Gifore Agricultural Science & Technology Service Co (SZSE:300022) Days Payable : 87.55 (As of Mar. 2024)

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What is Gifore Agricultural Science & Technology Service Co Days Payable?

Gifore Agricultural Science & Technology Service Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥530 Mil. Gifore Agricultural Science & Technology Service Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥552 Mil. Hence, Gifore Agricultural Science & Technology Service Co's Days Payable for the three months ended in Mar. 2024 was 87.55.

The historical rank and industry rank for Gifore Agricultural Science & Technology Service Co's Days Payable or its related term are showing as below:

SZSE:300022' s Days Payable Range Over the Past 10 Years
Min: 61.34 Med: 103.87 Max: 153.53
Current: 86.84

During the past 13 years, Gifore Agricultural Science & Technology Service Co's highest Days Payable was 153.53. The lowest was 61.34. And the median was 103.87.

SZSE:300022's Days Payable is ranked better than
58.74% of 206 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 71.475 vs SZSE:300022: 86.84

Gifore Agricultural Science & Technology Service Co's Days Payable declined from Mar. 2023 (96.67) to Mar. 2024 (87.55). It may suggest that Gifore Agricultural Science & Technology Service Co accelerated paying its suppliers.

Gifore Agricultural Science & Technology Service Co Days Payable Historical Data

The historical data trend for Gifore Agricultural Science & Technology Service 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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Gifore Agricultural Science & Technology Service Co Days Payable Chart

Gifore Agricultural Science & Technology Service Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

119.70

103.37

94.00

61.57

61.34

Gifore Agricultural Science & Technology Service 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															96.67	80.35	80.18	102.30	87.55

Competitive Comparison of Gifore Agricultural Science & Technology Service Co's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Gifore Agricultural Science & Technology Service 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.

Gifore Agricultural Science & Technology Service Co's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Gifore Agricultural Science & Technology Service Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Gifore Agricultural Science & Technology Service Co's Days Payable falls into.

Gifore Agricultural Science & Technology Service 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.

Gifore Agricultural Science & Technology Service 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
=	( (335.25	+	414.768)	/	2 )	/	2231.56	*	365
=	375.009					/	2231.56	*	365
=	61.34

Gifore Agricultural Science & Technology Service 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
=	( (414.768	+	644.979)	/	2 )	/	552.271	*	365 / 4
=	529.8735					/	552.271	*	365 / 4
=	87.55

Gifore Agricultural Science & Technology Service Co Days Payable Related Terms

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Gifore Agricultural Science & Technology Service Co (SZSE:300022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Gifore Agricultural Science & Technology Service Co (SZSE:300022) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.219, Gangtong North 2nd Road, Chengdu Modern Industrial Port, Sichuan, Chengdu, CHN, 611743

Website

http://www.gifore.com

Gifore Agricultural Machinery Chain Co Ltd operates in the agricultural machinery circulation industry. The business of the company includes sales and service of equipment, agricultural light trucks, and rural general mechanical and electrical.

Gifore Agricultural Science & Technology Service Co (SZSE:300022) Headlines

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