Qudian (Qudian) Days Payable : 157.93 (As of Dec. 2023)

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What is Qudian Days Payable?

Qudian's average Accounts Payable for the three months ended in Dec. 2023 was $18.99 Mil. Qudian's Cost of Goods Sold for the three months ended in Dec. 2023 was $10.97 Mil. Hence, Qudian's Days Payable for the three months ended in Dec. 2023 was 157.93.

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

QD' s Days Payable Range Over the Past 10 Years
Min: 16.44 Med: 50.52 Max: 280.89
Current: 280.89

During the past 9 years, Qudian's highest Days Payable was 280.89. The lowest was 16.44. And the median was 50.52.

QD's Days Payable is ranked better than
81.98% of 283 companies
in the Credit Services industry
Industry Median: 48.78 vs QD: 280.89

Qudian's Days Payable increased from Dec. 2022 (133.65) to Dec. 2023 (157.93). It may suggest that Qudian delayed paying its suppliers.

Qudian Days Payable Historical Data

The historical data trend for Qudian'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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Qudian Days Payable Chart

Qudian Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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40.63

28.20

97.03

108.62

280.51

Qudian 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															133.65	426.69	-	-	157.93

Competitive Comparison of Qudian's Days Payable

For the Credit Services subindustry, Qudian'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.

Qudian's Days Payable Distribution in the Credit Services Industry

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

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

Qudian 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.

Qudian'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
=	( (15.473	+	18.993)	/	2 )	/	22.424	*	365
=	17.233					/	22.424	*	365
=	280.51

Qudian'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
=	( (0	+	18.993)	/	1 )	/	10.974	*	365 / 4
=	18.993					/	10.974	*	365 / 4
=	157.93

Qudian Days Payable Related Terms

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Qudian (Qudian) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Qudian Inc (NYSE:QD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0A2T:UK 1QU:Germany

Address

Tower A, AVIC Zijin Plaza, Siming District, Fujian Province, Xiamen, CHN, 361000

Website

https://www.qudian.com

Qudian Inc is a consumer-oriented technology company engaged in the operation of online platforms to provide small consumer credit products in the People's Republic of China. The Group's cash credit products comprised short-term, unsecured lines of credit that could be drawn down at any time, subject to the Group's approval at the time of each drawdown request. Borrowers were typically charged financing service fees for cash credit drawdowns. It derives a majority of its revenue from the People's Republic of China.