Jiangxi Guoke Defence Group Co (SHSE:688543) Days Payable : 403.46 (As of Mar. 2024)

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What is Jiangxi Guoke Defence Group Co Days Payable?

Jiangxi Guoke Defence Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥461 Mil. Jiangxi Guoke Defence Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥104 Mil. Hence, Jiangxi Guoke Defence Group Co's Days Payable for the three months ended in Mar. 2024 was 403.46.

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

SHSE:688543' s Days Payable Range Over the Past 10 Years
Min: 77.74 Med: 254.09 Max: 459.8
Current: 220.74

During the past 9 years, Jiangxi Guoke Defence Group Co's highest Days Payable was 459.80. The lowest was 77.74. And the median was 254.09.

SHSE:688543's Days Payable is ranked better than
83.5% of 297 companies
in the Aerospace & Defense industry
Industry Median: 75.31 vs SHSE:688543: 220.74

Jiangxi Guoke Defence Group Co's Days Payable increased from Mar. 2023 (360.14) to Mar. 2024 (403.46). It may suggest that Jiangxi Guoke Defence Group Co delayed paying its suppliers.

Jiangxi Guoke Defence Group Co Days Payable Historical Data

The historical data trend for Jiangxi Guoke Defence 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 Guoke Defence Group Co Days Payable Chart

Jiangxi Guoke Defence Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

459.80

271.53

266.77

267.28

254.09

Jiangxi Guoke Defence Group Co Quarterly Data
	Dec14	Dec15	Dec16	Dec17	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												360.14	200.37	226.43	183.29	403.46

Competitive Comparison of Jiangxi Guoke Defence Group Co's Days Payable

For the Aerospace & Defense subindustry, Jiangxi Guoke Defence 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 Guoke Defence Group Co's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Jiangxi Guoke Defence Group Co's Days Payable distribution charts can be found below:

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

Jiangxi Guoke Defence 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 Guoke Defence 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
=	( (440.484	+	539.285)	/	2 )	/	703.718	*	365
=	489.8845					/	703.718	*	365
=	254.09

Jiangxi Guoke Defence 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
=	( (539.285	+	382.461)	/	2 )	/	104.235	*	365 / 4
=	460.873					/	104.235	*	365 / 4
=	403.46

Jiangxi Guoke Defence Group Co Days Payable Related Terms

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Jiangxi Guoke Defence Group Co (SHSE:688543) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Jiangxi Guoke Defence Group Co Ltd (SHSE:688543) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 999 Jianye Street, Nanchang Economic and Technological Development Zone, Jiangxi, Nanchang, CHN, 330000

Website

Jiangxi Guoke Defence Group Co Ltd Research and development, production and sales of missile (rocket) solid motor power and control products and ammunition equipment.

Jiangxi Guoke Defence Group Co (SHSE:688543) Headlines

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