

Nov18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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134.18

123.98

117.61

138.50

139.02

Greenland Technologies Holding Quarterly Data
	Feb19	May19	Aug19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															145.26	146.10	146.42	148.63	137.52

Competitive Comparison of Greenland Technologies Holding's Days Payable

For the Specialty Industrial Machinery subindustry, Greenland Technologies Holding'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.

Greenland Technologies Holding's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Greenland Technologies Holding's Days Payable falls into.

Greenland Technologies Holding 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.

Greenland Technologies Holding'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
=	( (24.817	+	25.273)	/	2 )	/	65.757	*	365
=	25.045					/	65.757	*	365
=	139.02

Greenland Technologies Holding's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (25.732	+	25.273)	/	2 )	/	16.922	*	365 / 4
=	25.5025					/	16.922	*	365 / 4
=	137.52

Greenland Technologies Holding Days Payable Related Terms

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Greenland Technologies Holding (Greenland Technologies Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Greenland Technologies Holding Corp (NAS:GTEC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Millstone Road, Building 400, Suite 130, Zhejiang, East Windsor, NJ, USA, 08512

Website

https://ir.gtec-tech.com

Greenland Technologies Holding Corp is a developer of innovative and quality solutions in the material handling industry. It is a transmission and drivetrain systems provider for material handling equipment such as forklift trucks for industrial and logistic applications. Geographically, the company has its presence in Domestic and International markets and earns majority of the revenue from Domestic Sales.

Executives

Raymond Z Wang	officer: CEO and President	STE 906, TOWER W1. ORIENTAL PLAZA NO. 1, DONGCHENG DISTRICT BEIJING F4 100006
Peter Wang	director, 10 percent owner
Jing Jin	officer: Chief Financial Officer	STE 906, TOWER W1. ORIENTAL PLAZA NO. 1, DONGCHENG DISTRICT BEIJING F4 100006
Ming Zhao	director	1ST FLOOR, YUZHENG PLAZA, NO. 76, YUHUANGSHAN ROAD, HANGZHOU, ZHEJIANG PROVINCE F4 00000
Bo Shen	director	11-F, BUILDING 12, SUNKIN PLAZA, GAOJIAO ROAD, HANGZHOU, ZHEJIANG F4 311122
Charles Athle Nelson	director	11-F, BUILDING 12, SUNKING PLAZA, GAOJIAO ROAD, HANGZHOU, ZHEJIANG F4 311122
Min Zhang	director	STE 906, TOWER W1. ORIENTAL PLAZA NO. 1, DONGCHENG DISTRICT BEIJING F4 100006
Everett Xiaolin Wang	director	STE 906, TOWER W1. ORIENTAL PLAZA NO. 1, DONGCHENG DISTRICT BEIJING F4 100006
Liu Yanming	director, 10 percent owner	SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
Lei Chen	officer: Chief Scientist	STE 906, TOWER W1. ORIENTAL PLAZA NO. 1, DONGCHENG DISTRICT BEIJING F4 100006
Greenland Asset Management Corp	10 percent owner	WEST WING, YONGDA INTERNATIONAL TOWER, NO. 2277 LONGYANG ROAD, PUDONG SHANGHAI F4 100006
Hong Liang Lu	director	C/O UTSTARCOM INC., 1275 HARBOR BAY PARKWAY, ALAMEDA CA 94502
Cui Shan	director	SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
Tao Tang	director	SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
Jerry Zheng	officer: COO	SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006