Guangzhou Risong Intelligent Technology Holding Co (SHSE:688090) Days Payable : 219.12 (As of Mar. 2024)

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What is Guangzhou Risong Intelligent Technology Holding Co Days Payable?

Guangzhou Risong Intelligent Technology Holding Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥314.1 Mil. Guangzhou Risong Intelligent Technology Holding Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥130.8 Mil. Hence, Guangzhou Risong Intelligent Technology Holding Co's Days Payable for the three months ended in Mar. 2024 was 219.12.

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

SHSE:688090' s Days Payable Range Over the Past 10 Years
Min: 135.2 Med: 165.39 Max: 207.78
Current: 157.21

During the past 8 years, Guangzhou Risong Intelligent Technology Holding Co's highest Days Payable was 207.78. The lowest was 135.20. And the median was 165.39.

SHSE:688090's Days Payable is ranked better than
78.91% of 2925 companies
in the Industrial Products industry
Industry Median: 76.67 vs SHSE:688090: 157.21

Guangzhou Risong Intelligent Technology Holding Co's Days Payable increased from Mar. 2023 (178.81) to Mar. 2024 (219.12). It may suggest that Guangzhou Risong Intelligent Technology Holding Co delayed paying its suppliers.

Guangzhou Risong Intelligent Technology Holding Co Days Payable Historical Data

The historical data trend for Guangzhou Risong Intelligent Technology Holding 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 Risong Intelligent Technology Holding Co Days Payable Chart

Guangzhou Risong Intelligent Technology Holding Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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207.78

159.59

135.20

160.31

173.19

Guangzhou Risong Intelligent Technology Holding 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															178.81	193.35	172.64	97.62	219.12

Competitive Comparison of Guangzhou Risong Intelligent Technology Holding Co's Days Payable

For the Specialty Industrial Machinery subindustry, Guangzhou Risong Intelligent Technology Holding 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 Risong Intelligent Technology Holding Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Guangzhou Risong Intelligent Technology Holding Co's Days Payable distribution charts can be found below:

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

Guangzhou Risong Intelligent Technology Holding 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 Risong Intelligent Technology Holding 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
=	( (439.202	+	351.446)	/	2 )	/	833.151	*	365
=	395.324					/	833.151	*	365
=	173.19

Guangzhou Risong Intelligent Technology Holding 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
=	( (351.446	+	276.765)	/	2 )	/	130.807	*	365 / 4
=	314.1055					/	130.807	*	365 / 4
=	219.12

Guangzhou Risong Intelligent Technology Holding Co Days Payable Related Terms

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Guangzhou Risong Intelligent Technology Holding Co (SHSE:688090) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangzhou Risong Intelligent Technology Holding Co Ltd (SHSE:688090) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.188 Ruixiang Road, Huangpu District, Guangdong Province, Guangzhou, CHN, 510535

Website

http://www.risongtc.com

Guangzhou Risong Intelligent Technology Holding Co Ltd is engaged in research and development, manufacturing, application, sales and service in the field of robotics and intelligent manufacturing. The company manufactures industrial robots; industrial automatic control system devices; special equipment for the electronics industry; special equipment for environmental protection; special equipment for electrical machinery; metal structures; metal cutting and welding equipment.

Executives

Luo Yuan	Supervisors
Zheng De Lun	senior management
Chen Ya Yi	senior management
Yan Xue Tao	Director
Tang Guo Bao	Core technical personnel
Liu Er Bin	Directors, senior managers

Guangzhou Risong Intelligent Technology Holding Co (SHSE:688090) Headlines

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