Nantong Guosheng Intelligence Technology Group Co (SHSE:688558) Days Payable : 140.34 (As of Mar. 2024)

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What is Nantong Guosheng Intelligence Technology Group Co Days Payable?

Nantong Guosheng Intelligence Technology Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥292 Mil. Nantong Guosheng Intelligence Technology Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥190 Mil. Hence, Nantong Guosheng Intelligence Technology Group Co's Days Payable for the three months ended in Mar. 2024 was 140.34.

The historical rank and industry rank for Nantong Guosheng Intelligence Technology Group Co's Days Payable or its related term are showing as below:

SHSE:688558' s Days Payable Range Over the Past 10 Years
Min: 74.12 Med: 111.63 Max: 146.98
Current: 131.85

During the past 10 years, Nantong Guosheng Intelligence Technology Group Co's highest Days Payable was 146.98. The lowest was 74.12. And the median was 111.63.

SHSE:688558's Days Payable is ranked better than
72.95% of 2928 companies
in the Industrial Products industry
Industry Median: 76.585 vs SHSE:688558: 131.85

Nantong Guosheng Intelligence Technology Group Co's Days Payable increased from Mar. 2023 (139.49) to Mar. 2024 (140.34). It may suggest that Nantong Guosheng Intelligence Technology Group Co delayed paying its suppliers.

Nantong Guosheng Intelligence Technology Group Co Days Payable Historical Data

The historical data trend for Nantong Guosheng Intelligence Technology 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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Nantong Guosheng Intelligence Technology Group Co Days Payable Chart

Nantong Guosheng Intelligence Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

98.64

135.89

141.93

146.98

130.18

Nantong Guosheng Intelligence Technology 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															139.49	121.77	134.99	133.40	140.34

Competitive Comparison of Nantong Guosheng Intelligence Technology Group Co's Days Payable

For the Specialty Industrial Machinery subindustry, Nantong Guosheng Intelligence Technology 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.

Nantong Guosheng Intelligence Technology Group Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nantong Guosheng Intelligence Technology Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Nantong Guosheng Intelligence Technology Group Co's Days Payable falls into.

Nantong Guosheng Intelligence Technology 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.

Nantong Guosheng Intelligence Technology 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
=	( (309.244	+	283.511)	/	2 )	/	831.014	*	365
=	296.3775					/	831.014	*	365
=	130.18

Nantong Guosheng Intelligence Technology 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
=	( (283.511	+	299.756)	/	2 )	/	189.62	*	365 / 4
=	291.6335					/	189.62	*	365 / 4
=	140.34

Nantong Guosheng Intelligence Technology Group Co Days Payable Related Terms

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Nantong Guosheng Intelligence Technology Group Co (SHSE:688558) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nantong Guosheng Intelligence Technology Group Co Ltd (SHSE:688558) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2 Yongtong Road, Gangzha Economic Development Zone, Jiangsu Province, Nantong, CHN, 226003

Website

http://www.ntgszk.com

Nantong Guosheng Intelligence Technology Group Co Ltd is engaged in production and sales of metal cutting mid-to-high-end CNC machine tools and intelligent automated production lines. The company's products include MVL vertical machining center; GMF Longmen Machining Center; VM/GMS mold processing center; GMF pentahedron machining center; GMF/GMB/MX five-axis machining center; HME inverted T type/DHM positive T type horizontal plus; DBM horizontal boring and milling machining center; IHT CNC horizontal lathe; and IVT CNC vertical lathe. It focuses on application scenarios and personalized needs of customers in the fields of downstream precision molds, new energy, aerospace, rail transportation, 3D printing, industrial valves and other fields.

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