GRG Banking Equipment Co (SZSE:002152) Days Payable : 180.80 (As of Mar. 2024)

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What is GRG Banking Equipment Co Days Payable?

GRG Banking Equipment Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,652 Mil. GRG Banking Equipment Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,338 Mil. Hence, GRG Banking Equipment Co's Days Payable for the three months ended in Mar. 2024 was 180.80.

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

SZSE:002152' s Days Payable Range Over the Past 10 Years
Min: 80.52 Med: 107.77 Max: 165.1
Current: 144.37

During the past 13 years, GRG Banking Equipment Co's highest Days Payable was 165.10. The lowest was 80.52. And the median was 107.77.

SZSE:002152's Days Payable is ranked better than
76.54% of 2928 companies
in the Industrial Products industry
Industry Median: 76.5 vs SZSE:002152: 144.37

GRG Banking Equipment Co's Days Payable declined from Mar. 2023 (253.80) to Mar. 2024 (180.80). It may suggest that GRG Banking Equipment Co accelerated paying its suppliers.

GRG Banking Equipment Co Days Payable Historical Data

The historical data trend for GRG Banking Equipment 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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GRG Banking Equipment Co Days Payable Chart

GRG Banking Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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98.54

112.41

120.46

160.75

165.10

GRG Banking Equipment 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															253.80	167.09	152.53	102.37	180.80

Competitive Comparison of GRG Banking Equipment Co's Days Payable

For the Business Equipment & Supplies subindustry, GRG Banking Equipment 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.

GRG Banking Equipment Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, GRG Banking Equipment Co's Days Payable distribution charts can be found below:

* The bar in red indicates where GRG Banking Equipment Co's Days Payable falls into.

GRG Banking Equipment 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.

GRG Banking Equipment 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
=	( (2535.804	+	2709.572)	/	2 )	/	5798.344	*	365
=	2622.688					/	5798.344	*	365
=	165.10

GRG Banking Equipment 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
=	( (2709.572	+	2594.095)	/	2 )	/	1338.419	*	365 / 4
=	2651.8335					/	1338.419	*	365 / 4
=	180.80

GRG Banking Equipment Co Days Payable Related Terms

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GRG Banking Equipment Co (SZSE:002152) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GRG Banking Equipment Co Ltd (SZSE:002152) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 911, Colin Road, Science City, Hi-Tech Industrial Development Zone, Guangdong Province, Guangzhou, CHN, 510663

Website

http://www.grgbanking.com

GRG Banking Equipment Co Ltd is engaged in the development and manufacturing of automated teller machines. Its business covers many more areas, such as smart transportation solution, public security with AI technologies like biometrics identification, image, and video analysis, and big data. Its products and services consist of a financial self-service solution such as retail solution and branch automation, cash sorting machine, OEM module, and terminal equipment.

GRG Banking Equipment Co (SZSE:002152) Headlines

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