China Gerui Advanced Materials Group (FRA:G60A) Days Payable : 50.93 (As of Sep. 2014)

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What is China Gerui Advanced Materials Group Days Payable?

China Gerui Advanced Materials Group's average Accounts Payable for the three months ended in Sep. 2014 was €3.95 Mil. China Gerui Advanced Materials Group's Cost of Goods Sold for the three months ended in Sep. 2014 was €7.07 Mil. Hence, China Gerui Advanced Materials Group's Days Payable for the three months ended in Sep. 2014 was 50.93.

The historical rank and industry rank for China Gerui Advanced Materials Group's Days Payable or its related term are showing as below:

FRA:G60A' s Days Payable Range Over the Past 10 Years
Min: 3.99 Med: 12.98 Max: 222.35
Current: 222.35

During the past 8 years, China Gerui Advanced Materials Group's highest Days Payable was 222.35. The lowest was 3.99. And the median was 12.98.

FRA:G60A's Days Payable is not ranked
in the Steel industry.
Industry Median: 41.43 vs FRA:G60A: 222.35

China Gerui Advanced Materials Group's Days Payable declined from Sep. 2013 (52.30) to Sep. 2014 (50.93). It may suggest that China Gerui Advanced Materials Group accelerated paying its suppliers.

China Gerui Advanced Materials Group Days Payable Historical Data

The historical data trend for China Gerui Advanced Materials Group'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.

* Premium members only.

China Gerui Advanced Materials Group Days Payable Chart

China Gerui Advanced Materials Group Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Days Payable

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15.95

9.81

8.14

9.04

12.24

China Gerui Advanced Materials Group Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Days Payable	Get a 7-Day Free Trial															52.30	14.98	30.66	21.69	50.93

Competitive Comparison of China Gerui Advanced Materials Group's Days Payable

For the Steel subindustry, China Gerui Advanced Materials Group'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 Gerui Advanced Materials Group's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, China Gerui Advanced Materials Group's Days Payable distribution charts can be found below:

* The bar in red indicates where China Gerui Advanced Materials Group's Days Payable falls into.

China Gerui Advanced Materials Group 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 Gerui Advanced Materials Group'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
=	( (1.737	+	6.185)	/	2 )	/	118.089	*	365
=	3.961					/	118.089	*	365
=	12.24

China Gerui Advanced Materials Group's Days Payable for the quarter that ended in Sep. 2014 is calculated as:

	Days Payable (Q: Sep. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2014 )	+	Accounts Payable (Q: Sep. 2014 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2014 )	*	Days in Period
=	( (3.587	+	4.308)	/	2 )	/	7.072	*	365 / 4
=	3.9475					/	7.072	*	365 / 4
=	50.93

China Gerui Advanced Materials Group Days Payable Related Terms

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China Gerui Advanced Materials Group (FRA:G60A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Gerui Advanced Materials Group Ltd (FRA:G60A) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

1 Shuanghu Development Zone, Zhengzhou, Xinzheng City, Henan, CHN, 451191

Website

http://www.geruigroup.com

China Gerui Advanced Materials Group Ltd is a China-based steel processor company. It manufactures high precision cold-rolled narrow strip steel products and converts steel manufactured into thin steel sheets and strips. It mainly produces ultra-thin, high-strength cold-rolled steel products and chromium plates. The company sells its products to domestic Chinese customers who primarily operate in the food and industrial packaging, construction and household decorations materials, electrical appliances, and telecommunications wires and cables industries.

China Gerui Advanced Materials Group (FRA:G60A) Headlines

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