Guangdong Guangzhou Daily Media Co (SZSE:002181) Days Payable : 96.03 (As of Mar. 2024)

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What is Guangdong Guangzhou Daily Media Co Days Payable?

Guangdong Guangzhou Daily Media Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥85.8 Mil. Guangdong Guangzhou Daily Media Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥81.6 Mil. Hence, Guangdong Guangzhou Daily Media Co's Days Payable for the three months ended in Mar. 2024 was 96.03.

The historical rank and industry rank for Guangdong Guangzhou Daily Media Co's Days Payable or its related term are showing as below:

SZSE:002181' s Days Payable Range Over the Past 10 Years
Min: 44.09 Med: 60.85 Max: 87.55
Current: 71.46

During the past 13 years, Guangdong Guangzhou Daily Media Co's highest Days Payable was 87.55. The lowest was 44.09. And the median was 60.85.

SZSE:002181's Days Payable is ranked worse than
54.8% of 927 companies
in the Media - Diversified industry
Industry Median: 81.28 vs SZSE:002181: 71.46

Guangdong Guangzhou Daily Media Co's Days Payable increased from Mar. 2023 (95.33) to Mar. 2024 (96.03). It may suggest that Guangdong Guangzhou Daily Media Co delayed paying its suppliers.

Guangdong Guangzhou Daily Media Co Days Payable Historical Data

The historical data trend for Guangdong Guangzhou Daily Media 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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Guangdong Guangzhou Daily Media Co Days Payable Chart

Guangdong Guangzhou Daily Media Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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54.11

54.62

53.61

67.07

73.48

Guangdong Guangzhou Daily Media 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															95.33	64.46	70.17	63.72	96.03

Competitive Comparison of Guangdong Guangzhou Daily Media Co's Days Payable

For the Publishing subindustry, Guangdong Guangzhou Daily Media 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.

Guangdong Guangzhou Daily Media Co's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Guangdong Guangzhou Daily Media Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Guangdong Guangzhou Daily Media Co's Days Payable falls into.

Guangdong Guangzhou Daily Media 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.

Guangdong Guangzhou Daily Media 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
=	( (75.56	+	88.219)	/	2 )	/	406.775	*	365
=	81.8895					/	406.775	*	365
=	73.48

Guangdong Guangzhou Daily Media 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
=	( (88.219	+	83.479)	/	2 )	/	81.578	*	365 / 4
=	85.849					/	81.578	*	365 / 4
=	96.03

Guangdong Guangzhou Daily Media Co Days Payable Related Terms

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Guangdong Guangzhou Daily Media Co (SZSE:002181) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Guangdong Guangzhou Daily Media Co Ltd (SZSE:002181) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Room 3001 Yuexiu Town Square, 437 Dongfeng Zhong Road, Guangzhou, CHN, 510030

Website

http://www.gdgzrb.com

Guangdong Guangzhou Daily Media Co Ltd is a newspaper media company. Its principal business involves advertising operations, distribution of logistics, newspapers and periodicals, printing and packaging and new media. In addition, the company is also involved in the field of cultural media industry investment.

Guangdong Guangzhou Daily Media Co (SZSE:002181) Headlines

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