Guangdong Mingzhu Group Co (SHSE:600382) Days Payable : 99.60 (As of Mar. 2024)

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What is Guangdong Mingzhu Group Co Days Payable?

Guangdong Mingzhu Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥37.1 Mil. Guangdong Mingzhu Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥34.0 Mil. Hence, Guangdong Mingzhu Group Co's Days Payable for the three months ended in Mar. 2024 was 99.60.

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

SHSE:600382' s Days Payable Range Over the Past 10 Years
Min: 22.52 Med: 65.14 Max: 167.33
Current: 79.55

During the past 13 years, Guangdong Mingzhu Group Co's highest Days Payable was 167.33. The lowest was 22.52. And the median was 65.14.

SHSE:600382's Days Payable is ranked better than
59.05% of 2420 companies
in the Hardware industry
Industry Median: 67.93 vs SHSE:600382: 79.55

Guangdong Mingzhu Group Co's Days Payable declined from Mar. 2023 (103.41) to Mar. 2024 (99.60). It may suggest that Guangdong Mingzhu Group Co accelerated paying its suppliers.

Guangdong Mingzhu Group Co Days Payable Historical Data

The historical data trend for Guangdong Mingzhu 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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Guangdong Mingzhu Group Co Days Payable Chart

Guangdong Mingzhu Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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22.52

61.53

167.33

131.22

85.02

Guangdong Mingzhu Group 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															103.41	75.76	74.82	89.64	99.60

Competitive Comparison of Guangdong Mingzhu Group Co's Days Payable

For the Electronic Components subindustry, Guangdong Mingzhu 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.

Guangdong Mingzhu Group Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Guangdong Mingzhu Group Co's Days Payable distribution charts can be found below:

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

Guangdong Mingzhu 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.

Guangdong Mingzhu 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
=	( (57.99	+	42.045)	/	2 )	/	214.725	*	365
=	50.0175					/	214.725	*	365
=	85.02

Guangdong Mingzhu 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
=	( (42.045	+	32.146)	/	2 )	/	33.984	*	365 / 4
=	37.0955					/	33.984	*	365 / 4
=	99.60

Guangdong Mingzhu Group Co Days Payable Related Terms

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Guangdong Mingzhu Group Co (SHSE:600382) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangdong Mingzhu Group Co Ltd (SHSE:600382) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 99 Guanshan Road, Guangdong Province, Xingning, CHN, 514500

Website

http://www.gdmzh.com

Guangdong Mingzhu Group Co Ltd manufactures and distributes general machinery, metal products, automobile parts, rubber products and clothing. It also engages in the smelting of non-ferrous metals and ferrous metals.

Executives

Zhou Can Hong

Director

Guangdong Mingzhu Group Co (SHSE:600382) Headlines

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