Guangdong Create Century Intelligent Equipment Group (SZSE:300083) Days Payable : 260.42 (As of Mar. 2024)

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What is Guangdong Create Century Intelligent Equipment Group Days Payable?

Guangdong Create Century Intelligent Equipment Group's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,848 Mil. Guangdong Create Century Intelligent Equipment Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥648 Mil. Hence, Guangdong Create Century Intelligent Equipment Group's Days Payable for the three months ended in Mar. 2024 was 260.42.

The historical rank and industry rank for Guangdong Create Century Intelligent Equipment Group's Days Payable or its related term are showing as below:

SZSE:300083' s Days Payable Range Over the Past 10 Years
Min: 148.14 Med: 223.56 Max: 315.05
Current: 251.27

During the past 13 years, Guangdong Create Century Intelligent Equipment Group's highest Days Payable was 315.05. The lowest was 148.14. And the median was 223.56.

SZSE:300083's Days Payable is ranked better than
92.35% of 2930 companies
in the Industrial Products industry
Industry Median: 76.275 vs SZSE:300083: 251.27

Guangdong Create Century Intelligent Equipment Group's Days Payable increased from Mar. 2023 (182.09) to Mar. 2024 (260.42). It may suggest that Guangdong Create Century Intelligent Equipment Group delayed paying its suppliers.

Guangdong Create Century Intelligent Equipment Group Days Payable Historical Data

The historical data trend for Guangdong Create Century Intelligent Equipment Group'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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Guangdong Create Century Intelligent Equipment Group Days Payable Chart

Guangdong Create Century Intelligent Equipment Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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197.80

315.05

249.77

232.68

243.78

Guangdong Create Century Intelligent Equipment Group 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															182.09	213.09	264.13	274.70	260.42

Competitive Comparison of Guangdong Create Century Intelligent Equipment Group's Days Payable

For the Specialty Industrial Machinery subindustry, Guangdong Create Century Intelligent Equipment Group'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 Create Century Intelligent Equipment Group's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Guangdong Create Century Intelligent Equipment Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Guangdong Create Century Intelligent Equipment Group's Days Payable falls into.

Guangdong Create Century Intelligent Equipment Group 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 Create Century Intelligent Equipment Group'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
=	( (1817.25	+	1800.759)	/	2 )	/	2708.509	*	365
=	1809.0045					/	2708.509	*	365
=	243.78

Guangdong Create Century Intelligent Equipment Group'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
=	( (1800.759	+	1895.881)	/	2 )	/	647.654	*	365 / 4
=	1848.32					/	647.654	*	365 / 4
=	260.42

Guangdong Create Century Intelligent Equipment Group Days Payable Related Terms

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Guangdong Create Century Intelligent Equipment Group (SZSE:300083) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangdong Create Century Intelligent Equipment Group Corp Ltd (SZSE:300083) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Weifeng Road, Jinsheng Intelligent Manufacturing Industrial Park, Administrative Office Building, Dongcheng District, Guangdong Province, Dongguan, CHN, 523007

Website

http://www.januscn.com

Guangdong Create Century Intelligent Equipment Corp Ltd is engaged in research and development, production, sales and service of high-end intelligent equipment, with a complete range of CNC machine tools, including drilling and tapping machines, vertical machining centers, horizontal machining centers, gantry machining centers, CNC lathes, engraving and milling machines, and glass Series of precision processing equipment such as precision engraving machines, high-light machines, laser cutting machines. It is widely used in the processing of core components in the 5G industry chain, 3C consumer electronics, machinery manufacturing, medical equipment, new energy vehicles, auto parts, construction machinery and other fields.

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