Ganfeng Lithium Group Co (SZSE:002460) Days Payable : 111.14 (As of Dec. 2023)

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What is Ganfeng Lithium Group Co Days Payable?

Ganfeng Lithium Group Co's average Accounts Payable for the three months ended in Dec. 2023 was ¥8,755 Mil. Ganfeng Lithium Group Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥7,188 Mil. Hence, Ganfeng Lithium Group Co's Days Payable for the three months ended in Dec. 2023 was 111.14.

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

SZSE:002460' s Days Payable Range Over the Past 10 Years
Min: 57.27 Med: 103.95 Max: 121.59
Current: 106.78

During the past 13 years, Ganfeng Lithium Group Co's highest Days Payable was 121.59. The lowest was 57.27. And the median was 103.95.

SZSE:002460's Days Payable is ranked better than
78.87% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs SZSE:002460: 106.78

Ganfeng Lithium Group Co's Days Payable increased from Dec. 2022 (91.36) to Dec. 2023 (111.14). It may suggest that Ganfeng Lithium Group Co delayed paying its suppliers.

Ganfeng Lithium Group Co Days Payable Historical Data

The historical data trend for Ganfeng Lithium Group 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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Ganfeng Lithium Group Co Days Payable Chart

Ganfeng Lithium Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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105.58

104.52

119.51

111.86

121.59

Ganfeng Lithium Group Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															91.36	125.76	78.80	103.81	111.14

Competitive Comparison of Ganfeng Lithium Group Co's Days Payable

For the Chemicals subindustry, Ganfeng Lithium Group 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.

Ganfeng Lithium Group Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ganfeng Lithium Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ganfeng Lithium Group Co's Days Payable falls into.

Ganfeng Lithium Group 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.

Ganfeng Lithium Group 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
=	( (9987.766	+	8932.078)	/	2 )	/	28396.867	*	365
=	9459.922					/	28396.867	*	365
=	121.59

Ganfeng Lithium Group Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (8577.937	+	8932.078)	/	2 )	/	7188.408	*	365 / 4
=	8755.0075					/	7188.408	*	365 / 4
=	111.14

Ganfeng Lithium Group Co Days Payable Related Terms

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Ganfeng Lithium Group Co (SZSE:002460) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ganfeng Lithium Group Co Ltd (SZSE:002460) » Definitions » Days Payable

Traded in Other Exchanges

GNENY:USA GNENF:USA 01772:Hong Kong 39EA:Germany

Address

248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wanchai, Hong Kong, HKG

Website

http://www.ganfenglithium.com

Founded in 2000, Ganfeng is the world's third largest and China's largest lithium compounds producer and the world's largest lithium metals producer in terms of production capacity. The company offers five major categories of more than 40 lithium compounds and metals products, which is one of the most comprehensive product offerings among the suppliers globally. Starting as a midstream manufacturer of lithium compounds and lithium metals, Ganfeng has successfully expanded into a vertically integrated business model with operations along the critical stages of the industry value chain, including upstream lithium extraction, midstream lithium compounds and metals processing, and downstream lithium battery production and recycling.

Ganfeng Lithium Group Co (SZSE:002460) Headlines

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