Hunan Dezhong Automotiveles Service Co (BJSE:838030) Days Payable : 35.90 (As of Mar. 2024)

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What is Hunan Dezhong Automotiveles Service Co Days Payable?

Hunan Dezhong Automotiveles Service Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥218 Mil. Hunan Dezhong Automotiveles Service Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥555 Mil. Hence, Hunan Dezhong Automotiveles Service Co's Days Payable for the three months ended in Mar. 2024 was 35.90.

The historical rank and industry rank for Hunan Dezhong Automotiveles Service Co's Days Payable or its related term are showing as below:

BJSE:838030' s Days Payable Range Over the Past 10 Years
Min: 2.36 Med: 8.85 Max: 40.07
Current: 34.38

During the past 10 years, Hunan Dezhong Automotiveles Service Co's highest Days Payable was 40.07. The lowest was 2.36. And the median was 8.85.

BJSE:838030's Days Payable is ranked worse than
81.44% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs BJSE:838030: 34.38

Hunan Dezhong Automotiveles Service Co's Days Payable declined from Mar. 2023 (44.50) to Mar. 2024 (35.90). It may suggest that Hunan Dezhong Automotiveles Service Co accelerated paying its suppliers.

Hunan Dezhong Automotiveles Service Co Days Payable Historical Data

The historical data trend for Hunan Dezhong Automotiveles Service 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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Hunan Dezhong Automotiveles Service Co Days Payable Chart

Hunan Dezhong Automotiveles Service Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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8.01

8.68

16.16

32.93

40.07

Hunan Dezhong Automotiveles Service 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															44.50	35.14	32.93	34.09	35.90

Competitive Comparison of Hunan Dezhong Automotiveles Service Co's Days Payable

For the Auto & Truck Dealerships subindustry, Hunan Dezhong Automotiveles Service 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.

Hunan Dezhong Automotiveles Service Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hunan Dezhong Automotiveles Service Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hunan Dezhong Automotiveles Service Co's Days Payable falls into.

Hunan Dezhong Automotiveles Service 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.

Hunan Dezhong Automotiveles Service 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
=	( (272.931	+	259.941)	/	2 )	/	2427.108	*	365
=	266.436					/	2427.108	*	365
=	40.07

Hunan Dezhong Automotiveles Service 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
=	( (259.941	+	176.514)	/	2 )	/	554.611	*	365 / 4
=	218.2275					/	554.611	*	365 / 4
=	35.90

Hunan Dezhong Automotiveles Service Co Days Payable Related Terms

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Hunan Dezhong Automotiveles Service Co (BJSE:838030) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hunan Dezhong Automotive Sales Service Co Ltd (BJSE:838030) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hecheng Branch, Huaihua Industrial Park, Yazuiyan Logistics Industrial Zone, Hecheng District, Hunan Province, Huaihua, CHN

Website

http://www.hndzgf.com

Hunan Dezhong Automotive Sales Service Co Ltd is engaged in an Automobile company. The company also offers auto after-sales maintenance services, auto parts sales, and auto beauty and decoration services.

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