Guangdong Songfa Ceramics Co (SHSE:603268) Days Payable : 97.46 (As of Mar. 2024)

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What is Guangdong Songfa Ceramics Co Days Payable?

Guangdong Songfa Ceramics Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥39.6 Mil. Guangdong Songfa Ceramics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥37.1 Mil. Hence, Guangdong Songfa Ceramics Co's Days Payable for the three months ended in Mar. 2024 was 97.46.

The historical rank and industry rank for Guangdong Songfa Ceramics Co's Days Payable or its related term are showing as below:

SHSE:603268' s Days Payable Range Over the Past 10 Years
Min: 13.06 Med: 32.73 Max: 86.71
Current: 86.71

During the past 13 years, Guangdong Songfa Ceramics Co's highest Days Payable was 86.71. The lowest was 13.06. And the median was 32.73.

SHSE:603268's Days Payable is ranked better than
62.32% of 406 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 69.03 vs SHSE:603268: 86.71

Guangdong Songfa Ceramics Co's Days Payable declined from Mar. 2023 (106.43) to Mar. 2024 (97.46). It may suggest that Guangdong Songfa Ceramics Co accelerated paying its suppliers.

Guangdong Songfa Ceramics Co Days Payable Historical Data

The historical data trend for Guangdong Songfa Ceramics 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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Guangdong Songfa Ceramics Co Days Payable Chart

Guangdong Songfa Ceramics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

37.02

50.39

47.69

61.03

83.74

Guangdong Songfa Ceramics 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															106.43	93.80	84.10	81.63	97.46

Competitive Comparison of Guangdong Songfa Ceramics Co's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Guangdong Songfa Ceramics 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.

Guangdong Songfa Ceramics Co's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Guangdong Songfa Ceramics Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Guangdong Songfa Ceramics Co's Days Payable falls into.

Guangdong Songfa Ceramics 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.

Guangdong Songfa Ceramics 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
=	( (47.509	+	42.696)	/	2 )	/	196.583	*	365
=	45.1025					/	196.583	*	365
=	83.74

Guangdong Songfa Ceramics 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
=	( (42.696	+	36.581)	/	2 )	/	37.111	*	365 / 4
=	39.6385					/	37.111	*	365 / 4
=	97.46

Guangdong Songfa Ceramics Co Days Payable Related Terms

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Guangdong Songfa Ceramics Co (SHSE:603268) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Guangdong Songfa Ceramics Co Ltd (SHSE:603268) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 20, Ruyi Road Industrial Park, Building C2-2, Fengxi District, Chaozhou, CHN, 521031

Website

http://www.songfa.com

Guangdong Songfa Ceramics Co Ltd is engaged in research & development, design, production and sale of daily-use ceramics products. It produce household porcelain, custom porcelain and hotel porcelain and other daily-use ceramic products and also products like cover tableware, tea sets, coffee utensils, display porcelain, art collection porcelain and stainless steel, crystal And household items such as glass.

Executives

Lin Dao Fan	Director
Dong Wei	senior management
You Sha	Director
Chen Li Yuan	senior management
Zhang Rui Hao	senior management
Ceng Wen Guang	Director
Lin Qiu Lan	Director

Guangdong Songfa Ceramics Co (SHSE:603268) Headlines

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