Guangzhou Ruoyuchen Technology Co (SZSE:003010) Days Payable : 7.80 (As of Mar. 2024)

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What is Guangzhou Ruoyuchen Technology Co Days Payable?

Guangzhou Ruoyuchen Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥24 Mil. Guangzhou Ruoyuchen Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥280 Mil. Hence, Guangzhou Ruoyuchen Technology Co's Days Payable for the three months ended in Mar. 2024 was 7.80.

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

SZSE:003010' s Days Payable Range Over the Past 10 Years
Min: 8 Med: 20.35 Max: 47.16
Current: 10.31

During the past 11 years, Guangzhou Ruoyuchen Technology Co's highest Days Payable was 47.16. The lowest was 8.00. And the median was 20.35.

SZSE:003010's Days Payable is ranked worse than
94.64% of 933 companies
in the Media - Diversified industry
Industry Median: 79.7 vs SZSE:003010: 10.31

Guangzhou Ruoyuchen Technology Co's Days Payable declined from Mar. 2023 (9.16) to Mar. 2024 (7.80). It may suggest that Guangzhou Ruoyuchen Technology Co accelerated paying its suppliers.

Guangzhou Ruoyuchen Technology Co Days Payable Historical Data

The historical data trend for Guangzhou Ruoyuchen Technology 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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Guangzhou Ruoyuchen Technology Co Days Payable Chart

Guangzhou Ruoyuchen Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

23.29

12.27

9.80

9.67

8.00

Guangzhou Ruoyuchen Technology 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															9.16	13.23	19.42	7.27	7.80

Competitive Comparison of Guangzhou Ruoyuchen Technology Co's Days Payable

For the Advertising Agencies subindustry, Guangzhou Ruoyuchen Technology 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.

Guangzhou Ruoyuchen Technology Co's Days Payable Distribution in the Media - Diversified Industry

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

* The bar in red indicates where Guangzhou Ruoyuchen Technology Co's Days Payable falls into.

Guangzhou Ruoyuchen Technology 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.

Guangzhou Ruoyuchen Technology 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
=	( (15.794	+	19.972)	/	2 )	/	816.321	*	365
=	17.883					/	816.321	*	365
=	8.00

Guangzhou Ruoyuchen Technology 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
=	( (19.972	+	27.98)	/	2 )	/	280.485	*	365 / 4
=	23.976					/	280.485	*	365 / 4
=	7.80

Guangzhou Ruoyuchen Technology Co Days Payable Related Terms

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Guangzhou Ruoyuchen Technology Co (SZSE:003010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Guangzhou Ruoyuchen Technology Co Ltd (SZSE:003010) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1203, No.1080 Huangpu East Road, Huangpu District, Guangdong Province, Guangzhou, CHN, 510725

Website

https://www.gzruoyuchen.com

Guangzhou Ruoyuchen Technology Co Ltd is an e-commerce integrated service provider. The company is engaged in online agency operation, channel distribution and brand planning, the service content covers brand positioning, store operation, channel distribution, integrated marketing, data mining, supply chain management.

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