China Grand Automotive Services Group Co (SHSE:600297) Days Payable : 44.87 (As of Mar. 2024)

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What is China Grand Automotive Services Group Co Days Payable?

China Grand Automotive Services Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥12,436 Mil. China Grand Automotive Services Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥25,292 Mil. Hence, China Grand Automotive Services Group Co's Days Payable for the three months ended in Mar. 2024 was 44.87.

The historical rank and industry rank for China Grand Automotive Services Group Co's Days Payable or its related term are showing as below:

SHSE:600297' s Days Payable Range Over the Past 10 Years
Min: 38.22 Med: 68.19 Max: 77.72
Current: 40.07

During the past 13 years, China Grand Automotive Services Group Co's highest Days Payable was 77.72. The lowest was 38.22. And the median was 68.19.

SHSE:600297's Days Payable is ranked worse than
76.05% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs SHSE:600297: 40.07

China Grand Automotive Services Group Co's Days Payable declined from Mar. 2023 (54.62) to Mar. 2024 (44.87). It may suggest that China Grand Automotive Services Group Co accelerated paying its suppliers.

China Grand Automotive Services Group Co Days Payable Historical Data

The historical data trend for China Grand Automotive Services Group 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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China Grand Automotive Services Group Co Days Payable Chart

China Grand Automotive Services Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

71.26

75.89

70.87

65.58

47.08

China Grand Automotive Services Group 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															54.62	40.85	39.30	38.17	44.87

Competitive Comparison of China Grand Automotive Services Group Co's Days Payable

For the Auto & Truck Dealerships subindustry, China Grand Automotive Services Group 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.

China Grand Automotive Services Group Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China Grand Automotive Services Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China Grand Automotive Services Group Co's Days Payable falls into.

China Grand Automotive Services Group 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.

China Grand Automotive Services Group 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
=	( (18748.867	+	13898.126)	/	2 )	/	126556.049	*	365
=	16323.4965					/	126556.049	*	365
=	47.08

China Grand Automotive Services Group 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
=	( (13898.126	+	10973.456)	/	2 )	/	25292.292	*	365 / 4
=	12435.791					/	25292.292	*	365 / 4
=	44.87

China Grand Automotive Services Group Co Days Payable Related Terms

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China Grand Automotive Services Group Co (SHSE:600297) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Grand Automotive Services Group Co Ltd (SHSE:600297) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3998 Hongjing Road, Baoxin Building, Hongqiao Town, Minhang District, Shanghai, CHN, 201103

Website

http://www.chinagrandauto.com

China Grand Automotive Services Group Co Ltd is a vehicle dealership and automotive services company. It owns and operates vehicle dealership groups in China. It retails new and used as well as spare parts; rents cars; and provides after-sales service. The company is based in Shanghai, China.

China Grand Automotive Services Group Co (SHSE:600297) Headlines

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