Zhongsheng Group Holdings (HKSE:00881) Days Payable : 21.47 (As of Jun. 2023)

View and export this data going back to 2010. Start your Free Trial

What is Zhongsheng Group Holdings Days Payable?

Zhongsheng Group Holdings's average Accounts Payable for the six months ended in Jun. 2023 was HK$9,644 Mil. Zhongsheng Group Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$81,959 Mil. Hence, Zhongsheng Group Holdings's Days Payable for the six months ended in Jun. 2023 was 21.47.

The historical rank and industry rank for Zhongsheng Group Holdings's Days Payable or its related term are showing as below:

HKSE:00881' s Days Payable Range Over the Past 10 Years
Min: 11.98 Med: 16.53 Max: 28.88
Current: 21.08

During the past 13 years, Zhongsheng Group Holdings's highest Days Payable was 28.88. The lowest was 11.98. And the median was 16.53.

HKSE:00881's Days Payable is ranked worse than
91.75% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs HKSE:00881: 21.08

Zhongsheng Group Holdings's Days Payable increased from Jun. 2022 (15.03) to Jun. 2023 (21.47). It may suggest that Zhongsheng Group Holdings delayed paying its suppliers.

Zhongsheng Group Holdings Days Payable Historical Data

The historical data trend for Zhongsheng Group Holdings'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.

* Premium members only.

Zhongsheng Group Holdings Days Payable Chart

Zhongsheng Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

15.87

12.93

11.98

15.81

21.41

Zhongsheng Group Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															10.45	15.03	16.53	21.47	20.44

Competitive Comparison of Zhongsheng Group Holdings's Days Payable

For the Auto & Truck Dealerships subindustry, Zhongsheng Group Holdings'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.

Zhongsheng Group Holdings's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zhongsheng Group Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhongsheng Group Holdings's Days Payable falls into.

Zhongsheng Group Holdings 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.

Zhongsheng Group Holdings's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (6685.587	+	9163.648)	/	2 )	/	182946.21	*	365
=	7924.6175					/	182946.21	*	365
=	15.81

Zhongsheng Group Holdings's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (9163.648	+	10124.095)	/	2 )	/	81959.042	*	365 / 2
=	9643.8715					/	81959.042	*	365 / 2
=	21.47

Zhongsheng Group Holdings Days Payable Related Terms

Thank you for viewing the detailed overview of Zhongsheng Group Holdings's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhongsheng Group Holdings (HKSE:00881) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhongsheng Group Holdings Ltd (HKSE:00881) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ZSHGY:USA 5Z0:Germany

Address

No. 20 Hequ Street, Shahekou District, Dalian, CHN, 116000

Website

https://www.zs-group.com.cn

Zhongsheng Group Holdings Ltd is an automobile dealer in China. The company is focused on luxury and mid-to-high end automobile brands including luxury brands of Mercedes-Benz, Lexus and Audi, Porsche and Landrover, and mid-to-high end brands of Toyota, Nissan, and Volkswagen, Chrysler. It provides sales and services for motor vehicles.

Zhongsheng Group Holdings (HKSE:00881) Headlines

No Headlines