Guangdong Dowstone Technology co (SZSE:300409) Days Payable : 67.89 (As of Mar. 2024)

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What is Guangdong Dowstone Technology co Days Payable?

Guangdong Dowstone Technology co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,270 Mil. Guangdong Dowstone Technology co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,708 Mil. Hence, Guangdong Dowstone Technology co's Days Payable for the three months ended in Mar. 2024 was 67.89.

The historical rank and industry rank for Guangdong Dowstone Technology co's Days Payable or its related term are showing as below:

SZSE:300409' s Days Payable Range Over the Past 10 Years
Min: 56.77 Med: 97.75 Max: 174.77
Current: 85.67

During the past 13 years, Guangdong Dowstone Technology co's highest Days Payable was 174.77. The lowest was 56.77. And the median was 97.75.

SZSE:300409's Days Payable is ranked better than
69.15% of 1501 companies
in the Chemicals industry
Industry Median: 60.47 vs SZSE:300409: 85.67

Guangdong Dowstone Technology co's Days Payable declined from Mar. 2023 (103.80) to Mar. 2024 (67.89). It may suggest that Guangdong Dowstone Technology co accelerated paying its suppliers.

Guangdong Dowstone Technology co Days Payable Historical Data

The historical data trend for Guangdong Dowstone Technology 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 Dowstone Technology co Days Payable Chart

Guangdong Dowstone Technology co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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90.68

69.62

56.77

75.32

76.77

Guangdong Dowstone Technology 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															103.80	99.43	95.97	82.26	67.89

Competitive Comparison of Guangdong Dowstone Technology co's Days Payable

For the Specialty Chemicals subindustry, Guangdong Dowstone Technology 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 Dowstone Technology co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Guangdong Dowstone Technology co's Days Payable distribution charts can be found below:

* The bar in red indicates where Guangdong Dowstone Technology co's Days Payable falls into.

Guangdong Dowstone Technology 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 Dowstone Technology 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
=	( (1424.882	+	1153.8)	/	2 )	/	6130.311	*	365
=	1289.341					/	6130.311	*	365
=	76.77

Guangdong Dowstone Technology 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
=	( (1153.8	+	1386.989)	/	2 )	/	1707.598	*	365 / 4
=	1270.3945					/	1707.598	*	365 / 4
=	67.89

Guangdong Dowstone Technology co Days Payable Related Terms

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Guangdong Dowstone Technology co (SZSE:300409) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Dowstone Technology co Ltd (SZSE:300409) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd Floor, 30 world Jihua, Four Italian American Ceramic Sanitary Ware, Foshan, Guangdong, CHN

Website

http://www.dowstone.com.cn

Guangdong Dowstone Technology co Ltd is a domestic ceramic product full-service chain product and service provider. The company also provides package product solutions and raw material procurement management services for high-end ceramics manufacturers at home and abroad. Its product offerings include Ceramic ink, Enamel glaze, One-time burning, Full caste Glaze, and others. The company's solutions consist of Digital overall solution, Finished glaze overall solution, Dry powder dry granule overall solution, Total solution service process, and other solutions.

Executives

Rong Ji Hua	Director
Zhang Yi	Directors, executives
Wang Hai Qing	Director
Liang Hai Yan	Director
He Xiang Yong	Executives

Guangdong Dowstone Technology co (SZSE:300409) Headlines

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