China Gengsheng Minerals (FRA:CGS) Days Payable : 121.04 (As of Dec. 2013)

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What is China Gengsheng Minerals Days Payable?

China Gengsheng Minerals's average Accounts Payable for the three months ended in Dec. 2013 was €18.69 Mil. China Gengsheng Minerals's Cost of Goods Sold for the three months ended in Dec. 2013 was €14.09 Mil. Hence, China Gengsheng Minerals's Days Payable for the three months ended in Dec. 2013 was 121.04.

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

FRA:CGS' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 168.43
Current: 168.43

During the past 8 years, China Gengsheng Minerals's highest Days Payable was 168.43. The lowest was 0.00. And the median was 0.00.

FRA:CGS's Days Payable is not ranked
in the Building Materials industry.
Industry Median: 66.17 vs FRA:CGS: 168.43

China Gengsheng Minerals's Days Payable declined from Dec. 2012 (153.05) to Dec. 2013 (121.04). It may suggest that China Gengsheng Minerals accelerated paying its suppliers.

China Gengsheng Minerals Days Payable Historical Data

The historical data trend for China Gengsheng Minerals'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 Gengsheng Minerals Days Payable Chart

China Gengsheng Minerals Annual Data

Trend

Sep06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Days Payable

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101.38

104.45

98.80

127.18

170.10

China Gengsheng Minerals Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Days Payable	Get a 7-Day Free Trial															153.05	218.34	175.05	197.97	121.04

Competitive Comparison of China Gengsheng Minerals's Days Payable

For the Building Materials subindustry, China Gengsheng Minerals'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 Gengsheng Minerals's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, China Gengsheng Minerals's Days Payable distribution charts can be found below:

* The bar in red indicates where China Gengsheng Minerals's Days Payable falls into.

China Gengsheng Minerals 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 Gengsheng Minerals'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
=	( (18.142	+	17.792)	/	2 )	/	38.554	*	365
=	17.967					/	38.554	*	365
=	170.10

China Gengsheng Minerals's Days Payable for the quarter that ended in Dec. 2013 is calculated as:

	Days Payable (Q: Dec. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2013 )	+	Accounts Payable (Q: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
=	( (19.588	+	17.792)	/	2 )	/	14.09	*	365 / 4
=	18.69					/	14.09	*	365 / 4
=	121.04

China Gengsheng Minerals Days Payable Related Terms

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China Gengsheng Minerals (FRA:CGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Gengsheng Minerals (FRA:CGS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88 Gengsheng Road, Dayugou Town, Gongyi, Henan, CHN, 451271

Website

http://www.gengsheng.com

China Gengsheng Minerals Inc is a holding company. It operates in the materials technology industry through its subsidiaries in China. It develops, manufactures and sells a broad range of mineral-based products. Its products include refractory products, industrial ceramics, fracture proppants and fine precision abrasives and corundum materials. It sells its products to iron, steel, oil, glass, cement, aluminum, chemical and solar industries. The company has Refractories, Industrial ceramic, Fracture proppant, Fire precision abrasives segments. It derives the majority of its revenues from Refractories segment.

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