Grandtop Yongxing Group Co (SHSE:601033) Days Payable : 518.52 (As of Mar. 2024)

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What is Grandtop Yongxing Group Co Days Payable?

Grandtop Yongxing Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,836 Mil. Grandtop Yongxing Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥499 Mil. Hence, Grandtop Yongxing Group Co's Days Payable for the three months ended in Mar. 2024 was 518.52.

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

SHSE:601033' s Days Payable Range Over the Past 10 Years
Min: 546.46 Med: 618.3 Max: 635.86
Current: 546.46

During the past 5 years, Grandtop Yongxing Group Co's highest Days Payable was 635.86. The lowest was 546.46. And the median was 618.30.

SHSE:601033's Days Payable is ranked better than
89.38% of 226 companies
in the Waste Management industry
Industry Median: 72.98 vs SHSE:601033: 546.46

Grandtop Yongxing Group Co's Days Payable declined from Mar. 2023 (779.79) to Mar. 2024 (518.52). It may suggest that Grandtop Yongxing Group Co accelerated paying its suppliers.

Grandtop Yongxing Group Co Days Payable Historical Data

The historical data trend for Grandtop Yongxing 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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Grandtop Yongxing Group Co Days Payable Chart

Grandtop Yongxing Group Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

616.20

618.30

635.86

611.93

625.61

Grandtop Yongxing Group Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial							779.79	635.44	578.20	509.35	518.52

Competitive Comparison of Grandtop Yongxing Group Co's Days Payable

For the Waste Management subindustry, Grandtop Yongxing 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.

Grandtop Yongxing Group Co's Days Payable Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Grandtop Yongxing Group Co's Days Payable distribution charts can be found below:

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

Grandtop Yongxing 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.

Grandtop Yongxing 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
=	( (3676.732	+	2954.596)	/	2 )	/	1934.446	*	365
=	3315.664					/	1934.446	*	365
=	625.61

Grandtop Yongxing 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
=	( (2954.596	+	2717.968)	/	2 )	/	499.134	*	365 / 4
=	2836.282					/	499.134	*	365 / 4
=	518.52

Grandtop Yongxing Group Co Days Payable Related Terms

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Grandtop Yongxing Group Co (SHSE:601033) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Grandtop Yongxing Group Co Ltd (SHSE:601033) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Website

Grandtop Yongxing Group Co Ltd is engaged in the waste incineration power generation business. The company focuses on clean energy production and focuses on the harmless, reduction, and resource utilization treatment of solid waste.

Grandtop Yongxing Group Co (SHSE:601033) Headlines

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