China Specialty Glass AG (FRA:8GS) Days Payable : 81.34 (As of Jun. 2014)

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What is China Specialty Glass AG Days Payable?

China Specialty Glass AG's average Accounts Payable for the three months ended in Jun. 2014 was €14.1 Mil. China Specialty Glass AG's Cost of Goods Sold for the three months ended in Jun. 2014 was €15.8 Mil. Hence, China Specialty Glass AG's Days Payable for the three months ended in Jun. 2014 was 81.34.

The historical rank and industry rank for China Specialty Glass AG's Days Payable or its related term are showing as below:

FRA:8GS's Days Payable is not ranked ^*
in the Business Services industry.
Industry Median: 47.38
* Ranked among companies with meaningful Days Payable only.

China Specialty Glass AG's Days Payable increased from Jun. 2013 (60.86) to Jun. 2014 (81.34). It may suggest that China Specialty Glass AG delayed paying its suppliers.

China Specialty Glass AG Days Payable Historical Data

The historical data trend for China Specialty Glass AG'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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China Specialty Glass AG Days Payable Chart

China Specialty Glass AG Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Days Payable

56.99

50.63

48.20

China Specialty Glass AG Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
Days Payable	Get a 7-Day Free Trial									60.86	71.76	113.58	68.88	81.34

Competitive Comparison of China Specialty Glass AG's Days Payable

For the Security & Protection Services subindustry, China Specialty Glass AG'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.

China Specialty Glass AG's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, China Specialty Glass AG's Days Payable distribution charts can be found below:

* The bar in red indicates where China Specialty Glass AG's Days Payable falls into.

China Specialty Glass AG 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.

China Specialty Glass AG's Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

	Days Payable (A: Dec. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2012 )	+	Accounts Payable (A: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2013 )	*	Days in Period
=	( (9.108	+	8.864)	/	2 )	/	68.051	*	365
=	8.986					/	68.051	*	365
=	48.20

China Specialty Glass AG's Days Payable for the quarter that ended in Jun. 2014 is calculated as:

	Days Payable (Q: Jun. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2014 )	+	Accounts Payable (Q: Jun. 2014 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2014 )	*	Days in Period
=	( (14.95	+	13.214)	/	2 )	/	15.798	*	365 / 4
=	14.082					/	15.798	*	365 / 4
=	81.34

China Specialty Glass AG Days Payable Related Terms

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China Specialty Glass AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Specialty Glass AG (FRA:8GS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

An den Romerhuegeln 1, Grunwald, DEU, 82031

Website

http://www.csg-ag.com

China Specialty Glass AG is a glass manufacturer in China. It develops, produces and sells specialty glass under its Hing Wah brand. It operates into three business segments namely automotive security glass; bank security glass and construction glass.

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