Guangzhou SPI Design Co (SZSE:300844) Days Payable : 39.64 (As of Mar. 2024)

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What is Guangzhou SPI Design Co Days Payable?

Guangzhou SPI Design Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥18.3 Mil. Guangzhou SPI Design Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥42.2 Mil. Hence, Guangzhou SPI Design Co's Days Payable for the three months ended in Mar. 2024 was 39.64.

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

SZSE:300844' s Days Payable Range Over the Past 10 Years
Min: 6.48 Med: 13.65 Max: 33.5
Current: 29.13

During the past 7 years, Guangzhou SPI Design Co's highest Days Payable was 33.50. The lowest was 6.48. And the median was 13.65.

SZSE:300844's Days Payable is ranked worse than
89.34% of 1604 companies
in the Construction industry
Industry Median: 75.68 vs SZSE:300844: 29.13

Guangzhou SPI Design Co's Days Payable increased from Mar. 2023 (19.72) to Mar. 2024 (39.64). It may suggest that Guangzhou SPI Design Co delayed paying its suppliers.

Guangzhou SPI Design Co Days Payable Historical Data

The historical data trend for Guangzhou SPI Design 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 SPI Design Co Days Payable Chart

Guangzhou SPI Design Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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13.25

9.17

6.48

16.91

33.50

Guangzhou SPI Design Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial														19.72	18.62	45.59	30.97	39.64

Competitive Comparison of Guangzhou SPI Design Co's Days Payable

For the Engineering & Construction subindustry, Guangzhou SPI Design 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 SPI Design Co's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Guangzhou SPI Design Co's Days Payable distribution charts can be found below:

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

Guangzhou SPI Design 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 SPI Design 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
=	( (19.378	+	19.733)	/	2 )	/	213.04	*	365
=	19.5555					/	213.04	*	365
=	33.50

Guangzhou SPI Design 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
=	( (19.733	+	16.949)	/	2 )	/	42.222	*	365 / 4
=	18.341					/	42.222	*	365 / 4
=	39.64

Guangzhou SPI Design Co Days Payable Related Terms

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Guangzhou SPI Design Co (SZSE:300844) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Guangzhou SPI Design Co Ltd (SZSE:300844) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 1166 Xingang East Road, Room No-201-205 and 301-304, Haizhu District, Guangdong Province, Guangzhou, CHN, 510330

Website

https://www.gz-spi.com

Guangzhou SPI Design Co Ltd is engaged in providing holistic solutions for community landscape, cultural tourism, commercial space, municipal public and other fields.

Executives

Mei Wei Ping

Supervisors

Guangzhou SPI Design Co (SZSE:300844) Headlines

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