China National Gold Group Gold Jewellery Co (SHSE:600916) Days Payable : 0.93 (As of Mar. 2024)

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What is China National Gold Group Gold Jewellery Co Days Payable?

China National Gold Group Gold Jewellery Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥178 Mil. China National Gold Group Gold Jewellery Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥17,504 Mil. Hence, China National Gold Group Gold Jewellery Co's Days Payable for the three months ended in Mar. 2024 was 0.93.

The historical rank and industry rank for China National Gold Group Gold Jewellery Co's Days Payable or its related term are showing as below:

SHSE:600916' s Days Payable Range Over the Past 10 Years
Min: 0.94 Med: 1.15 Max: 1.47
Current: 0.97

During the past 8 years, China National Gold Group Gold Jewellery Co's highest Days Payable was 1.47. The lowest was 0.94. And the median was 1.15.

SHSE:600916's Days Payable is ranked worse than
99.35% of 1078 companies
in the Retail - Cyclical industry
Industry Median: 56.675 vs SHSE:600916: 0.97

China National Gold Group Gold Jewellery Co's Days Payable declined from Mar. 2023 (1.07) to Mar. 2024 (0.93). It may suggest that China National Gold Group Gold Jewellery Co accelerated paying its suppliers.

China National Gold Group Gold Jewellery Co Days Payable Historical Data

The historical data trend for China National Gold Group Gold Jewellery 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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China National Gold Group Gold Jewellery Co Days Payable Chart

China National Gold Group Gold Jewellery Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1.22

1.37

1.09

1.47

0.96

China National Gold Group Gold Jewellery Co Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															1.07	0.94	0.87	0.70	0.93

Competitive Comparison of China National Gold Group Gold Jewellery Co's Days Payable

For the Luxury Goods subindustry, China National Gold Group Gold Jewellery 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.

China National Gold Group Gold Jewellery Co's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, China National Gold Group Gold Jewellery Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China National Gold Group Gold Jewellery Co's Days Payable falls into.

China National Gold Group Gold Jewellery 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.

China National Gold Group Gold Jewellery 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
=	( (188.127	+	95.109)	/	2 )	/	54038.104	*	365
=	141.618					/	54038.104	*	365
=	0.96

China National Gold Group Gold Jewellery Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (95.109	+	260.745)	/	2 )	/	17503.598	*	365 / 4
=	177.927					/	17503.598	*	365 / 4
=	0.93

China National Gold Group Gold Jewellery Co Days Payable Related Terms

Thank you for viewing the detailed overview of China National Gold Group Gold Jewellery Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

China National Gold Group Gold Jewellery Co (SHSE:600916) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China National Gold Group Gold Jewellery Co Ltd (SHSE:600916) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 2, Jingyuan North Street, Room 305, Building 49, Economic and Technological Development Zone, Beijing, CHN, 100176

Website

https://www.chnau99999.com

China National Gold Group Gold & Jewelery Co Ltd is a professional gold jewelry production and sales enterprise specializing in the operation of the China Gold brand.

China National Gold Group Gold Jewellery Co (SHSE:600916) Headlines

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