Grandit Co (SHSE:688549) Days Payable : 253.06 (As of Mar. 2024)

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What is Grandit Co Days Payable?

Grandit Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥553.2 Mil. Grandit Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥199.5 Mil. Hence, Grandit Co's Days Payable for the three months ended in Mar. 2024 was 253.06.

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

SHSE:688549' s Days Payable Range Over the Past 10 Years
Min: 164.89 Med: 235.57 Max: 303.19
Current: 271.54

During the past 6 years, Grandit Co's highest Days Payable was 303.19. The lowest was 164.89. And the median was 235.57.

SHSE:688549's Days Payable is ranked better than
97.08% of 1506 companies
in the Chemicals industry
Industry Median: 61.065 vs SHSE:688549: 271.54

Grandit Co's Days Payable declined from Mar. 2023 (300.60) to Mar. 2024 (253.06). It may suggest that Grandit Co accelerated paying its suppliers.

Grandit Co Days Payable Historical Data

The historical data trend for Grandit 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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Grandit Co Days Payable Chart

Grandit Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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164.89

187.72

303.19

279.82

Grandit Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial										300.60	285.84	265.21	282.11	253.06

Competitive Comparison of Grandit Co's Days Payable

For the Specialty Chemicals subindustry, Grandit 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.

Grandit Co's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Grandit Co's Days Payable falls into.

Grandit 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.

Grandit 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
=	( (519.913	+	577.407)	/	2 )	/	715.68	*	365
=	548.66					/	715.68	*	365
=	279.82

Grandit 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
=	( (577.407	+	529.08)	/	2 )	/	199.493	*	365 / 4
=	553.2435					/	199.493	*	365 / 4
=	253.06

Grandit Co Days Payable Related Terms

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Grandit Co (SHSE:688549) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Grandit Co Ltd (SHSE:688549) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Southeast Times City, Room 857, Building 3, Zhejiang, Quzhou, CHN, 324004

Website

https://www.grandit.com.cn

Grandit Co Ltd focuses on the research & development, production and sales of electronic chemical materials required by the semiconductor industry such as integrated circuits and display panels. The company's business has covered three major business segments: electronic wet chemicals, electronic specialty gases and precursor materials.

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