Guoguang Electric Co (SZSE:002045) Days Payable : 94.59 (As of Mar. 2024)

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What is Guoguang Electric Co Days Payable?

Guoguang Electric Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,166 Mil. Guoguang Electric Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,125 Mil. Hence, Guoguang Electric Co's Days Payable for the three months ended in Mar. 2024 was 94.59.

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

SZSE:002045' s Days Payable Range Over the Past 10 Years
Min: 80.27 Med: 103.27 Max: 118.89
Current: 80.27

During the past 13 years, Guoguang Electric Co's highest Days Payable was 118.89. The lowest was 80.27. And the median was 103.27.

SZSE:002045's Days Payable is ranked better than
59.41% of 2424 companies
in the Hardware industry
Industry Median: 68.11 vs SZSE:002045: 80.27

Guoguang Electric Co's Days Payable declined from Mar. 2023 (99.26) to Mar. 2024 (94.59). It may suggest that Guoguang Electric Co accelerated paying its suppliers.

Guoguang Electric Co Days Payable Historical Data

The historical data trend for Guoguang Electric 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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Guoguang Electric Co Days Payable Chart

Guoguang Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

105.84

116.85

104.37

84.00

82.17

Guoguang Electric 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															99.26	73.31	74.88	85.45	94.59

Competitive Comparison of Guoguang Electric Co's Days Payable

For the Consumer Electronics subindustry, Guoguang Electric 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.

Guoguang Electric Co's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Guoguang Electric Co's Days Payable falls into.

Guoguang Electric 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.

Guoguang Electric 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
=	( (1187.577	+	1081.533)	/	2 )	/	5039.669	*	365
=	1134.555					/	5039.669	*	365
=	82.17

Guoguang Electric 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
=	( (1081.533	+	1251.379)	/	2 )	/	1125.209	*	365 / 4
=	1166.456					/	1125.209	*	365 / 4
=	94.59

Guoguang Electric Co Days Payable Related Terms

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Guoguang Electric Co (SZSE:002045) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guoguang Electric Co Ltd (SZSE:002045) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

8th Avenue, Guangzhou Xinya Mirror Lake Street, Huadu District, Guangdong, Guangzhou, CHN, 510800

Website

http://www.ggec.com.cn

Guoguang Electric Co Ltd is engaged in manufacturing electro-acoustic and electronic products in China. The product portfolio of the company includes audio accessories, speaker units, audio systems, digital amplifiers, and polymer lithium batteries.

Executives

Tan Guang Rong	Independent director
Liu Jie Sheng	Independent director
Huang Jin Rong	Director
Wen Di	Supervisors
Zhou Hai Chang	Director
Ling Qin	Directors, executives
Chen Jin Qi	Director
Shen Jian Min	Executives

Guoguang Electric Co (SZSE:002045) Headlines

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