Guangdong LingXiao Pump Industry Co (SZSE:002884) Days Payable : 26.61 (As of Mar. 2024)

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What is Guangdong LingXiao Pump Industry Co Days Payable?

Guangdong LingXiao Pump Industry Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥60 Mil. Guangdong LingXiao Pump Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥206 Mil. Hence, Guangdong LingXiao Pump Industry Co's Days Payable for the three months ended in Mar. 2024 was 26.61.

The historical rank and industry rank for Guangdong LingXiao Pump Industry Co's Days Payable or its related term are showing as below:

SZSE:002884' s Days Payable Range Over the Past 10 Years
Min: 21.85 Med: 26.66 Max: 31.03
Current: 21.85

During the past 12 years, Guangdong LingXiao Pump Industry Co's highest Days Payable was 31.03. The lowest was 21.85. And the median was 26.66.

SZSE:002884's Days Payable is ranked worse than
94% of 2933 companies
in the Industrial Products industry
Industry Median: 76.43 vs SZSE:002884: 21.85

Guangdong LingXiao Pump Industry Co's Days Payable declined from Mar. 2023 (26.99) to Mar. 2024 (26.61). It may suggest that Guangdong LingXiao Pump Industry Co accelerated paying its suppliers.

Guangdong LingXiao Pump Industry Co Days Payable Historical Data

The historical data trend for Guangdong LingXiao Pump Industry 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.

* Premium members only.

Guangdong LingXiao Pump Industry Co Days Payable Chart

Guangdong LingXiao Pump Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

27.31

31.03

22.71

23.72

22.83

Guangdong LingXiao Pump Industry 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															26.99	20.54	18.50	18.91	26.61

Competitive Comparison of Guangdong LingXiao Pump Industry Co's Days Payable

For the Specialty Industrial Machinery subindustry, Guangdong LingXiao Pump Industry 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 LingXiao Pump Industry Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Guangdong LingXiao Pump Industry Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Guangdong LingXiao Pump Industry Co's Days Payable falls into.

Guangdong LingXiao Pump Industry 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 LingXiao Pump Industry 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
=	( (47.995	+	54.206)	/	2 )	/	816.867	*	365
=	51.1005					/	816.867	*	365
=	22.83

Guangdong LingXiao Pump Industry 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
=	( (54.206	+	66.16)	/	2 )	/	206.358	*	365 / 4
=	60.183					/	206.358	*	365 / 4
=	26.61

Guangdong LingXiao Pump Industry Co Days Payable Related Terms

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Guangdong LingXiao Pump Industry Co (SZSE:002884) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangdong LingXiao Pump Industry Co Ltd (SZSE:002884) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Spring Road, No. 117, Spring Town, Guangdong Province, Yangchun City, CHN, 529600

Website

http://www.lingxiao.com.cn

Guangdong LingXiao Pump Industry Co Ltd is a manufacturer of small household electric pump and industry support electric pump in China. The product range comprises hydromassage pump, swimming pool pump, SPA pump, stainless centrifugal pump, clean water pump, submersible pump, industry in-line pump, and variable frequency constant pressure water supply equipment. The company also exports its products to over 100 countries or regions worldwide.

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