GCL Technology Holdings (GCL Technology Holdings) Days Payable : 232.24 (As of Jun. 2023)

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What is GCL Technology Holdings Days Payable?

GCL Technology Holdings's average Accounts Payable for the six months ended in Jun. 2023 was $2,162 Mil. GCL Technology Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was $1,699 Mil. Hence, GCL Technology Holdings's Days Payable for the six months ended in Jun. 2023 was 232.24.

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

GCPEF' s Days Payable Range Over the Past 10 Years
Min: 113.29 Med: 197.05 Max: 287.81
Current: 253.04

During the past 13 years, GCL Technology Holdings's highest Days Payable was 287.81. The lowest was 113.29. And the median was 197.05.

GCPEF's Days Payable is ranked better than
93.35% of 962 companies
in the Semiconductors industry
Industry Median: 51.83 vs GCPEF: 253.04

GCL Technology Holdings's Days Payable increased from Jun. 2022 (207.68) to Jun. 2023 (232.24). It may suggest that GCL Technology Holdings delayed paying its suppliers.

GCL Technology Holdings Days Payable Historical Data

The historical data trend for GCL Technology Holdings'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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GCL Technology Holdings Days Payable Chart

GCL Technology Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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175.60

228.46

232.64

287.65

291.96

GCL Technology Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															233.48	207.68	244.40	232.24	236.70

Competitive Comparison of GCL Technology Holdings's Days Payable

For the Solar subindustry, GCL Technology Holdings'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.

GCL Technology Holdings's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, GCL Technology Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where GCL Technology Holdings's Days Payable falls into.

GCL Technology Holdings 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.

GCL Technology Holdings's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (1327.681	+	2840.172)	/	2 )	/	2644.257	*	365
=	2083.9265					/	2644.257	*	365
=	287.65

GCL Technology Holdings's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (2840.172	+	1484.177)	/	2 )	/	1699.105	*	365 / 2
=	2162.1745					/	1699.105	*	365 / 2
=	232.24

GCL Technology Holdings Days Payable Related Terms

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GCL Technology Holdings (GCL Technology Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » GCL Technology Holdings Ltd (OTCPK:GCPEF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

03800:Hong Kong 3GY:Germany

Address

1 Austin Road West, Unit 1703-1706, Level 17, International Commerce Centre, Kowloon, Hong Kong, HKG

Website

http://www.gcltech.com

GCL Technology Holdings Ltd is an investment holding company. It is principally engaged in the manufacturing and sales of polysilicon and wafers for the solar industry; and the sales of electricity, development, investment, management and operation of solar projects. The company operates in two reportable segments Solar material business which mainly manufactures and sales of polysilicon and wafer to companies operating in the solar industry, and the Solar farm business which manages and operates solar farms located in the USA and the PRC. The majority of revenue is derived from the Solar material business segment.

GCL Technology Holdings (GCL Technology Holdings) Headlines

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