Grinm Advanced Materials Co (SHSE:600206) Days Payable : 19.41 (As of Mar. 2024)

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What is Grinm Advanced Materials Co Days Payable?

Grinm Advanced Materials Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥459 Mil. Grinm Advanced Materials Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,157 Mil. Hence, Grinm Advanced Materials Co's Days Payable for the three months ended in Mar. 2024 was 19.41.

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

SHSE:600206' s Days Payable Range Over the Past 10 Years
Min: 2.14 Med: 4.66 Max: 17.11
Current: 17.11

During the past 13 years, Grinm Advanced Materials Co's highest Days Payable was 17.11. The lowest was 2.14. And the median was 4.66.

SHSE:600206's Days Payable is ranked worse than
92.95% of 964 companies
in the Semiconductors industry
Industry Median: 51.69 vs SHSE:600206: 17.11

Grinm Advanced Materials Co's Days Payable increased from Mar. 2023 (12.08) to Mar. 2024 (19.41). It may suggest that Grinm Advanced Materials Co delayed paying its suppliers.

Grinm Advanced Materials Co Days Payable Historical Data

The historical data trend for Grinm Advanced Materials 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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Grinm Advanced Materials Co Days Payable Chart

Grinm Advanced Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

2.38

2.29

4.98

8.45

14.29

Grinm Advanced Materials 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															12.08	14.68	16.33	18.35	19.41

Competitive Comparison of Grinm Advanced Materials Co's Days Payable

For the Semiconductor Equipment & Materials subindustry, Grinm Advanced Materials 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.

Grinm Advanced Materials Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Grinm Advanced Materials Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Grinm Advanced Materials Co's Days Payable falls into.

Grinm Advanced Materials 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.

Grinm Advanced Materials 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
=	( (349.969	+	442.282)	/	2 )	/	10119.89	*	365
=	396.1255					/	10119.89	*	365
=	14.29

Grinm Advanced Materials 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
=	( (442.282	+	475.387)	/	2 )	/	2156.775	*	365 / 4
=	458.8345					/	2156.775	*	365 / 4
=	19.41

Grinm Advanced Materials Co Days Payable Related Terms

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Grinm Advanced Materials Co (SHSE:600206) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Grinm Advanced Materials Co Ltd (SHSE:600206) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.43, North Third Ring Road, Haidian District, Beijing, CHN, 100088

Website

http://www.gritek.com

Grinm Advanced Materials Co Ltd is engaged in the research, development, manufacture, and distribution of semiconductor materials. The semiconductors offered by the company are widely used in integrated circuits, discrete devices, solar cell and other fields. Its products are exported to the United States, Japan, Spain, South Korea, Taiwan, Hong Kong and other places.

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