Langfang Development Co (SHSE:600149) Days Payable : 102.09 (As of Sep. 2024)

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What is Langfang Development Co Days Payable?

Langfang Development Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥118.6 Mil. Langfang Development Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥106.0 Mil. Hence, Langfang Development Co's Days Payable for the three months ended in Sep. 2024 was 102.09.

The historical rank and industry rank for Langfang Development Co's Days Payable or its related term are showing as below:

SHSE:600149' s Days Payable Range Over the Past 10 Years
Min: 2.37 Med: 64.19 Max: 165.82
Current: 144.37

During the past 13 years, Langfang Development Co's highest Days Payable was 165.82. The lowest was 2.37. And the median was 64.19.

SHSE:600149's Days Payable is ranked better than
82.9% of 2409 companies
in the Hardware industry
Industry Median: 68.75 vs SHSE:600149: 144.37

Langfang Development Co's Days Payable declined from Sep. 2023 (672.53) to Sep. 2024 (102.09). It may suggest that Langfang Development Co accelerated paying its suppliers.

Langfang Development Co Days Payable Historical Data

The historical data trend for Langfang Development Co'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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Langfang Development Co Days Payable Chart

Langfang Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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102.50

64.52

63.85

120.07

165.82

Langfang Development Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															672.53	101.42	131.03	816.07	102.09

Competitive Comparison of Langfang Development Co's Days Payable

For the Electronics & Computer Distribution subindustry, Langfang Development Co'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.

Langfang Development Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Langfang Development Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Langfang Development Co's Days Payable falls into.

Langfang Development Co 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.

Langfang Development Co'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
=	( (82.03	+	81.339)	/	2 )	/	179.801	*	365
=	81.6845					/	179.801	*	365
=	165.82

Langfang Development Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (102.857	+	134.435)	/	2 )	/	106.048	*	365 / 4
=	118.646					/	106.048	*	365 / 4
=	102.09

Langfang Development Co Days Payable Related Terms

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Langfang Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Langfang Development Co Ltd (SHSE:600149) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 3 Yongfeng Road, Floor 22, Block B, Langfang Development Building, Guangyang District, Hebei Province, Langfang, CHN, 065000

Website

Langfang Development Co Ltd is a China-based company primarily engaged in distribution of electronic products and the provision of network technology services.

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