Grand T G Gold Holdings (HKSE:08299) Days Payable : 79.79 (As of Sep. 2023)

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What is Grand T G Gold Holdings Days Payable?

Grand T G Gold Holdings's average Accounts Payable for the three months ended in Sep. 2023 was HK$13.0 Mil. Grand T G Gold Holdings's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$14.9 Mil. Hence, Grand T G Gold Holdings's Days Payable for the three months ended in Sep. 2023 was 79.79.

The historical rank and industry rank for Grand T G Gold Holdings's Days Payable or its related term are showing as below:

HKSE:08299' s Days Payable Range Over the Past 10 Years
Min: 17.7 Med: 121.5 Max: 853.5
Current: 32.92

During the past 13 years, Grand T G Gold Holdings's highest Days Payable was 853.50. The lowest was 17.70. And the median was 121.50.

HKSE:08299's Days Payable is ranked worse than
83.38% of 1071 companies
in the Metals & Mining industry
Industry Median: 130.91 vs HKSE:08299: 32.92

Grand T G Gold Holdings's Days Payable increased from Sep. 2022 (4.43) to Sep. 2023 (79.79). It may suggest that Grand T G Gold Holdings delayed paying its suppliers.

Grand T G Gold Holdings Days Payable Historical Data

The historical data trend for Grand T G Gold Holdings'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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Grand T G Gold Holdings Days Payable Chart

Grand T G Gold Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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19.46

98.95

225.55

226.19

121.50

Grand T G Gold Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															4.43	3.85	32.82	39.98	79.79

Competitive Comparison of Grand T G Gold Holdings's Days Payable

For the Gold subindustry, Grand T G Gold Holdings'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.

Grand T G Gold Holdings's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Grand T G Gold Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Grand T G Gold Holdings's Days Payable falls into.

Grand T G Gold Holdings 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.

Grand T G Gold Holdings's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (47.581	+	12.259)	/	2 )	/	89.886	*	365
=	29.92					/	89.886	*	365
=	121.50

Grand T G Gold Holdings'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
=	( (0	+	13.027)	/	1 )	/	14.898	*	365 / 4
=	13.027					/	14.898	*	365 / 4
=	79.79

Grand T G Gold Holdings Days Payable Related Terms

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Grand T G Gold Holdings (HKSE:08299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grand T G Gold Holdings Ltd (HKSE:08299) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

305-313 Queen’s Road Central, Roon A-B, 8th Floor, Centre Mark II, Sheung Wan, Hong Kong, HKG

Website

https://www.grandtg.com

Grand T G Gold Holdings Ltd is an investment holding company. Its subsidiaries are principally engaged in gold exploration, mining, mineral processing, the sale of gold concentrate, and related products. Its segments are Gold mining and Corporate. The group's operations are located in Hong Kong and other parts of the People's Republic of China whereas the principal markets for the group's products are mainly located in other parts of the People's Republic of China.

Grand T G Gold Holdings (HKSE:08299) Headlines

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