Shanghai Guangdian Electric Group Co (SHSE:601616) Days Payable : 128.09 (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Shanghai Guangdian Electric Group Co Days Payable?

Shanghai Guangdian Electric Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥170.9 Mil. Shanghai Guangdian Electric Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥121.8 Mil. Hence, Shanghai Guangdian Electric Group Co's Days Payable for the three months ended in Mar. 2024 was 128.09.

The historical rank and industry rank for Shanghai Guangdian Electric Group Co's Days Payable or its related term are showing as below:

SHSE:601616' s Days Payable Range Over the Past 10 Years
Min: 109.77 Med: 160.41 Max: 229.4
Current: 116.89

During the past 13 years, Shanghai Guangdian Electric Group Co's highest Days Payable was 229.40. The lowest was 109.77. And the median was 160.41.

SHSE:601616's Days Payable is ranked better than
76.83% of 2421 companies
in the Hardware industry
Industry Median: 67.87 vs SHSE:601616: 116.89

Shanghai Guangdian Electric Group Co's Days Payable declined from Mar. 2023 (148.70) to Mar. 2024 (128.09). It may suggest that Shanghai Guangdian Electric Group Co accelerated paying its suppliers.

Shanghai Guangdian Electric Group Co Days Payable Historical Data

The historical data trend for Shanghai Guangdian Electric Group 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.

* Premium members only.

Shanghai Guangdian Electric Group Co Days Payable Chart

Shanghai Guangdian Electric Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

177.43

153.69

117.36

109.77

121.17

Shanghai Guangdian Electric Group 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															148.70	102.88	119.79	103.16	128.09

Competitive Comparison of Shanghai Guangdian Electric Group Co's Days Payable

For the Electronics & Computer Distribution subindustry, Shanghai Guangdian Electric Group 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.

Shanghai Guangdian Electric Group Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shanghai Guangdian Electric Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai Guangdian Electric Group Co's Days Payable falls into.

Shanghai Guangdian Electric Group 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.

Shanghai Guangdian Electric Group 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
=	( (192.373	+	155.321)	/	2 )	/	523.7	*	365
=	173.847					/	523.7	*	365
=	121.17

Shanghai Guangdian Electric Group 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
=	( (155.321	+	186.514)	/	2 )	/	121.762	*	365 / 4
=	170.9175					/	121.762	*	365 / 4
=	128.09

Shanghai Guangdian Electric Group Co Days Payable Related Terms

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

Shanghai Guangdian Electric Group Co (SHSE:601616) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shanghai Guangdian Electric Group Co Ltd (SHSE:601616) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1,Lane 123,East Huancheng Road, Fengxian, Shanghai, CHN, 201401

Website

http://www.sgeg.cn

Shanghai Guangdian Electric Group Co Ltd designs, develops, manufactures, and markets distribution and control products and solution services in China. The company provides switchgear, medium voltage equipment, vacuum circuit breakers, low voltage switchgear and distribution panels among others.

Executives

Wang Jiang	senior management
Yan Huai Zhong	Director
	Director
Zhu Guang Ming	Supervisors
He Yue Nan	Supervisors
He Zhen Hua	senior management

Shanghai Guangdian Electric Group Co (SHSE:601616) Headlines

No Headlines