Jiangxi Guotai Group Co (SHSE:603977) Days Payable : 103.98 (As of Mar. 2024)

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What is Jiangxi Guotai Group Co Days Payable?

Jiangxi Guotai Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥372 Mil. Jiangxi Guotai Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥327 Mil. Hence, Jiangxi Guotai Group Co's Days Payable for the three months ended in Mar. 2024 was 103.98.

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

SHSE:603977' s Days Payable Range Over the Past 10 Years
Min: 36.37 Med: 87.74 Max: 130.03
Current: 113.83

During the past 13 years, Jiangxi Guotai Group Co's highest Days Payable was 130.03. The lowest was 36.37. And the median was 87.74.

SHSE:603977's Days Payable is ranked better than
81.45% of 1504 companies
in the Chemicals industry
Industry Median: 61.065 vs SHSE:603977: 113.83

Jiangxi Guotai Group Co's Days Payable declined from Mar. 2023 (158.06) to Mar. 2024 (103.98). It may suggest that Jiangxi Guotai Group Co accelerated paying its suppliers.

Jiangxi Guotai Group Co Days Payable Historical Data

The historical data trend for Jiangxi Guotai 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.

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Jiangxi Guotai Group Co Days Payable Chart

Jiangxi Guotai Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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71.76

68.27

97.69

130.03

102.47

Jiangxi Guotai 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															158.06	126.27	138.55	95.74	103.98

Competitive Comparison of Jiangxi Guotai Group Co's Days Payable

For the Specialty Chemicals subindustry, Jiangxi Guotai 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.

Jiangxi Guotai Group Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangxi Guotai Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangxi Guotai Group Co's Days Payable falls into.

Jiangxi Guotai 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.

Jiangxi Guotai 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
=	( (545.395	+	369.326)	/	2 )	/	1629.176	*	365
=	457.3605					/	1629.176	*	365
=	102.47

Jiangxi Guotai 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
=	( (369.326	+	375.333)	/	2 )	/	326.738	*	365 / 4
=	372.3295					/	326.738	*	365 / 4
=	103.98

Jiangxi Guotai Group Co Days Payable Related Terms

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Jiangxi Guotai Group Co (SHSE:603977) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangxi Guotai Group Co Ltd (SHSE:603977) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 699, Gaoxin Avenue, Nanchang High-tech Industrial Development Zone, Jiangxi Province, Nanchang, CHN, 330096

Website

http://www.jxgtmb.com

Jiangxi Guotai Group Co Ltd, formerly Jiangxi Guotai Industrial Explosive Material Group Co Ltd is the civil explosive equipment manufacturers based in China. The principal business activities of the company include research and development, production, sales and blasting services of civil blasting equipment. The company's product line consists of an industrial detonator, industrial explosives, industrial cable, information product and intelligent equipment. Its products are mainly used for mining and infrastructure construction.

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