Qingdao Greensum Ecology Co (SZSE:300948) Days Payable : 1,694.97 (As of Mar. 2024)

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What is Qingdao Greensum Ecology Co Days Payable?

Qingdao Greensum Ecology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥369.7 Mil. Qingdao Greensum Ecology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥19.9 Mil. Hence, Qingdao Greensum Ecology Co's Days Payable for the three months ended in Mar. 2024 was 1,694.97.

The historical rank and industry rank for Qingdao Greensum Ecology Co's Days Payable or its related term are showing as below:

SZSE:300948' s Days Payable Range Over the Past 10 Years
Min: 161.17 Med: 293.97 Max: 583.48
Current: 583.48

During the past 10 years, Qingdao Greensum Ecology Co's highest Days Payable was 583.48. The lowest was 161.17. And the median was 293.97.

SZSE:300948's Days Payable is ranked better than
90.71% of 226 companies
in the Waste Management industry
Industry Median: 72.98 vs SZSE:300948: 583.48

Qingdao Greensum Ecology Co's Days Payable increased from Mar. 2023 (634.17) to Mar. 2024 (1,694.97). It may suggest that Qingdao Greensum Ecology Co delayed paying its suppliers.

Qingdao Greensum Ecology Co Days Payable Historical Data

The historical data trend for Qingdao Greensum Ecology 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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Qingdao Greensum Ecology Co Days Payable Chart

Qingdao Greensum Ecology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

355.14

381.35

329.73

333.38

522.59

Qingdao Greensum Ecology 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															634.17	341.57	617.33	595.35	1,694.97

Competitive Comparison of Qingdao Greensum Ecology Co's Days Payable

For the Waste Management subindustry, Qingdao Greensum Ecology 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.

Qingdao Greensum Ecology Co's Days Payable Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Qingdao Greensum Ecology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Qingdao Greensum Ecology Co's Days Payable falls into.

Qingdao Greensum Ecology 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.

Qingdao Greensum Ecology 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
=	( (349.693	+	382.258)	/	2 )	/	255.613	*	365
=	365.9755					/	255.613	*	365
=	522.59

Qingdao Greensum Ecology 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
=	( (382.258	+	357.175)	/	2 )	/	19.904	*	365 / 4
=	369.7165					/	19.904	*	365 / 4
=	1,694.97

Qingdao Greensum Ecology Co Days Payable Related Terms

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Qingdao Greensum Ecology Co (SZSE:300948) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Qingdao Greensum Ecology Co Ltd (SZSE:300948) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shashakou Street, North of Village Committee, Beilongkou Community, Laoshan District, Shandong Province, Qingdao, CHN, 266100

Website

http://www.greensum.com.cn

Qingdao Greensum Ecology Co Ltd specializes in ecological restoration work, including: vegetation restoration, soil restoration, water and soil conservation, sand prevention and control, and military camouflage for national defense. In addition to ecological restoration, it is also engaged in three-dimensional greening and urban environment construction.

Qingdao Greensum Ecology Co (SZSE:300948) Headlines

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