Fuyao Glass Industry Group Co (SHSE:600660) Days Payable : 89.84 (As of Mar. 2024)

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What is Fuyao Glass Industry Group Co Days Payable?

Fuyao Glass Industry Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥5,496 Mil. Fuyao Glass Industry Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,582 Mil. Hence, Fuyao Glass Industry Group Co's Days Payable for the three months ended in Mar. 2024 was 89.84.

The historical rank and industry rank for Fuyao Glass Industry Group Co's Days Payable or its related term are showing as below:

SHSE:600660' s Days Payable Range Over the Past 10 Years
Min: 63.09 Med: 67.6 Max: 82.43
Current: 79.51

During the past 13 years, Fuyao Glass Industry Group Co's highest Days Payable was 82.43. The lowest was 63.09. And the median was 67.60.

SHSE:600660's Days Payable is ranked better than
60.51% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs SHSE:600660: 79.51

Fuyao Glass Industry Group Co's Days Payable increased from Mar. 2023 (80.02) to Mar. 2024 (89.84). It may suggest that Fuyao Glass Industry Group Co delayed paying its suppliers.

Fuyao Glass Industry Group Co Days Payable Historical Data

The historical data trend for Fuyao Glass Industry 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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Fuyao Glass Industry Group Co Days Payable Chart

Fuyao Glass Industry Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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63.09

65.88

67.72

71.89

82.43

Fuyao Glass Industry 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															80.02	75.33	77.78	81.76	89.84

Competitive Comparison of Fuyao Glass Industry Group Co's Days Payable

For the Auto Parts subindustry, Fuyao Glass Industry 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.

Fuyao Glass Industry Group Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Fuyao Glass Industry Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Fuyao Glass Industry Group Co's Days Payable falls into.

Fuyao Glass Industry 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.

Fuyao Glass Industry 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
=	( (4153.71	+	5522.987)	/	2 )	/	21424.326	*	365
=	4838.3485					/	21424.326	*	365
=	82.43

Fuyao Glass Industry 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
=	( (5522.987	+	5469.244)	/	2 )	/	5582.454	*	365 / 4
=	5496.1155					/	5582.454	*	365 / 4
=	89.84

Fuyao Glass Industry Group Co Days Payable Related Terms

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Fuyao Glass Industry Group Co (SHSE:600660) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fuyao Glass Industry Group Co Ltd (SHSE:600660) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FYGGY:USA 03606:Hong Kong 4FG:Germany

Address

Fuyao Industrial Zone II, Fujian Province, Fuqing, CHN, 350301

Website

https://www.fuyaogroup.com

Fuyao Glass Industry Group Co Ltd manufactures and sells glass to be fitted in automobiles. The company is principally engaged in providing total solutions of safety glass and automotive accessories for various transportation vehicles, including the design, manufacture, and sale of automotive grade float glass, automotive glass, locomotive glass, luggage racks, vehicle window trims, and provision of relevant services. The Company's product portfolio consists of automobile glasses, such as coating glasses and others, which are applied in passenger cars, buses, limousines and others, and float glasses. The Company distributes its products within domestic markets and overseas markets. Geographically, it derives a majority of its revenue from China.

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