GKG Precision Machine Co (SZSE:301338) Days Payable : 416.49 (As of Jun. 2024)

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What is GKG Precision Machine Co Days Payable?

GKG Precision Machine Co's average Accounts Payable for the three months ended in Jun. 2024 was ¥643.8 Mil. GKG Precision Machine Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥141.1 Mil. Hence, GKG Precision Machine Co's Days Payable for the three months ended in Jun. 2024 was 416.49.

The historical rank and industry rank for GKG Precision Machine Co's Days Payable or its related term are showing as below:

SZSE:301338' s Days Payable Range Over the Past 10 Years
Min: 192.55 Med: 253.58 Max: 346.26
Current: 346.26

During the past 7 years, GKG Precision Machine Co's highest Days Payable was 346.26. The lowest was 192.55. And the median was 253.58.

SZSE:301338's Days Payable is ranked better than
96.64% of 2944 companies
in the Industrial Products industry
Industry Median: 75.425 vs SZSE:301338: 346.26

GKG Precision Machine Co's Days Payable increased from Jun. 2023 (259.87) to Jun. 2024 (416.49). It may suggest that GKG Precision Machine Co delayed paying its suppliers.

GKG Precision Machine Co Days Payable Historical Data

The historical data trend for GKG Precision Machine 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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GKG Precision Machine Co Days Payable Chart

GKG Precision Machine Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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202.87

253.58

228.82

275.40

316.73

GKG Precision Machine Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															259.87	404.72	205.63	536.50	416.49

Competitive Comparison of GKG Precision Machine Co's Days Payable

For the Specialty Industrial Machinery subindustry, GKG Precision Machine 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.

GKG Precision Machine Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, GKG Precision Machine Co's Days Payable distribution charts can be found below:

* The bar in red indicates where GKG Precision Machine Co's Days Payable falls into.

GKG Precision Machine 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.

GKG Precision Machine 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
=	( (315.339	+	571.501)	/	2 )	/	511.002	*	365
=	443.42					/	511.002	*	365
=	316.73

GKG Precision Machine Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (631.326	+	656.353)	/	2 )	/	141.059	*	365 / 4
=	643.8395					/	141.059	*	365 / 4
=	416.49

GKG Precision Machine Co Days Payable Related Terms

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GKG Precision Machine Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GKG Precision Machine Co Ltd (SZSE:301338) » Definitions » Days Payable

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Traded in Other Exchanges

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Address

No. 2 Shalang Road, Dongcheng Street, Guangdong Province, Dongguan, CHN, 523000

Website

http://www.gkg.cn

GKG Precision Machine Co Ltd is a manufacturing and process solution provider focusing on the research and development, production, sales and service of high end precision automation equipment, and a national high-tech enterprise. The company owns Precision Solder Paste Printing Equipment Division, High Speed ??Precision Dispensing Equipment Division, Precision Packaging Equipment Division, and Flexible Manufacturing System Division.

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