LexinFintech Holdings (LexinFintech Holdings) Days Payable : 23.01 (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

What is LexinFintech Holdings Days Payable?

LexinFintech Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $80 Mil. LexinFintech Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $315 Mil. Hence, LexinFintech Holdings's Days Payable for the three months ended in Dec. 2023 was 23.01.

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

LX' s Days Payable Range Over the Past 10 Years
Min: 4.54 Med: 36.84 Max: 79.01
Current: 13.9

During the past 9 years, LexinFintech Holdings's highest Days Payable was 79.01. The lowest was 4.54. And the median was 36.84.

LX's Days Payable is ranked worse than
77.39% of 283 companies
in the Credit Services industry
Industry Median: 48.78 vs LX: 13.90

LexinFintech Holdings's Days Payable increased from Dec. 2022 (10.04) to Dec. 2023 (23.01). It may suggest that LexinFintech Holdings delayed paying its suppliers.

LexinFintech Holdings Days Payable Historical Data

The historical data trend for LexinFintech 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.

LexinFintech Holdings Days Payable Chart

LexinFintech Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

79.01

42.51

36.84

23.82

32.88

LexinFintech Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															10.04	9.66	1.73	1.17	23.01

Competitive Comparison of LexinFintech Holdings's Days Payable

For the Credit Services subindustry, LexinFintech 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.

LexinFintech Holdings's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, LexinFintech Holdings's Days Payable distribution charts can be found below:

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

LexinFintech 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.

LexinFintech 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
=	( (58.596	+	157.013)	/	2 )	/	1196.607	*	365
=	107.8045					/	1196.607	*	365
=	32.88

LexinFintech 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.991	+	157.013)	/	2 )	/	315.308	*	365 / 4
=	79.502					/	315.308	*	365 / 4
=	23.01

LexinFintech Holdings Days Payable Related Terms

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

LexinFintech Holdings (LexinFintech Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » LexinFintech Holdings Ltd (NAS:LX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

1LFA:Germany

Address

No. 3099 Keyuan South Road, 27th Floor, China Energy Storage Tower, Nanshan District, Shenzhen, CHN, 518057

Website

http://ir.lexin.com

LexinFintech Holdings Ltd is an online consumer finance platform and a technology-driven service provider in China. The group is engaged in online direct sales services and online consumer financial services for its customers in China. It offers online direct sales with installment payment terms and offers installment purchase loans and personal installment loans mainly through its retail and online consumer finance platform www.fenqile.com, and its mobile application to young adults between the age of 18 and 36 in the People's Republic of China. The company also finances the loans with proceeds from partnering with peer-to-peer lending platforms, commercial banks, and other financial institutions. Geographically, it derives revenue from China.