GI Technologies Group Co (SZSE:300309) Days Payable : 64.71 (As of Mar. 2023)

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What is GI Technologies Group Co Days Payable?

GI Technologies Group Co's average Accounts Payable for the three months ended in Mar. 2023 was ¥33.83 Mil. GI Technologies Group Co's Cost of Goods Sold for the three months ended in Mar. 2023 was ¥47.70 Mil. Hence, GI Technologies Group Co's Days Payable for the three months ended in Mar. 2023 was 64.71.

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

SZSE:300309's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 61.48
* Ranked among companies with meaningful Days Payable only.

GI Technologies Group Co's Days Payable declined from Mar. 2022 (405.06) to Mar. 2023 (64.71). It may suggest that GI Technologies Group Co accelerated paying its suppliers.

GI Technologies Group Co Days Payable Historical Data

The historical data trend for GI Technologies 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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GI Technologies Group Co Days Payable Chart

GI Technologies Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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65.82

101.71

303.75

331.60

309.42

GI Technologies Group Co Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Days Payable	Get a 7-Day Free Trial															405.06	314.32	384.96	-	64.71

Competitive Comparison of GI Technologies Group Co's Days Payable

For the Oil & Gas Equipment & Services subindustry, GI Technologies 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.

GI Technologies Group Co's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, GI Technologies Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where GI Technologies Group Co's Days Payable falls into.

GI Technologies 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.

GI Technologies Group Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (367.898	+	34.556)	/	2 )	/	237.374	*	365
=	201.227					/	237.374	*	365
=	309.42

GI Technologies Group Co's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (34.556	+	33.101)	/	2 )	/	47.7	*	365 / 4
=	33.8285					/	47.7	*	365 / 4
=	64.71

GI Technologies Group Co Days Payable Related Terms

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GI Technologies Group Co (SZSE:300309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » GI Technologies Group Co Ltd (SZSE:300309) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Haiying Road, Room 201, 2nd Floor, Building 2, Fengtai District, Beijing, CHN

Website

http://www.gi-tech.cn

GI Technologies Group Co Ltd is engaged in the research and development, manufacturing of petroleum equipment. The company operates through three main businesses: petroleum equipment manufacturing, petroleum engineering services and petrochemical. Its petroleum engineering services comprise well logging service, directional drilling service, and downhole operation service. The petrochemical business is mainly engaged in the oil refining and oil trade. In addition, the company is also engaged in the asset management business. It operates in more than 20 countries and regions at home and abroad.

Executives

Yao Qing	Directors, executives
Xu Bo	Director
Huang Wen Zhi	Director
Gao Huai Xue	Secretary Dong
Fu Da Peng	Supervisors
Feng Yu Ping	Executives
Li Xin Min	Executives
Chen Gang	Independent director
Zhang Feng	Supervisors
He Nian	Supervisors

GI Technologies Group Co (SZSE:300309) Headlines

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