Gree Electric Appliances of Zhuhai (SZSE:000651) Days Payable

: 162.86 (As of Sep. 2023)

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Gree Electric Appliances of Zhuhai's average Accounts Payable for the three months ended in Sep. 2023 was ¥69,578 Mil. Gree Electric Appliances of Zhuhai's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥38,985 Mil. Hence, Gree Electric Appliances of Zhuhai's Days Payable for the three months ended in Sep. 2023 was 162.86.

The historical rank and industry rank for Gree Electric Appliances of Zhuhai's Days Payable or its related term are showing as below:

SZSE:000651' s Days Payable Range Over the Past 10 Years
Min: 124.25 Med: 158.77 Max: 193.22
Current: 183.62

During the past 13 years, Gree Electric Appliances of Zhuhai's highest Days Payable was 193.22. The lowest was 124.25. And the median was 158.77.

SZSE:000651's Days Payable is ranked better than
94.09% of 406 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 66.76 vs SZSE:000651: 183.62

Gree Electric Appliances of Zhuhai's Days Payable declined from Sep. 2022 (184.72) to Sep. 2023 (162.86). It may suggest that Gree Electric Appliances of Zhuhai accelerated paying its suppliers.

Gree Electric Appliances of Zhuhai Days Payable Historical Data

The historical data trend for Gree Electric Appliances of Zhuhai'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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Gree Electric Appliances of Zhuhai Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

124.25

148.38

175.82

165.72

193.22

Gree Electric Appliances of Zhuhai 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															184.72	221.33	245.34	137.95	162.86

Competitive Comparison

For the Furnishings, Fixtures & Appliances subindustry, Gree Electric Appliances of Zhuhai'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.

Gree Electric Appliances of Zhuhai Days Payable Distribution

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Gree Electric Appliances of Zhuhai's Days Payable distribution charts can be found below:

* The bar in red indicates where Gree Electric Appliances of Zhuhai's Days Payable falls into.

Gree Electric Appliances of Zhuhai 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.

Gree Electric Appliances of Zhuhai'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
=	( (76619.075	+	71465.972)	/	2 )	/	139866.93	*	365
=	74042.5235					/	139866.93	*	365
=	193.22

Gree Electric Appliances of Zhuhai'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
=	( (69266.175	+	69890.546)	/	2 )	/	38984.698	*	365 / 4
=	69578.3605					/	38984.698	*	365 / 4
=	162.86

Gree Electric Appliances of Zhuhai Days Payable Related Terms

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Gree Electric Appliances of Zhuhai (SZSE:000651) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Gree Electric Appliances Inc of Zhuhai (SZSE:000651) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jinji West Road, Qianshan, Guangdong Province, Zhuhai, CHN, 519070

Website

http://www.gree.com.cn

Gree Electric Appliances Inc of Zhuhai is an international air conditioning enterprise. The company is engaged in household electrical appliances business including production and sale of air conditioners and its accessories, and small home appliances. It exports and imports goods and technologies; manufacturing and distribution of pumps, valves, compressors, fan motors, packaging equipment and other general-purpose equipment, electric motors, equipment for power transmission and distribution and control equipment.

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