Chengdu Galaxy Magnets Co (SZSE:300127) Days Payable : 26.93 (As of Mar. 2024)

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What is Chengdu Galaxy Magnets Co Days Payable?

Chengdu Galaxy Magnets Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥34.5 Mil. Chengdu Galaxy Magnets Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥117.0 Mil. Hence, Chengdu Galaxy Magnets Co's Days Payable for the three months ended in Mar. 2024 was 26.93.

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

SZSE:300127' s Days Payable Range Over the Past 10 Years
Min: 25.31 Med: 34 Max: 39.81
Current: 25.31

During the past 13 years, Chengdu Galaxy Magnets Co's highest Days Payable was 39.81. The lowest was 25.31. And the median was 34.00.

SZSE:300127's Days Payable is ranked worse than
91.56% of 2418 companies
in the Hardware industry
Industry Median: 67.94 vs SZSE:300127: 25.31

Chengdu Galaxy Magnets Co's Days Payable declined from Mar. 2023 (37.43) to Mar. 2024 (26.93). It may suggest that Chengdu Galaxy Magnets Co accelerated paying its suppliers.

Chengdu Galaxy Magnets Co Days Payable Historical Data

The historical data trend for Chengdu Galaxy Magnets 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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Chengdu Galaxy Magnets Co Days Payable Chart

Chengdu Galaxy Magnets Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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39.29

35.84

29.13

32.65

34.02

Chengdu Galaxy Magnets 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															37.43	29.11	26.96	20.55	26.93

Competitive Comparison of Chengdu Galaxy Magnets Co's Days Payable

For the Electronic Components subindustry, Chengdu Galaxy Magnets 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.

Chengdu Galaxy Magnets Co's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Chengdu Galaxy Magnets Co's Days Payable falls into.

Chengdu Galaxy Magnets 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.

Chengdu Galaxy Magnets 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
=	( (68.264	+	35.871)	/	2 )	/	558.578	*	365
=	52.0675					/	558.578	*	365
=	34.02

Chengdu Galaxy Magnets 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
=	( (35.871	+	33.181)	/	2 )	/	117.008	*	365 / 4
=	34.526					/	117.008	*	365 / 4
=	26.93

Chengdu Galaxy Magnets Co Days Payable Related Terms

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Chengdu Galaxy Magnets Co (SZSE:300127) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chengdu Galaxy Magnets Co Ltd (SZSE:300127) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Bai caoroad, West district, Chengdu National Hi-tech Developing Area, Chengdu City, CHN, 611731

Website

http://www.galaxymagnets.com

Chengdu Galaxy Magnets Co Ltd is engaged in research, development, and production of bounded NdFeB magnet as well as Samarium-Cobalt magnet. It is widely hard disk drives, CD-ROM drives, DVD spindle motors and stepper motors.

Executives

Dai Yan	Director
Wu Zhi Jian	Directors, executives
He Jin Zhou	Directors, executives
Luo Min	Independent director
Tang Jian Ying	Supervisors
Huang Ying	Securities Affairs Representative

Chengdu Galaxy Magnets Co (SZSE:300127) Headlines

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