Sunfonda Group Holdings (HKSE:01771) Days Payable : 27.15 (As of Dec. 2023)

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What is Sunfonda Group Holdings Days Payable?

Sunfonda Group Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$903 Mil. Sunfonda Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$6,073 Mil. Hence, Sunfonda Group Holdings's Days Payable for the six months ended in Dec. 2023 was 27.15.

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

HKSE:01771' s Days Payable Range Over the Past 10 Years
Min: 12.38 Med: 22.73 Max: 40.66
Current: 24.7

During the past 11 years, Sunfonda Group Holdings's highest Days Payable was 40.66. The lowest was 12.38. And the median was 22.73.

HKSE:01771's Days Payable is ranked worse than
89.29% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs HKSE:01771: 24.70

Sunfonda Group Holdings's Days Payable increased from Dec. 2022 (20.22) to Dec. 2023 (27.15). It may suggest that Sunfonda Group Holdings delayed paying its suppliers.

Sunfonda Group Holdings Days Payable Historical Data

The historical data trend for Sunfonda 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.

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Sunfonda Group Holdings Days Payable Chart

Sunfonda Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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23.49

22.84

20.74

21.00

22.73

Sunfonda 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															19.95	26.11	20.22	24.07	27.15

Competitive Comparison of Sunfonda Group Holdings's Days Payable

For the Auto & Truck Dealerships subindustry, Sunfonda 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.

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

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

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

Sunfonda 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.

Sunfonda Group Holdings'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
=	( (537.486	+	900.486)	/	2 )	/	11547.776	*	365
=	718.986					/	11547.776	*	365
=	22.73

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

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (906.298	+	900.486)	/	2 )	/	6073.43	*	365 / 2
=	903.392					/	6073.43	*	365 / 2
=	27.15

Sunfonda Group Holdings Days Payable Related Terms

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Sunfonda Group Holdings (HKSE:01771) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sunfonda Group Holdings Ltd (HKSE:01771) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1555 Ouya 1st Road, Sunfonda Automobile Center, Beichen Avenue, Shaanxi Province, Chanba Ecological District, Xi’an, CHN, 710021

Website

https://www.sunfonda.com.cn

Sunfonda Group Holdings Ltd is an investment holding company. The company and its subsidiaries are principally engaged in the sale and service of luxury and ultra-luxury car brands in Mainland China. The Group operates in one business unit based on its products, and has one reportable segment, which is the sale of motor vehicles and the provision of related services. In 2021, the Linxia GAC Toyota store in Gansu, the Wuhan BMW store, the Wuxi GAC Toyota store, were successively put into operation, of which the Wuhan BMW Store has the first 4S store of the Group in Central China. In addition, the Group has been authorized to set up new stores including Xi'an Porsche, Yinchuan BMW and Xining BMW and pending commencement of business.

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