Guangdong Electric Power Development Co (SZSE:000539) Days Payable : 44.04 (As of Mar. 2024)

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What is Guangdong Electric Power Development Co Days Payable?

Guangdong Electric Power Development Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥5,484 Mil. Guangdong Electric Power Development Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥11,362 Mil. Hence, Guangdong Electric Power Development Co's Days Payable for the three months ended in Mar. 2024 was 44.04.

The historical rank and industry rank for Guangdong Electric Power Development Co's Days Payable or its related term are showing as below:

SZSE:000539' s Days Payable Range Over the Past 10 Years
Min: 42.56 Med: 53.45 Max: 70.06
Current: 45

During the past 13 years, Guangdong Electric Power Development Co's highest Days Payable was 70.06. The lowest was 42.56. And the median was 53.45.

SZSE:000539's Days Payable is ranked worse than
67.18% of 390 companies
in the Utilities - Independent Power Producers industry
Industry Median: 78.315 vs SZSE:000539: 45.00

Guangdong Electric Power Development Co's Days Payable declined from Mar. 2023 (54.50) to Mar. 2024 (44.04). It may suggest that Guangdong Electric Power Development Co accelerated paying its suppliers.

Guangdong Electric Power Development Co Days Payable Historical Data

The historical data trend for Guangdong Electric Power Development 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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Guangdong Electric Power Development Co Days Payable Chart

Guangdong Electric Power Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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51.94

58.10

51.40

55.14

45.18

Guangdong Electric Power Development 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															54.50	48.45	44.28	41.67	44.04

Competitive Comparison of Guangdong Electric Power Development Co's Days Payable

For the Utilities - Renewable subindustry, Guangdong Electric Power Development 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.

Guangdong Electric Power Development Co's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Guangdong Electric Power Development Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Guangdong Electric Power Development Co's Days Payable falls into.

Guangdong Electric Power Development 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.

Guangdong Electric Power Development 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
=	( (7434.032	+	5185.036)	/	2 )	/	50970.998	*	365
=	6309.534					/	50970.998	*	365
=	45.18

Guangdong Electric Power Development 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
=	( (5185.036	+	5782.852)	/	2 )	/	11362.124	*	365 / 4
=	5483.944					/	11362.124	*	365 / 4
=	44.04

Guangdong Electric Power Development Co Days Payable Related Terms

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Guangdong Electric Power Development Co (SZSE:000539) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Guangdong Electric Power Development Co Ltd (SZSE:000539) » Definitions » Days Payable

Traded in Other Exchanges

200539:China

Address

No. 2 Tianhe Road East, 33rd-36th Floor, South Tower, Yudean Plaza, Guangdong Province, Guangzhou, CHN, 510630

Website

http://www.ged.com.cn

Guangdong Electric Power Development Co Ltd is a Chinese company which is engaged in the business of investment, construction, and management of electric power projects. It is also involved in the clean energy projects like LNG power generation, wind power generation and hydropower generation. The company focuses on coal-burning power generation through the development, construction, and operation of the large-scale coal-burning power generating plants. It earns its revenue primarily from power production and sales. Most of its revenue is generated from Guangdong Province, China.

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