Guangzhou Devotion Thermal Technology Co (SZSE:300335) Days Payable : 131.92 (As of Sep. 2024)

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What is Guangzhou Devotion Thermal Technology Co Days Payable?

Guangzhou Devotion Thermal Technology Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥315 Mil. Guangzhou Devotion Thermal Technology Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥218 Mil. Hence, Guangzhou Devotion Thermal Technology Co's Days Payable for the three months ended in Sep. 2024 was 131.92.

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

SZSE:300335' s Days Payable Range Over the Past 10 Years
Min: 84.87 Med: 112.9 Max: 156.05
Current: 137.56

During the past 13 years, Guangzhou Devotion Thermal Technology Co's highest Days Payable was 156.05. The lowest was 84.87. And the median was 112.90.

SZSE:300335's Days Payable is ranked better than
86.83% of 1511 companies
in the Chemicals industry
Industry Median: 59.26 vs SZSE:300335: 137.56

Guangzhou Devotion Thermal Technology Co's Days Payable increased from Sep. 2023 (110.97) to Sep. 2024 (131.92). It may suggest that Guangzhou Devotion Thermal Technology Co delayed paying its suppliers.

Guangzhou Devotion Thermal Technology Co Days Payable Historical Data

The historical data trend for Guangzhou Devotion Thermal 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 Devotion Thermal Technology Co Days Payable Chart

Guangzhou Devotion Thermal Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

114.83

124.25

156.05

145.71

124.54

Guangzhou Devotion Thermal Technology Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															110.97	100.66	211.88	148.31	131.92

Competitive Comparison of Guangzhou Devotion Thermal Technology Co's Days Payable

For the Specialty Chemicals subindustry, Guangzhou Devotion Thermal 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 Devotion Thermal Technology Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Guangzhou Devotion Thermal Technology Co's Days Payable distribution charts can be found below:

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

Guangzhou Devotion Thermal 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 Devotion Thermal 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
=	( (320.924	+	354.755)	/	2 )	/	990.146	*	365
=	337.8395					/	990.146	*	365
=	124.54

Guangzhou Devotion Thermal Technology Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (307.088	+	322.394)	/	2 )	/	217.71	*	365 / 4
=	314.741					/	217.71	*	365 / 4
=	131.92

Guangzhou Devotion Thermal Technology Co Days Payable Related Terms

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Guangzhou Devotion Thermal Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangzhou Devotion Thermal Technology Co Ltd (SZSE:300335) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 42, Dongzhong Road,, Economic and Technological Development Zone, East District, Guangdong Province, Guangzhou, CHN, 510760

Website

https://www.devotiongroup.com

Guangzhou Devotion Thermal Technology Co Ltd is a biomass energy company. Its core business activities are categorized into three segments - Clean Energy Integrated Services, Industrial Boiler Manufacturing, Indoor Health Environment Management. Its products cover fuel gas boilers, biomass boilers, electric boilers and various pressure vessel equipment. In the international market, the company's products are exported to Europe, the Americas, the Middle East and other places.

Executives

	Directors, executives
Li Zu Qin	Director
Ma Ge	Directors, executives
Chen Yan Fang	Directors, Directors, and Executives
Huang Bo	Secretary Dong
Zhao Chao Lan	Securities Affairs Representative
Chang Hou Chun	Director
Wu Qi	Independent director
Ceng Jian Fei	Executives
Qian Yan Bin	Director
Zhang Kai Hui	Directors, executives

Guangzhou Devotion Thermal Technology Co Headlines

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