Guangdong Modern High-Tech Fiber Co (SZSE:300876) Days Payable : 46.92 (As of Mar. 2024)

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What is Guangdong Modern High-Tech Fiber Co Days Payable?

Guangdong Modern High-Tech Fiber Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥44.7 Mil. Guangdong Modern High-Tech Fiber Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥86.9 Mil. Hence, Guangdong Modern High-Tech Fiber Co's Days Payable for the three months ended in Mar. 2024 was 46.92.

The historical rank and industry rank for Guangdong Modern High-Tech Fiber Co's Days Payable or its related term are showing as below:

SZSE:300876' s Days Payable Range Over the Past 10 Years
Min: 7.02 Med: 13.03 Max: 44.82
Current: 44.82

During the past 8 years, Guangdong Modern High-Tech Fiber Co's highest Days Payable was 44.82. The lowest was 7.02. And the median was 13.03.

SZSE:300876's Days Payable is ranked worse than
59.74% of 1016 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.335 vs SZSE:300876: 44.82

Guangdong Modern High-Tech Fiber Co's Days Payable increased from Mar. 2023 (12.09) to Mar. 2024 (46.92). It may suggest that Guangdong Modern High-Tech Fiber Co delayed paying its suppliers.

Guangdong Modern High-Tech Fiber Co Days Payable Historical Data

The historical data trend for Guangdong Modern High-Tech Fiber 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 Modern High-Tech Fiber Co Days Payable Chart

Guangdong Modern High-Tech Fiber Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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7.23

7.02

8.46

13.03

31.17

Guangdong Modern High-Tech Fiber Co Quarterly Data
	Dec18	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															12.09	46.35	63.02	46.21	46.92

Competitive Comparison of Guangdong Modern High-Tech Fiber Co's Days Payable

For the Textile Manufacturing subindustry, Guangdong Modern High-Tech Fiber 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 Modern High-Tech Fiber Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Guangdong Modern High-Tech Fiber Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Guangdong Modern High-Tech Fiber Co's Days Payable falls into.

Guangdong Modern High-Tech Fiber 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 Modern High-Tech Fiber 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
=	( (11.44	+	51.818)	/	2 )	/	370.377	*	365
=	31.629					/	370.377	*	365
=	31.17

Guangdong Modern High-Tech Fiber 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
=	( (51.818	+	37.596)	/	2 )	/	86.944	*	365 / 4
=	44.707					/	86.944	*	365 / 4
=	46.92

Guangdong Modern High-Tech Fiber Co Days Payable Related Terms

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Guangdong Modern High-Tech Fiber Co (SZSE:300876) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Guangdong Modern High-Tech Fiber Co Ltd (SZSE:300876) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Xipian Industrial Zone, Jiedong City, Guangdong Province, Jieyang, CHN, 515500

Website

http://www.gdguangdong.com

Guangdong Modern High-Tech Fiber Co Ltd is engaged in production and sales of polypropylene fiber. The company's product categories include MODERNS PP Microfiber; Differential Fiber PP Yarn; PP intermingled FDY; PP Profiled Yarn; PP Twisted Yarn; PP BCF YARN; and PP ATY.

Executives

Zhu Shao Fen	Directors, executives
Zheng Xiao Yi	Executives

Guangdong Modern High-Tech Fiber Co (SZSE:300876) Headlines

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