Weichai Heavy Machinery Co (SZSE:000880) Days Payable : 308.49 (As of Mar. 2024)

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What is Weichai Heavy Machinery Co Days Payable?

Weichai Heavy Machinery Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,586 Mil. Weichai Heavy Machinery Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥765 Mil. Hence, Weichai Heavy Machinery Co's Days Payable for the three months ended in Mar. 2024 was 308.49.

The historical rank and industry rank for Weichai Heavy Machinery Co's Days Payable or its related term are showing as below:

SZSE:000880' s Days Payable Range Over the Past 10 Years
Min: 183.68 Med: 264.91 Max: 324.06
Current: 274.37

During the past 13 years, Weichai Heavy Machinery Co's highest Days Payable was 324.06. The lowest was 183.68. And the median was 264.91.

SZSE:000880's Days Payable is ranked better than
94.34% of 2931 companies
in the Industrial Products industry
Industry Median: 76.43 vs SZSE:000880: 274.37

Weichai Heavy Machinery Co's Days Payable increased from Mar. 2023 (264.72) to Mar. 2024 (308.49). It may suggest that Weichai Heavy Machinery Co delayed paying its suppliers.

Weichai Heavy Machinery Co Days Payable Historical Data

The historical data trend for Weichai Heavy Machinery 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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Weichai Heavy Machinery Co Days Payable Chart

Weichai Heavy Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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322.37

265.03

250.68

262.88

264.79

Weichai Heavy Machinery Co Quarterly Data
	Jun19	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															264.72	246.80	284.21	266.52	308.49

Competitive Comparison of Weichai Heavy Machinery Co's Days Payable

For the Specialty Industrial Machinery subindustry, Weichai Heavy Machinery 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.

Weichai Heavy Machinery Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Weichai Heavy Machinery Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Weichai Heavy Machinery Co's Days Payable falls into.

Weichai Heavy Machinery 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.

Weichai Heavy Machinery 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
=	( (2241.111	+	2556.131)	/	2 )	/	3306.347	*	365
=	2398.621					/	3306.347	*	365
=	264.79

Weichai Heavy Machinery 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
=	( (2556.131	+	2615.451)	/	2 )	/	764.859	*	365 / 4
=	2585.791					/	764.859	*	365 / 4
=	308.49

Weichai Heavy Machinery Co Days Payable Related Terms

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Weichai Heavy Machinery Co (SZSE:000880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Weichai Heavy Machinery Co Ltd (SZSE:000880) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 26 Minsheng East Street, Shandong Province, Weifang, CHN, 261001

Website

http://www.weichaihm.com

Weichai Heavy Machinery Co Ltd is a China-based company engaged in developing, manufacturing and selling marine power and power generating units. Its product portfolio includes medium-speed diesel engines, power generating sets, powertrain system for marine power, generating device market, diesel engine parts and marine gearbox parts. The company provides core power and complete solutions to the global shipping and energy electricity market.

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