GRG Metrology & Test Group Co (SZSE:002967) Days Payable : 89.43 (As of Mar. 2024)

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What is GRG Metrology & Test Group Co Days Payable?

GRG Metrology & Test Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥353 Mil. GRG Metrology & Test Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥361 Mil. Hence, GRG Metrology & Test Group Co's Days Payable for the three months ended in Mar. 2024 was 89.43.

The historical rank and industry rank for GRG Metrology & Test Group Co's Days Payable or its related term are showing as below:

SZSE:002967' s Days Payable Range Over the Past 10 Years
Min: 20.37 Med: 42.22 Max: 91.66
Current: 72.79

During the past 12 years, GRG Metrology & Test Group Co's highest Days Payable was 91.66. The lowest was 20.37. And the median was 42.22.

SZSE:002967's Days Payable is ranked better than
65.76% of 923 companies
in the Business Services industry
Industry Median: 47.39 vs SZSE:002967: 72.79

GRG Metrology & Test Group Co's Days Payable declined from Mar. 2023 (97.26) to Mar. 2024 (89.43). It may suggest that GRG Metrology & Test Group Co accelerated paying its suppliers.

GRG Metrology & Test Group Co Days Payable Historical Data

The historical data trend for GRG Metrology & Test 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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GRG Metrology & Test Group Co Days Payable Chart

GRG Metrology & Test Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

41.97

72.30

88.85

91.66

89.32

GRG Metrology & Test Group 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															97.26	78.93	69.96	62.24	89.43

Competitive Comparison of GRG Metrology & Test Group Co's Days Payable

For the Consulting Services subindustry, GRG Metrology & Test 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.

GRG Metrology & Test Group Co's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, GRG Metrology & Test Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where GRG Metrology & Test Group Co's Days Payable falls into.

GRG Metrology & Test 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.

GRG Metrology & Test 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
=	( (415.027	+	401.166)	/	2 )	/	1667.577	*	365
=	408.0965					/	1667.577	*	365
=	89.32

GRG Metrology & Test 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
=	( (401.166	+	305.44)	/	2 )	/	360.513	*	365 / 4
=	353.303					/	360.513	*	365 / 4
=	89.43

GRG Metrology & Test Group Co Days Payable Related Terms

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GRG Metrology & Test Group Co (SZSE:002967) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GRG Metrology & Test Group Co Ltd (SZSE:002967) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Qishan Road, Room 150, Shiqi Town, Panyu District, Guangdong Province, Guangzhou, CHN, 510656

Website

http://www.grgtest.com

GRG Metrology & Test Group Co Ltd is devoted to standards compiling, product testing and certification, analysis and assessment, consulting and training, test equipment and software research and development, providing state of the art services to various industries including automotive, traffic and rail, communication and electric power and others.

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