Niu Technologies (Niu Technologies) Days Payable : 154.25 (As of Dec. 2023)

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What is Niu Technologies Days Payable?

Niu Technologies's average Accounts Payable for the three months ended in Dec. 2023 was $91.8 Mil. Niu Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $54.3 Mil. Hence, Niu Technologies's Days Payable for the three months ended in Dec. 2023 was 154.25.

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

NIU' s Days Payable Range Over the Past 10 Years
Min: 49.38 Med: 60.31 Max: 96.64
Current: 96.64

During the past 8 years, Niu Technologies's highest Days Payable was 96.64. The lowest was 49.38. And the median was 60.31.

NIU's Days Payable is ranked better than
70.66% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.81 vs NIU: 96.64

Niu Technologies's Days Payable increased from Dec. 2022 (122.32) to Dec. 2023 (154.25). It may suggest that Niu Technologies delayed paying its suppliers.

Niu Technologies Days Payable Historical Data

The historical data trend for Niu Technologies'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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Niu Technologies Days Payable Chart

Niu Technologies Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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58.93

61.69

58.34

76.64

91.76

Niu Technologies 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															122.32	122.56	69.33	80.69	154.25

Competitive Comparison of Niu Technologies's Days Payable

For the Auto Manufacturers subindustry, Niu Technologies'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.

Niu Technologies's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Niu Technologies's Days Payable falls into.

Niu Technologies 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.

Niu Technologies'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
=	( (65.905	+	80.631)	/	2 )	/	291.45	*	365
=	73.268					/	291.45	*	365
=	91.76

Niu Technologies'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
=	( (102.96	+	80.631)	/	2 )	/	54.304	*	365 / 4
=	91.7955					/	54.304	*	365 / 4
=	154.25

Niu Technologies Days Payable Related Terms

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Niu Technologies (Niu Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Niu Technologies (NAS:NIU) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0O9:Germany

Address

No. 195 Huilongguan East Road, No.1 Building, Changping District, Beijing, CHN, 102208

Website

https://www.niu.com

Niu Technologies designs, manufactures and sells high-performance electric motorcycles, scooters, bicycles, and kick-scooters. The company has a product portfolio consisting of ten series, four electric scooter series, including NQi, MQi, UQi, and Gova, two urban commuter electric motorcycle series RQi and TQi, a hybrid motorcycles series YQi, a performance electric bicycle series, NIU Aero, and two micro-mobility series, the kick-scooter series, KQi, and the e-bike series, BQi. The group's principal operations and geographic markets are mainly in the People's Republic of China.