Guangzhou Tech-Long Packing Machine Co (SZSE:002209) Days Payable : 323.94 (As of Mar. 2024)

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What is Guangzhou Tech-Long Packing Machine Co Days Payable?

Guangzhou Tech-Long Packing Machine Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥582 Mil. Guangzhou Tech-Long Packing Machine Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥164 Mil. Hence, Guangzhou Tech-Long Packing Machine Co's Days Payable for the three months ended in Mar. 2024 was 323.94.

The historical rank and industry rank for Guangzhou Tech-Long Packing Machine Co's Days Payable or its related term are showing as below:

SZSE:002209' s Days Payable Range Over the Past 10 Years
Min: 159.65 Med: 207.23 Max: 251.2
Current: 180.04

During the past 13 years, Guangzhou Tech-Long Packing Machine Co's highest Days Payable was 251.20. The lowest was 159.65. And the median was 207.23.

SZSE:002209's Days Payable is ranked better than
83.31% of 2936 companies
in the Industrial Products industry
Industry Median: 76.415 vs SZSE:002209: 180.04

Guangzhou Tech-Long Packing Machine Co's Days Payable declined from Mar. 2023 (429.89) to Mar. 2024 (323.94). It may suggest that Guangzhou Tech-Long Packing Machine Co accelerated paying its suppliers.

Guangzhou Tech-Long Packing Machine Co Days Payable Historical Data

The historical data trend for Guangzhou Tech-Long Packing Machine 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 Tech-Long Packing Machine Co Days Payable Chart

Guangzhou Tech-Long Packing Machine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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251.20

159.65

162.35

190.20

196.87

Guangzhou Tech-Long Packing Machine 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															429.89	140.16	153.12	171.72	323.94

Competitive Comparison of Guangzhou Tech-Long Packing Machine Co's Days Payable

For the Specialty Industrial Machinery subindustry, Guangzhou Tech-Long Packing Machine 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 Tech-Long Packing Machine Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Guangzhou Tech-Long Packing Machine Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Guangzhou Tech-Long Packing Machine Co's Days Payable falls into.

Guangzhou Tech-Long Packing Machine 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 Tech-Long Packing Machine 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
=	( (458.236	+	593.568)	/	2 )	/	975.029	*	365
=	525.902					/	975.029	*	365
=	196.87

Guangzhou Tech-Long Packing Machine 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
=	( (593.568	+	571.262)	/	2 )	/	164.057	*	365 / 4
=	582.415					/	164.057	*	365 / 4
=	323.94

Guangzhou Tech-Long Packing Machine Co Days Payable Related Terms

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Guangzhou Tech-Long Packing Machine Co (SZSE:002209) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangzhou Tech-Long Packing Machine Co Ltd (SZSE:002209) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 23, Yunpu 1 Road, Huangpu District, Guangzhou, CHN, 510530

Website

http://www.tech-long.com

Guangzhou Tech-long Packing Machine Co. Ltd is a provider of turnkey solutions for global liquid product manufacturers. The company mainly provides equipment for the liquid packaging industry. Its products offer water treatment solutions, beverage pre-treatment systems, and others. The product portfolio includes water treatment system, blow molding machines, filling machine, large container filling machine, packaging machine, conveying machine and others.

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