Guangdong Guanghong Holdings Co (SZSE:000529) Days Payable : 13.71 (As of Mar. 2024)

View and export this data going back to 1993. Start your Free Trial

What is Guangdong Guanghong Holdings Co Days Payable?

Guangdong Guanghong Holdings Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥80 Mil. Guangdong Guanghong Holdings Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥536 Mil. Hence, Guangdong Guanghong Holdings Co's Days Payable for the three months ended in Mar. 2024 was 13.71.

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

SZSE:000529' s Days Payable Range Over the Past 10 Years
Min: 9.38 Med: 39.56 Max: 75.04
Current: 12.15

During the past 13 years, Guangdong Guanghong Holdings Co's highest Days Payable was 75.04. The lowest was 9.38. And the median was 39.56.

SZSE:000529's Days Payable is ranked worse than
93.96% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 46.18 vs SZSE:000529: 12.15

Guangdong Guanghong Holdings Co's Days Payable declined from Mar. 2023 (14.95) to Mar. 2024 (13.71). It may suggest that Guangdong Guanghong Holdings Co accelerated paying its suppliers.

Guangdong Guanghong Holdings Co Days Payable Historical Data

The historical data trend for Guangdong Guanghong Holdings 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.

* Premium members only.

Guangdong Guanghong Holdings Co Days Payable Chart

Guangdong Guanghong Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

44.18

59.96

75.04

37.56

9.44

Guangdong Guanghong Holdings 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															14.95	11.84	11.14	10.68	13.71

Competitive Comparison of Guangdong Guanghong Holdings Co's Days Payable

For the Farm Products subindustry, Guangdong Guanghong Holdings 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 Guanghong Holdings Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Guangdong Guanghong Holdings Co's Days Payable distribution charts can be found below:

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

Guangdong Guanghong Holdings 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 Guanghong Holdings 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
=	( (62.698	+	75.866)	/	2 )	/	2677.489	*	365
=	69.282					/	2677.489	*	365
=	9.44

Guangdong Guanghong Holdings 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
=	( (75.866	+	85.031)	/	2 )	/	535.577	*	365 / 4
=	80.4485					/	535.577	*	365 / 4
=	13.71

Guangdong Guanghong Holdings Co Days Payable Related Terms

Thank you for viewing the detailed overview of Guangdong Guanghong Holdings Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Guangdong Guanghong Holdings Co (SZSE:000529) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Guangdong Guanghong Holdings Co Ltd (SZSE:000529) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Guangzhou Avenue 520, Tianhe District, Guangzhou, Guangdong, CHN, 529700

Website

http://www.ghkg000529.com

Guangdong Guanghong Holdings Co Ltd operates in agricultural and sideline food processing industry.

Executives

Wang Zhen Xiu	Supervisors
Chen Zeng Ling	Executives
Chen Zi Zhao	Directors, executives
Zhang Shuo Cheng	Director
Gong Jie Min	Director

Guangdong Guanghong Holdings Co (SZSE:000529) Headlines

No Headlines