Gem-Year Industrial Co (SHSE:601002) Days Payable : 174.59 (As of Mar. 2024)

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What is Gem-Year Industrial Co Days Payable?

Gem-Year Industrial Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥746 Mil. Gem-Year Industrial Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥390 Mil. Hence, Gem-Year Industrial Co's Days Payable for the three months ended in Mar. 2024 was 174.59.

The historical rank and industry rank for Gem-Year Industrial Co's Days Payable or its related term are showing as below:

SHSE:601002' s Days Payable Range Over the Past 10 Years
Min: 93.47 Med: 117.24 Max: 155.87
Current: 129.23

During the past 13 years, Gem-Year Industrial Co's highest Days Payable was 155.87. The lowest was 93.47. And the median was 117.24.

SHSE:601002's Days Payable is ranked better than
72.31% of 2936 companies
in the Industrial Products industry
Industry Median: 76.395 vs SHSE:601002: 129.23

Gem-Year Industrial Co's Days Payable increased from Mar. 2023 (157.21) to Mar. 2024 (174.59). It may suggest that Gem-Year Industrial Co delayed paying its suppliers.

Gem-Year Industrial Co Days Payable Historical Data

The historical data trend for Gem-Year Industrial 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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Gem-Year Industrial Co Days Payable Chart

Gem-Year Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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119.97

130.26

155.87

135.37

119.99

Gem-Year Industrial Co Quarterly Data
	Jun19	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															157.21	151.97	102.67	105.32	174.59

Competitive Comparison of Gem-Year Industrial Co's Days Payable

For the Tools & Accessories subindustry, Gem-Year Industrial 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.

Gem-Year Industrial Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gem-Year Industrial Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Gem-Year Industrial Co's Days Payable falls into.

Gem-Year Industrial 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.

Gem-Year Industrial 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
=	( (599.327	+	736.627)	/	2 )	/	2031.99	*	365
=	667.977					/	2031.99	*	365
=	119.99

Gem-Year Industrial 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
=	( (736.627	+	755.162)	/	2 )	/	389.854	*	365 / 4
=	745.8945					/	389.854	*	365 / 4
=	174.59

Gem-Year Industrial Co Days Payable Related Terms

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Gem-Year Industrial Co (SHSE:601002) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gem-Year Industrial Co Ltd (SHSE:601002) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Jinyi Avenue, Economic Development Zone, Jiashan, Zhejiang, Jiaxing, CHN, 314100

Website

http://www.gem-year.com

Gem-Year Industrial Co Ltd operates as a fastener manufacturer in China. Its products include bolts, nuts, screws, drawn air and fasteners. master toolset, tools storage, sockets, wrench and cutting tools.

Gem-Year Industrial Co (SHSE:601002) Headlines

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