Jiangxi Guoguang Commercial Chains Co (SHSE:605188) Days Payable : 51.25 (As of Sep. 2023)

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What is Jiangxi Guoguang Commercial Chains Co Days Payable?

Jiangxi Guoguang Commercial Chains Co's average Accounts Payable for the three months ended in Sep. 2023 was ¥259 Mil. Jiangxi Guoguang Commercial Chains Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥461 Mil. Hence, Jiangxi Guoguang Commercial Chains Co's Days Payable for the three months ended in Sep. 2023 was 51.25.

The historical rank and industry rank for Jiangxi Guoguang Commercial Chains Co's Days Payable or its related term are showing as below:

SHSE:605188' s Days Payable Range Over the Past 10 Years
Min: 57.23 Med: 66.51 Max: 73.87
Current: 57.23

During the past 7 years, Jiangxi Guoguang Commercial Chains Co's highest Days Payable was 73.87. The lowest was 57.23. And the median was 66.51.

SHSE:605188's Days Payable is ranked better than
50.19% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.94 vs SHSE:605188: 57.23

Jiangxi Guoguang Commercial Chains Co's Days Payable declined from Sep. 2022 (56.42) to Sep. 2023 (51.25). It may suggest that Jiangxi Guoguang Commercial Chains Co accelerated paying its suppliers.

Jiangxi Guoguang Commercial Chains Co Days Payable Historical Data

The historical data trend for Jiangxi Guoguang Commercial Chains 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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Jiangxi Guoguang Commercial Chains Co Days Payable Chart

Jiangxi Guoguang Commercial Chains Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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67.54

66.10

73.87

68.68

61.73

Jiangxi Guoguang Commercial Chains Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															56.42	67.73	51.36	57.49	51.25

Competitive Comparison of Jiangxi Guoguang Commercial Chains Co's Days Payable

For the Department Stores subindustry, Jiangxi Guoguang Commercial Chains 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.

Jiangxi Guoguang Commercial Chains Co's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Jiangxi Guoguang Commercial Chains Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangxi Guoguang Commercial Chains Co's Days Payable falls into.

Jiangxi Guoguang Commercial Chains 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.

Jiangxi Guoguang Commercial Chains Co'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
=	( (277.335	+	288.557)	/	2 )	/	1673.093	*	365
=	282.946					/	1673.093	*	365
=	61.73

Jiangxi Guoguang Commercial Chains Co's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (241.95	+	275.824)	/	2 )	/	460.928	*	365 / 4
=	258.887					/	460.928	*	365 / 4
=	51.25

Jiangxi Guoguang Commercial Chains Co Days Payable Related Terms

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Jiangxi Guoguang Commercial Chains Co (SHSE:605188) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Jiangxi Guoguang Commercial Chains Co Ltd (SHSE:605188) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 8, Wentianxiang Avenue, Qingyuan District, Jiangxi Province, Ji'an, CHN, 343000

Website

http://www.jxggls.com

Jiangxi Guoguang Commercial Chains Co Ltd is engaged in the operation of chain supermarkets and department stores. The company has more than 50 stores in Jiangxi.

Jiangxi Guoguang Commercial Chains Co (SHSE:605188) Headlines

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