Sinomach Automobile Co (SHSE:600335) Days Payable : 122.29 (As of Mar. 2024)

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What is Sinomach Automobile Co Days Payable?

Sinomach Automobile Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥11,903 Mil. Sinomach Automobile Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥8,882 Mil. Hence, Sinomach Automobile Co's Days Payable for the three months ended in Mar. 2024 was 122.29.

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

SHSE:600335' s Days Payable Range Over the Past 10 Years
Min: 25.04 Med: 72.6 Max: 112.34
Current: 109.4

During the past 13 years, Sinomach Automobile Co's highest Days Payable was 112.34. The lowest was 25.04. And the median was 72.60.

SHSE:600335's Days Payable is ranked better than
75.61% of 1263 companies
in the Vehicles & Parts industry
Industry Median: 65.48 vs SHSE:600335: 109.40

Sinomach Automobile Co's Days Payable increased from Mar. 2023 (98.60) to Mar. 2024 (122.29). It may suggest that Sinomach Automobile Co delayed paying its suppliers.

Sinomach Automobile Co Days Payable Historical Data

The historical data trend for Sinomach Automobile 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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Sinomach Automobile Co Days Payable Chart

Sinomach Automobile Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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99.37

112.34

77.36

93.69

110.72

Sinomach Automobile 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															98.60	92.37	112.45	130.97	122.29

Competitive Comparison of Sinomach Automobile Co's Days Payable

For the Auto & Truck Dealerships subindustry, Sinomach Automobile 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.

Sinomach Automobile Co's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Sinomach Automobile Co's Days Payable falls into.

Sinomach Automobile 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.

Sinomach Automobile 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
=	( (11316.953	+	13190.822)	/	2 )	/	40394.547	*	365
=	12253.8875					/	40394.547	*	365
=	110.72

Sinomach Automobile 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
=	( (13190.822	+	10616.114)	/	2 )	/	8882.235	*	365 / 4
=	11903.468					/	8882.235	*	365 / 4
=	122.29

Sinomach Automobile Co Days Payable Related Terms

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Sinomach Automobile Co (SHSE:600335) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sinomach Automobile Co Ltd (SHSE:600335) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5 Haitainan North Street, Huayuan Technology Park, New and High-Tech Industrial Development Zone, Tianjin, Tianjin, CHN, 300384

Website

http://www.sinomach-auto.com

Sinomach Automobile Co Ltd covers multi-brand automotive import trade services, automotive engineering contracting and technical services, car rental and second-hand car services, automotive retail services, and other fields. The company mainly sells imported Volkswagen, Chrysler, Jaguar Land Rover, Ford, and other brands of vehicles. It generates the majority of its revenue from the Automotive trade business.

Sinomach Automobile Co (SHSE:600335) Headlines

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