Guangzhou Frontop Digital Creative Technology Co (SZSE:301313) Days Payable : 556.58 (As of Mar. 2024)

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What is Guangzhou Frontop Digital Creative Technology Co Days Payable?

Guangzhou Frontop Digital Creative Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥321.3 Mil. Guangzhou Frontop Digital Creative Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥52.7 Mil. Hence, Guangzhou Frontop Digital Creative Technology Co's Days Payable for the three months ended in Mar. 2024 was 556.58.

The historical rank and industry rank for Guangzhou Frontop Digital Creative Technology Co's Days Payable or its related term are showing as below:

SZSE:301313' s Days Payable Range Over the Past 10 Years
Min: 43.23 Med: 131.99 Max: 318.75
Current: 306.76

During the past 9 years, Guangzhou Frontop Digital Creative Technology Co's highest Days Payable was 318.75. The lowest was 43.23. And the median was 131.99.

SZSE:301313's Days Payable is ranked better than
84.18% of 923 companies
in the Media - Diversified industry
Industry Median: 79.7 vs SZSE:301313: 306.76

Guangzhou Frontop Digital Creative Technology Co's Days Payable increased from Mar. 2023 (380.13) to Mar. 2024 (556.58). It may suggest that Guangzhou Frontop Digital Creative Technology Co delayed paying its suppliers.

Guangzhou Frontop Digital Creative Technology Co Days Payable Historical Data

The historical data trend for Guangzhou Frontop Digital Creative Technology 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 Frontop Digital Creative Technology Co Days Payable Chart

Guangzhou Frontop Digital Creative Technology Co Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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131.99

153.27

175.17

244.59

318.75

Guangzhou Frontop Digital Creative Technology Co Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															380.13	341.65	405.87	172.47	556.58

Competitive Comparison of Guangzhou Frontop Digital Creative Technology Co's Days Payable

For the Advertising Agencies subindustry, Guangzhou Frontop Digital Creative Technology 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 Frontop Digital Creative Technology Co's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Guangzhou Frontop Digital Creative Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Guangzhou Frontop Digital Creative Technology Co's Days Payable falls into.

Guangzhou Frontop Digital Creative Technology 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 Frontop Digital Creative Technology 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
=	( (284.392	+	341.109)	/	2 )	/	358.133	*	365
=	312.7505					/	358.133	*	365
=	318.75

Guangzhou Frontop Digital Creative Technology 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
=	( (341.109	+	301.544)	/	2 )	/	52.681	*	365 / 4
=	321.3265					/	52.681	*	365 / 4
=	556.58

Guangzhou Frontop Digital Creative Technology Co Days Payable Related Terms

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Guangzhou Frontop Digital Creative Technology Co (SZSE:301313) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Guangzhou Frontop Digital Creative Technology Co Ltd (SZSE:301313) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2701, 2703, 2704, 2705, 2706, 2707, No. 117, Longyi Road, Tianhe District, Guangdong Province, Guangzhou, CHN, 510000

Website

https://www.frontop.cn

Guangzhou Frontop Digital Creative Technology Co Ltd is committed to digital multimedia display services and cutting-edge technology exploration and research. It has around 6 domestic technology creative service centers - Beijing, Shanghai, Guangzhou, Shenzhen, Wuhan and several domestic branches.

Executives

Ke Mao Xu	Director
Du Jian Quan	Supervisors
Zhang Yu	Directors, executives

Guangzhou Frontop Digital Creative Technology Co (SZSE:301313) Headlines

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