Guangzhou Zhiguang Electric Co (SZSE:002169) Days Payable : 362.51 (As of Mar. 2024)

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What is Guangzhou Zhiguang Electric Co Days Payable?

Guangzhou Zhiguang Electric Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,823 Mil. Guangzhou Zhiguang Electric Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥459 Mil. Hence, Guangzhou Zhiguang Electric Co's Days Payable for the three months ended in Mar. 2024 was 362.51.

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

SZSE:002169' s Days Payable Range Over the Past 10 Years
Min: 90.46 Med: 157.12 Max: 235.93
Current: 226.63

During the past 13 years, Guangzhou Zhiguang Electric Co's highest Days Payable was 235.93. The lowest was 90.46. And the median was 157.12.

SZSE:002169's Days Payable is ranked better than
92.02% of 2418 companies
in the Hardware industry
Industry Median: 68.005 vs SZSE:002169: 226.63

Guangzhou Zhiguang Electric Co's Days Payable increased from Mar. 2023 (257.98) to Mar. 2024 (362.51). It may suggest that Guangzhou Zhiguang Electric Co delayed paying its suppliers.

Guangzhou Zhiguang Electric Co Days Payable Historical Data

The historical data trend for Guangzhou Zhiguang 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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Guangzhou Zhiguang Electric Co Days Payable Chart

Guangzhou Zhiguang Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

136.21

189.12

182.81

158.13

235.93

Guangzhou Zhiguang 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															257.98	143.40	275.89	209.39	362.51

Competitive Comparison of Guangzhou Zhiguang Electric Co's Days Payable

For the Electronic Components subindustry, Guangzhou Zhiguang 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.

Guangzhou Zhiguang Electric Co's Days Payable Distribution in the Hardware Industry

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

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

Guangzhou Zhiguang 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.

Guangzhou Zhiguang 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
=	( (1020.418	+	1903.15)	/	2 )	/	2261.513	*	365
=	1461.784					/	2261.513	*	365
=	235.93

Guangzhou Zhiguang 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
=	( (1903.15	+	1741.905)	/	2 )	/	458.757	*	365 / 4
=	1822.5275					/	458.757	*	365 / 4
=	362.51

Guangzhou Zhiguang Electric Co Days Payable Related Terms

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Guangzhou Zhiguang Electric Co (SZSE:002169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangzhou Zhiguang Electric Co Ltd (SZSE:002169) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 248 Wushan Road, Jinshan Building South Block, 3F, Tianhe District, Guangzhou, Guangdong, CHN, 510640

Website

http://www.gzzg.com.cn

Guangzhou Zhiguang Electric Co Ltd is an integrated energy technology and service provider. It is engaged in the research, development, design, manufacture, and sale of electrical control equipment. Its products and services include motor control, power control, power transmission, energy utilization and energy conversion. In addition, the company also provides integrated energy services and related technology.

Executives

Jiang Xin Yu	Executives
Lu Xiao Yang	Supervisors
Rui Dong Yang	Director
Han Wen	Supervisors
Zheng Xiao Jun	Director
Wang Sui Feng	Executives
Li Yong Xi	Director
Qiu Hua	Supervisors
Liu Yong	Supervisors
Yang Xu	Executives
Wang Wei Hong	Executives

Guangzhou Zhiguang Electric Co (SZSE:002169) Headlines

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