Guangzhou Grandbuy Co (SZSE:002187) Days Payable : 44.40 (As of Mar. 2024)

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What is Guangzhou Grandbuy Co Days Payable?

Guangzhou Grandbuy Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥561 Mil. Guangzhou Grandbuy Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,153 Mil. Hence, Guangzhou Grandbuy Co's Days Payable for the three months ended in Mar. 2024 was 44.40.

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

SZSE:002187' s Days Payable Range Over the Past 10 Years
Min: 45.58 Med: 75.36 Max: 113.59
Current: 59.96

During the past 13 years, Guangzhou Grandbuy Co's highest Days Payable was 113.59. The lowest was 45.58. And the median was 75.36.

SZSE:002187's Days Payable is ranked better than
52.73% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 56.41 vs SZSE:002187: 59.96

Guangzhou Grandbuy Co's Days Payable increased from Mar. 2023 (41.30) to Mar. 2024 (44.40). It may suggest that Guangzhou Grandbuy Co delayed paying its suppliers.

Guangzhou Grandbuy Co Days Payable Historical Data

The historical data trend for Guangzhou Grandbuy 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 Grandbuy Co Days Payable Chart

Guangzhou Grandbuy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

45.58

106.76

63.79

64.60

57.52

Guangzhou Grandbuy 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															41.30	52.04	78.58	90.79	44.40

Competitive Comparison of Guangzhou Grandbuy Co's Days Payable

For the Department Stores subindustry, Guangzhou Grandbuy 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 Grandbuy Co's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Guangzhou Grandbuy Co's Days Payable distribution charts can be found below:

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

Guangzhou Grandbuy 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 Grandbuy 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
=	( (607.187	+	660.794)	/	2 )	/	4023.154	*	365
=	633.9905					/	4023.154	*	365
=	57.52

Guangzhou Grandbuy 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
=	( (660.794	+	461.468)	/	2 )	/	1153.28	*	365 / 4
=	561.131					/	1153.28	*	365 / 4
=	44.40

Guangzhou Grandbuy Co Days Payable Related Terms

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Guangzhou Grandbuy Co (SZSE:002187) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Guangzhou Grandbuy Co Ltd (SZSE:002187) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 12 Xihu Road, 11F, Guangzhou, Guangdong, CHN, 510030

Website

http://www.grandbuy.com.cn

Guangzhou Grandbuy Co Ltd operates department stores in China. The company has more than 30 stores, ranging from single department stores to department stores, shopping malls, supermarkets, electrical appliances, online shopping and other diversified developments.

Executives

Xian Jia Xiong

Director

Guangzhou Grandbuy Co (SZSE:002187) Headlines

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