Guangzhou Guanggang Gases and Energy Co (SHSE:688548) Days Payable : 133.46 (As of Mar. 2024)

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What is Guangzhou Guanggang Gases and Energy Co Days Payable?

Guangzhou Guanggang Gases and Energy Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥467 Mil. Guangzhou Guanggang Gases and Energy Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥319 Mil. Hence, Guangzhou Guanggang Gases and Energy Co's Days Payable for the three months ended in Mar. 2024 was 133.46.

The historical rank and industry rank for Guangzhou Guanggang Gases and Energy Co's Days Payable or its related term are showing as below:

SHSE:688548' s Days Payable Range Over the Past 10 Years
Min: 44.28 Med: 78.61 Max: 130.85
Current: 130.85

During the past 5 years, Guangzhou Guanggang Gases and Energy Co's highest Days Payable was 130.85. The lowest was 44.28. And the median was 78.61.

SHSE:688548's Days Payable is ranked better than
86.11% of 1498 companies
in the Chemicals industry
Industry Median: 60.475 vs SHSE:688548: 130.85

Guangzhou Guanggang Gases and Energy Co's Days Payable declined from Mar. 2023 (156.81) to Mar. 2024 (133.46). It may suggest that Guangzhou Guanggang Gases and Energy Co accelerated paying its suppliers.

Guangzhou Guanggang Gases and Energy Co Days Payable Historical Data

The historical data trend for Guangzhou Guanggang Gases and Energy 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 Guanggang Gases and Energy Co Days Payable Chart

Guangzhou Guanggang Gases and Energy Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

48.89

44.28

78.61

122.80

122.82

Guangzhou Guanggang Gases and Energy Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial							156.81	141.09	133.39	109.57	133.46

Competitive Comparison of Guangzhou Guanggang Gases and Energy Co's Days Payable

For the Specialty Chemicals subindustry, Guangzhou Guanggang Gases and Energy 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 Guanggang Gases and Energy Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Guangzhou Guanggang Gases and Energy Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Guangzhou Guanggang Gases and Energy Co's Days Payable falls into.

Guangzhou Guanggang Gases and Energy 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 Guanggang Gases and Energy 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
=	( (404.996	+	397.207)	/	2 )	/	1191.974	*	365
=	401.1015					/	1191.974	*	365
=	122.82

Guangzhou Guanggang Gases and Energy 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
=	( (397.207	+	536.692)	/	2 )	/	319.256	*	365 / 4
=	466.9495					/	319.256	*	365 / 4
=	133.46

Guangzhou Guanggang Gases and Energy Co Days Payable Related Terms

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Guangzhou Guanggang Gases and Energy Co (SHSE:688548) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangzhou Guanggang Gases and Energy Co Ltd (SHSE:688548) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5, Honggang Road, Wanqingsha Town, Nansha, Guangdong, Guangzhou, CHN, 510380

Website

https://www.ggas.com

Guangzhou Guanggang Gases and Energy Co Ltd is engaged in the research & development, production and sales of industrial gases with electronic bulk gases as the core. it is a leading domestic electronic bulk gas comprehensive service provider.

Executives

Liu Qiong

senior management

Guangzhou Guanggang Gases and Energy Co (SHSE:688548) Headlines

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