Guosheng Financial Holding (SZSE:002670) Days Payable : 144.94 (As of Mar. 2024)

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What is Guosheng Financial Holding Days Payable?

Guosheng Financial Holding's average Accounts Payable for the three months ended in Mar. 2024 was ¥199 Mil. Guosheng Financial Holding's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥125 Mil. Hence, Guosheng Financial Holding's Days Payable for the three months ended in Mar. 2024 was 144.94.

The historical rank and industry rank for Guosheng Financial Holding's Days Payable or its related term are showing as below:

SZSE:002670' s Days Payable Range Over the Past 10 Years
Min: 91.29 Med: 149.57 Max: 247.99
Current: 187.62

During the past 13 years, Guosheng Financial Holding's highest Days Payable was 247.99. The lowest was 91.29. And the median was 149.57.

SZSE:002670's Days Payable is ranked better than
63.64% of 77 companies
in the Diversified Financial Services industry
Industry Median: 77.22 vs SZSE:002670: 187.62

Guosheng Financial Holding's Days Payable declined from Mar. 2023 (240.75) to Mar. 2024 (144.94). It may suggest that Guosheng Financial Holding accelerated paying its suppliers.

Guosheng Financial Holding Days Payable Historical Data

The historical data trend for Guosheng Financial Holding'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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Guosheng Financial Holding Days Payable Chart

Guosheng Financial Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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166.42

145.91

162.41

135.68

153.23

Guosheng Financial Holding 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															240.75	239.95	145.44	166.27	144.94

Competitive Comparison of Guosheng Financial Holding's Days Payable

For the Financial Conglomerates subindustry, Guosheng Financial Holding'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.

Guosheng Financial Holding's Days Payable Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Guosheng Financial Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Guosheng Financial Holding's Days Payable falls into.

Guosheng Financial Holding 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.

Guosheng Financial Holding'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
=	( (117.501	+	254.064)	/	2 )	/	442.537	*	365
=	185.7825					/	442.537	*	365
=	153.23

Guosheng Financial Holding'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
=	( (254.064	+	143.689)	/	2 )	/	125.203	*	365 / 4
=	198.8765					/	125.203	*	365 / 4
=	144.94

Guosheng Financial Holding Days Payable Related Terms

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Guosheng Financial Holding (SZSE:002670) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Guosheng Financial Holding Inc (SZSE:002670) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 5033 Yitian Road, 101F , Ping An Financial Center, Futian District, Guangdong Province, Shenzhen, CHN, 518000

Website

http://www.guoshengjinkong.com

Guosheng Financial Holding Inc is a China based integrated financial service group. It provides financial products and services including securities, investment, finance and technology. The company focuses on building brokerage and securities research, institutional securities, credit, investment management and internet finance, leading to provide customers with a chain of financial services.

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