Gloria Technology LLC (BJSE:831641) Days Payable : 123.34 (As of Mar. 2024)

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What is Gloria Technology LLC Days Payable?

Gloria Technology LLC's average Accounts Payable for the three months ended in Mar. 2024 was ¥130.7 Mil. Gloria Technology LLC's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥96.7 Mil. Hence, Gloria Technology LLC's Days Payable for the three months ended in Mar. 2024 was 123.34.

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

BJSE:831641' s Days Payable Range Over the Past 10 Years
Min: 82.78 Med: 107.36 Max: 169.54
Current: 163.72

During the past 12 years, Gloria Technology LLC's highest Days Payable was 169.54. The lowest was 82.78. And the median was 107.36.

BJSE:831641's Days Payable is ranked better than
80.12% of 2928 companies
in the Industrial Products industry
Industry Median: 76.585 vs BJSE:831641: 163.72

Gloria Technology LLC's Days Payable declined from Mar. 2023 (214.39) to Mar. 2024 (123.34). It may suggest that Gloria Technology LLC accelerated paying its suppliers.

Gloria Technology LLC Days Payable Historical Data

The historical data trend for Gloria Technology LLC'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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Gloria Technology LLC Days Payable Chart

Gloria Technology LLC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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96.96

111.07

136.96

154.63

169.54

Gloria Technology LLC Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															214.39	199.65	172.66	140.92	123.34

Competitive Comparison of Gloria Technology LLC's Days Payable

For the Electrical Equipment & Parts subindustry, Gloria Technology LLC'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.

Gloria Technology LLC's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gloria Technology LLC's Days Payable distribution charts can be found below:

* The bar in red indicates where Gloria Technology LLC's Days Payable falls into.

Gloria Technology LLC 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.

Gloria Technology LLC'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
=	( (265.136	+	131.107)	/	2 )	/	426.542	*	365
=	198.1215					/	426.542	*	365
=	169.54

Gloria Technology LLC'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
=	( (131.107	+	130.285)	/	2 )	/	96.694	*	365 / 4
=	130.696					/	96.694	*	365 / 4
=	123.34

Gloria Technology LLC Days Payable Related Terms

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Gloria Technology LLC (BJSE:831641) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gloria Technology LLC (BJSE:831641) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 30 Kunlun Road, High-tech Industrial Development Zone, Greer Digital Technology Industrial Park, Jiangsu Province, Xuzhou City, CHN, 221116

Website

http://www.gloriatechnology.com

Gloria Technology LLC engages in research and development, production, and sales of lighting products and magnetic devices. Its products comprise intelligent control systems, sensors, various electronic transformers, switching power supplies, a full range of electronic ballasts, inverters, indoor and outdoor lighting fixtures, explosion-proof lamps, photovoltaic power generation equipment, communication system equipment.

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