Doctorglasses Chain Co (SZSE:300622) Days Payable : 53.52 (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Doctorglasses Chain Co Days Payable?

Doctorglasses Chain Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥71 Mil. Doctorglasses Chain Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥121 Mil. Hence, Doctorglasses Chain Co's Days Payable for the three months ended in Mar. 2024 was 53.52.

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

SZSE:300622' s Days Payable Range Over the Past 10 Years
Min: 38.01 Med: 77.05 Max: 92.87
Current: 63.14

During the past 12 years, Doctorglasses Chain Co's highest Days Payable was 92.87. The lowest was 38.01. And the median was 77.05.

SZSE:300622's Days Payable is ranked better than
55.13% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 56.64 vs SZSE:300622: 63.14

Doctorglasses Chain Co's Days Payable increased from Mar. 2023 (40.21) to Mar. 2024 (53.52). It may suggest that Doctorglasses Chain Co delayed paying its suppliers.

Doctorglasses Chain Co Days Payable Historical Data

The historical data trend for Doctorglasses Chain 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.

Doctorglasses Chain Co Days Payable Chart

Doctorglasses Chain Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

69.78

77.84

55.21

43.38

38.01

Doctorglasses Chain 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															40.21	58.87	61.81	77.76	53.52

Competitive Comparison of Doctorglasses Chain Co's Days Payable

For the Specialty Retail subindustry, Doctorglasses Chain 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.

Doctorglasses Chain Co's Days Payable Distribution in the Retail - Cyclical Industry

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

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

Doctorglasses Chain 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.

Doctorglasses Chain 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
=	( (43.819	+	46.622)	/	2 )	/	434.226	*	365
=	45.2205					/	434.226	*	365
=	38.01

Doctorglasses Chain 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
=	( (46.622	+	95.827)	/	2 )	/	121.434	*	365 / 4
=	71.2245					/	121.434	*	365 / 4
=	53.52

Doctorglasses Chain Co Days Payable Related Terms

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

Doctorglasses Chain Co (SZSE:300622) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Doctorglasses Chain Co Ltd (SZSE:300622) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4028 Jintian Road, 2nd Floor, Rongchao Economic and Trade Center, Futian District, Shenzhen, CHN, 518038

Website

http://www.doctorglasses.com.cn

Doctorglasses Chain Co Ltd operates as a retail chain company which is engaged in the eyeglasses business in China. The company offers glasses under the President optical and doctor glasses Zele brand name. It offers reading glasses, sunglasses, frames and lenses, contact lenses, contact lens liquid solution and others.

Executives

Liu Zhi Ming	Directors, executives
Zheng Qing Qiu	Executives
He Qing Bai	Executives
	Director
Liu Kai Yue	Directors, executives
Xiong Dan	Securities Affairs Representative

Doctorglasses Chain Co (SZSE:300622) Headlines

No Headlines