BGRIMM Technology Co (SHSE:600980) Days Payable : 149.85 (As of Mar. 2024)

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What is BGRIMM Technology Co Days Payable?

BGRIMM Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥240.2 Mil. BGRIMM Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥146.2 Mil. Hence, BGRIMM Technology Co's Days Payable for the three months ended in Mar. 2024 was 149.85.

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

SHSE:600980' s Days Payable Range Over the Past 10 Years
Min: 56.4 Med: 81.05 Max: 154.82
Current: 94.07

During the past 13 years, BGRIMM Technology Co's highest Days Payable was 154.82. The lowest was 56.40. And the median was 81.05.

SHSE:600980's Days Payable is ranked worse than
55.4% of 1065 companies
in the Metals & Mining industry
Industry Median: 128.84 vs SHSE:600980: 94.07

BGRIMM Technology Co's Days Payable increased from Mar. 2023 (89.76) to Mar. 2024 (149.85). It may suggest that BGRIMM Technology Co delayed paying its suppliers.

BGRIMM Technology Co Days Payable Historical Data

The historical data trend for BGRIMM 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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BGRIMM Technology Co Days Payable Chart

BGRIMM Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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57.82

56.40

60.07

82.95

111.40

BGRIMM 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															89.76	75.86	94.15	99.08	149.85

Competitive Comparison of BGRIMM Technology Co's Days Payable

For the Other Industrial Metals & Mining subindustry, BGRIMM 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.

BGRIMM Technology Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, BGRIMM Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where BGRIMM Technology Co's Days Payable falls into.

BGRIMM 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.

BGRIMM 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
=	( (161.535	+	257.336)	/	2 )	/	686.217	*	365
=	209.4355					/	686.217	*	365
=	111.40

BGRIMM 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
=	( (257.336	+	222.994)	/	2 )	/	146.248	*	365 / 4
=	240.165					/	146.248	*	365 / 4
=	149.85

BGRIMM Technology Co Days Payable Related Terms

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BGRIMM Technology Co (SHSE:600980) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » BGRIMM Technology Co Ltd (SHSE:600980) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 188, South Fourth Ring Road West, 4th Floor, Building 23, Area 18, Fengtai District, Beijing, CHN, 100160

Website

http://www.magmat.com

BGRIMM Technology Co Ltd, formerly BGRIMM Magnetic Materials & Technology Co Ltd is a China-based company. Its business activities are divided into mining equipment and magnetic materials division. Mining equipment division is engaged in research and development, production, and supporting technical consulting services for mining equipment. Its business scope includes flotation equipment, magnetic separation equipment, ore dressing auxiliary equipment, leaching tanks and other mining and smelting products. Magnetic materials division is engaged in the research and development, production, sales and comprehensive services of magnetic materials and devices. Magnetic material products include sintering permanent magnet ferrite, injection magnetic, and magnetic information recording material.

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