Ginwa Enterprise Group (SHSE:600080) Days Payable : 34.63 (As of Mar. 2024)

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What is Ginwa Enterprise Group Days Payable?

Ginwa Enterprise Group's average Accounts Payable for the three months ended in Mar. 2024 was ¥10.3 Mil. Ginwa Enterprise Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥27.1 Mil. Hence, Ginwa Enterprise Group's Days Payable for the three months ended in Mar. 2024 was 34.63.

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

SHSE:600080' s Days Payable Range Over the Past 10 Years
Min: 39.21 Med: 59.69 Max: 85.82
Current: 41.02

During the past 13 years, Ginwa Enterprise Group's highest Days Payable was 85.82. The lowest was 39.21. And the median was 59.69.

SHSE:600080's Days Payable is ranked worse than
81.72% of 974 companies
in the Drug Manufacturers industry
Industry Median: 89.345 vs SHSE:600080: 41.02

Ginwa Enterprise Group's Days Payable declined from Mar. 2023 (65.99) to Mar. 2024 (34.63). It may suggest that Ginwa Enterprise Group accelerated paying its suppliers.

Ginwa Enterprise Group Days Payable Historical Data

The historical data trend for Ginwa Enterprise Group'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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Ginwa Enterprise Group Days Payable Chart

Ginwa Enterprise Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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65.74

49.84

39.72

46.55

39.21

Ginwa Enterprise Group 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															65.99	54.87	45.38	26.76	34.63

Competitive Comparison of Ginwa Enterprise Group's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Ginwa Enterprise Group'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.

Ginwa Enterprise Group's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Ginwa Enterprise Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Ginwa Enterprise Group's Days Payable falls into.

Ginwa Enterprise Group 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.

Ginwa Enterprise Group'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
=	( (19.449	+	9.285)	/	2 )	/	133.752	*	365
=	14.367					/	133.752	*	365
=	39.21

Ginwa Enterprise Group'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
=	( (9.285	+	11.315)	/	2 )	/	27.143	*	365 / 4
=	10.3					/	27.143	*	365 / 4
=	34.63

Ginwa Enterprise Group Days Payable Related Terms

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Ginwa Enterprise Group (SHSE:600080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ginwa Enterprise Group Inc (SHSE:600080) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 16 Gaoxin 2nd Road, New and High-Technology Development Zone, Xi'an, Shanxi, CHN, 710075

Website

http://www.ginwa.com

Ginwa Enterprise Group Inc operates in the pharmaceutical industry.

Executives

Zhang Chao Yang	Director
Zhang Mei	Director
Tao Yu	senior management
Qin Chuan	Director
Hou Yi Wen	senior management
Ge Xiu Li	Supervisors

Ginwa Enterprise Group (SHSE:600080) Headlines

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