JinGuan Electric Co (SHSE:688517) Days Payable : 427.50 (As of Mar. 2024)

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What is JinGuan Electric Co Days Payable?

JinGuan Electric Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥379.1 Mil. JinGuan Electric Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥80.9 Mil. Hence, JinGuan Electric Co's Days Payable for the three months ended in Mar. 2024 was 427.50.

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

SHSE:688517' s Days Payable Range Over the Past 10 Years
Min: 275.36 Med: 368.44 Max: 394.75
Current: 332.33

During the past 7 years, JinGuan Electric Co's highest Days Payable was 394.75. The lowest was 275.36. And the median was 368.44.

SHSE:688517's Days Payable is ranked better than
96.03% of 2924 companies
in the Industrial Products industry
Industry Median: 76.835 vs SHSE:688517: 332.33

JinGuan Electric Co's Days Payable declined from Mar. 2023 (526.73) to Mar. 2024 (427.50). It may suggest that JinGuan Electric Co accelerated paying its suppliers.

JinGuan Electric Co Days Payable Historical Data

The historical data trend for JinGuan Electric 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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JinGuan Electric Co Days Payable Chart

JinGuan Electric Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

394.75

363.45

306.62

275.36

384.78

JinGuan Electric Co Quarterly Data
	Dec17	Dec18	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															526.73	313.85	378.72	260.29	427.50

Competitive Comparison of JinGuan Electric Co's Days Payable

For the Electrical Equipment & Parts subindustry, JinGuan Electric 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.

JinGuan Electric Co's Days Payable Distribution in the Industrial Products Industry

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

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

JinGuan Electric 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.

JinGuan Electric 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
=	( (369.204	+	378.842)	/	2 )	/	354.799	*	365
=	374.023					/	354.799	*	365
=	384.78

JinGuan Electric 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
=	( (378.842	+	379.413)	/	2 )	/	80.925	*	365 / 4
=	379.1275					/	80.925	*	365 / 4
=	427.50

JinGuan Electric Co Days Payable Related Terms

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JinGuan Electric Co (SHSE:688517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JinGuan Electric Co Ltd (SHSE:688517) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Shuangyang Economic Development Zone, Jilin Province, Changchun, CHN

Website

http://www.jljgdq.cn

JinGuan Electric Co Ltd is engaged in research and development, manufacturing and sales of power transmission and distribution and control equipment.

Executives

Zhang Wei	Core technical personnel
Li Zheng	Director

JinGuan Electric Co (SHSE:688517) Headlines

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