Guangzhou Lingwe Technology Co (SZSE:301373) Days Payable : 136.86 (As of Mar. 2024)

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What is Guangzhou Lingwe Technology Co Days Payable?

Guangzhou Lingwe Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥79.9 Mil. Guangzhou Lingwe Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥53.3 Mil. Hence, Guangzhou Lingwe Technology Co's Days Payable for the three months ended in Mar. 2024 was 136.86.

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

SZSE:301373' s Days Payable Range Over the Past 10 Years
Min: 45.82 Med: 67.3 Max: 95.37
Current: 93.47

During the past 7 years, Guangzhou Lingwe Technology Co's highest Days Payable was 95.37. The lowest was 45.82. And the median was 67.30.

SZSE:301373's Days Payable is ranked better than
72.75% of 1501 companies
in the Chemicals industry
Industry Median: 60.59 vs SZSE:301373: 93.47

Guangzhou Lingwe Technology Co's Days Payable increased from Mar. 2023 (84.11) to Mar. 2024 (136.86). It may suggest that Guangzhou Lingwe Technology Co delayed paying its suppliers.

Guangzhou Lingwe Technology Co Days Payable Historical Data

The historical data trend for Guangzhou Lingwe Technology 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 Lingwe Technology Co Days Payable Chart

Guangzhou Lingwe Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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60.69

49.95

45.82

68.65

95.37

Guangzhou Lingwe Technology Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial														84.11	78.63	72.19	108.22	136.86

Competitive Comparison of Guangzhou Lingwe Technology Co's Days Payable

For the Chemicals subindustry, Guangzhou Lingwe Technology 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 Lingwe Technology Co's Days Payable Distribution in the Chemicals Industry

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

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

Guangzhou Lingwe Technology 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 Lingwe Technology 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
=	( (54.196	+	89.201)	/	2 )	/	274.396	*	365
=	71.6985					/	274.396	*	365
=	95.37

Guangzhou Lingwe Technology 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
=	( (89.201	+	70.582)	/	2 )	/	53.266	*	365 / 4
=	79.8915					/	53.266	*	365 / 4
=	136.86

Guangzhou Lingwe Technology Co Days Payable Related Terms

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Guangzhou Lingwe Technology Co (SZSE:301373) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangzhou Lingwe Technology Co Ltd (SZSE:301373) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 555, Panyu Avenue North, Room 701-702, Tian'an Science and Technology Exchange Center, Panyu Energy Conservation Technology Park, Panyu District, Guangdong Province, Guangzhou, CHN, 511493

Website

http://www.lingwe.com

Guangzhou Lingwe Technology Co Ltd is engaged in the rResearch and development, production and sales of nano-silica new materials.

Guangzhou Lingwe Technology Co (SZSE:301373) Headlines

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