Zhejiang Founder Motor Co (SZSE:002196) Days Payable : 333.63 (As of Mar. 2024)

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What is Zhejiang Founder Motor Co Days Payable?

Zhejiang Founder Motor Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,540 Mil. Zhejiang Founder Motor Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥421 Mil. Hence, Zhejiang Founder Motor Co's Days Payable for the three months ended in Mar. 2024 was 333.63.

The historical rank and industry rank for Zhejiang Founder Motor Co's Days Payable or its related term are showing as below:

SZSE:002196' s Days Payable Range Over the Past 10 Years
Min: 135.27 Med: 176.79 Max: 253.04
Current: 238.55

During the past 13 years, Zhejiang Founder Motor Co's highest Days Payable was 253.04. The lowest was 135.27. And the median was 176.79.

SZSE:002196's Days Payable is ranked better than
91.31% of 2935 companies
in the Industrial Products industry
Industry Median: 76.43 vs SZSE:002196: 238.55

Zhejiang Founder Motor Co's Days Payable declined from Mar. 2023 (350.36) to Mar. 2024 (333.63). It may suggest that Zhejiang Founder Motor Co accelerated paying its suppliers.

Zhejiang Founder Motor Co Days Payable Historical Data

The historical data trend for Zhejiang Founder Motor 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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Zhejiang Founder Motor Co Days Payable Chart

Zhejiang Founder Motor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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188.65

193.58

188.91

232.94

253.04

Zhejiang Founder Motor 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															350.36	261.70	221.09	165.99	333.63

Competitive Comparison of Zhejiang Founder Motor Co's Days Payable

For the Specialty Industrial Machinery subindustry, Zhejiang Founder Motor 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.

Zhejiang Founder Motor Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Founder Motor Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Founder Motor Co's Days Payable falls into.

Zhejiang Founder Motor 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.

Zhejiang Founder Motor 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
=	( (1459.331	+	1454.344)	/	2 )	/	2101.463	*	365
=	1456.8375					/	2101.463	*	365
=	253.04

Zhejiang Founder Motor 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
=	( (1454.344	+	1625.826)	/	2 )	/	421.221	*	365 / 4
=	1540.085					/	421.221	*	365 / 4
=	333.63

Zhejiang Founder Motor Co Days Payable Related Terms

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Zhejiang Founder Motor Co (SZSE:002196) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Founder Motor Co Ltd (SZSE:002196) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 24 Tianning Industrial Zone, Lishui, Zhejiang, CHN, 323000

Website

http://www.fdm.com.cn

Zhejiang Founder Motor Co Ltd is a China-based company engaged in research and development, production and sale of micro special motors. The company is also specialized in energy-saving and new-energy vehicle drivetrains and automotive control systems. Its products include EV motors, automotive motors, energy vehicle motor drives, energy commercial vehicle drive systems, and car controls. The company's products are used in low-speed electric vehicles, light trucks, low-voltage electric vehicles, passenger cars and engineering vehicles.

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