Jiangxi Geto New Materials (SZSE:300986) Days Payable

: 162.81 (As of Sep. 2023)

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Jiangxi Geto New Materials's average Accounts Payable for the three months ended in Sep. 2023 was ¥827 Mil. Jiangxi Geto New Materials's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥463 Mil. Hence, Jiangxi Geto New Materials's Days Payable for the three months ended in Sep. 2023 was 162.81.

The historical rank and industry rank for Jiangxi Geto New Materials's Days Payable or its related term are showing as below:

SZSE:300986' s Days Payable Range Over the Past 10 Years
Min: 126.91 Med: 180.58 Max: 247.59
Current: 160.23

During the past 7 years, Jiangxi Geto New Materials's highest Days Payable was 247.59. The lowest was 126.91. And the median was 180.58.

SZSE:300986's Days Payable is ranked better than
78.34% of 1602 companies
in the Construction industry
Industry Median: 73.785 vs SZSE:300986: 160.23

Jiangxi Geto New Materials's Days Payable increased from Sep. 2022 (142.45) to Sep. 2023 (162.81). It may suggest that Jiangxi Geto New Materials delayed paying its suppliers.

Jiangxi Geto New Materials Days Payable Historical Data

The historical data trend for Jiangxi Geto New Materials'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 Geto New Materials Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

191.61

180.58

137.34

126.91

140.12

Jiangxi Geto New Materials Quarterly Data
	Dec17	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable																142.45	123.57	219.63	166.66	162.81

Competitive Comparison

For the Building Products & Equipment subindustry, Jiangxi Geto New Materials'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 Geto New Materials Days Payable Distribution

For the Construction industry and Industrials sector, Jiangxi Geto New Materials's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangxi Geto New Materials's Days Payable falls into.

Jiangxi Geto New Materials 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 Geto New Materials'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
=	( (393.461	+	629.581)	/	2 )	/	1332.456	*	365
=	511.521					/	1332.456	*	365
=	140.12

Jiangxi Geto New Materials'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
=	( (894.249	+	759.643)	/	2 )	/	463.471	*	365 / 4
=	826.946					/	463.471	*	365 / 4
=	162.81

Jiangxi Geto New Materials Days Payable Related Terms

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Jiangxi Geto New Materials (SZSE:300986) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Jiangxi Geto New Materials Corp Ltd (SZSE:300986) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Guangchang Industrial Park, Guangchang County, Jiangxi Province, Fuzhou, CHN, 344900

Website

http://www.geto.com.cn

Jiangxi Geto New Materials Corp Ltd is engaged in the research and development, design, production, sales, lease and corresponding technical guidance of the architectural aluminum mold system. It focuses on aluminum molds, climbing frames, public buildings, and prefabricated building systems.

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