China Green Agriculture (FRA:GR0A) Days Payable : 11.37 (As of Dec. 2023)

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What is China Green Agriculture Days Payable?

China Green Agriculture's average Accounts Payable for the three months ended in Dec. 2023 was €1.7 Mil. China Green Agriculture's Cost of Goods Sold for the three months ended in Dec. 2023 was €13.3 Mil. Hence, China Green Agriculture's Days Payable for the three months ended in Dec. 2023 was 11.37.

The historical rank and industry rank for China Green Agriculture's Days Payable or its related term are showing as below:

FRA:GR0A' s Days Payable Range Over the Past 10 Years
Min: 4.99 Med: 15.98 Max: 40.09
Current: 7.54

During the past 13 years, China Green Agriculture's highest Days Payable was 40.09. The lowest was 4.99. And the median was 15.98.

FRA:GR0A's Days Payable is ranked worse than
99.15% of 234 companies
in the Agriculture industry
Industry Median: 78.955 vs FRA:GR0A: 7.54

China Green Agriculture's Days Payable increased from Dec. 2022 (8.42) to Dec. 2023 (11.37). It may suggest that China Green Agriculture delayed paying its suppliers.

China Green Agriculture Days Payable Historical Data

The historical data trend for China Green Agriculture'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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China Green Agriculture Days Payable Chart

China Green Agriculture Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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35.95

35.27

25.18

4.64

6.81

China Green Agriculture Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															8.42	4.65	8.41	10.40	11.37

Competitive Comparison of China Green Agriculture's Days Payable

For the Agricultural Inputs subindustry, China Green Agriculture'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.

China Green Agriculture's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, China Green Agriculture's Days Payable distribution charts can be found below:

* The bar in red indicates where China Green Agriculture's Days Payable falls into.

China Green Agriculture 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.

China Green Agriculture's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1.581	+	1.938)	/	2 )	/	94.351	*	365
=	1.7595					/	94.351	*	365
=	6.81

China Green Agriculture's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.854	+	1.453)	/	2 )	/	13.271	*	365 / 4
=	1.6535					/	13.271	*	365 / 4
=	11.37

China Green Agriculture Days Payable Related Terms

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China Green Agriculture (FRA:GR0A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » China Green Agriculture Inc (FRA:GR0A) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CGA:USA GR0A:Germany

Address

South Taibai Road, 3rd Floor, Borough A, Block A. No. 181, Shaanxi Province, Xi’an, CHN, 710065

Website

http://www.cgagri.com

China Green Agriculture Inc is engaged in the business of fertilizer and agricultural products. It involves the research, development, production, distribution, and sale of humic acid-based compound fertilizer, blended fertilizer, organic compound fertilizer, slow-release fertilizers, concentrated water-soluble fertilizers, and mixed organic-inorganic compound fertilizer and the development, production, and distribution of agricultural products, such as top-grade fruits, vegetables, flowers and colored seedlings in China. The company operates in three segments: Fertilizer products (Jinong), Fertilizer products (Gufeng), and agricultural products (Yuxing). All of its operations are conducted in China.

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