Aeolus Tyre Co (SHSE:600469) Days Payable : 149.74 (As of Mar. 2024)

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What is Aeolus Tyre Co Days Payable?

Aeolus Tyre Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,965 Mil. Aeolus Tyre Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,198 Mil. Hence, Aeolus Tyre Co's Days Payable for the three months ended in Mar. 2024 was 149.74.

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

SHSE:600469' s Days Payable Range Over the Past 10 Years
Min: 81.44 Med: 158.18 Max: 193.8
Current: 155.24

During the past 13 years, Aeolus Tyre Co's highest Days Payable was 193.80. The lowest was 81.44. And the median was 158.18.

SHSE:600469's Days Payable is ranked better than
86.35% of 1260 companies
in the Vehicles & Parts industry
Industry Median: 66.48 vs SHSE:600469: 155.24

Aeolus Tyre Co's Days Payable declined from Mar. 2023 (174.74) to Mar. 2024 (149.74). It may suggest that Aeolus Tyre Co accelerated paying its suppliers.

Aeolus Tyre Co Days Payable Historical Data

The historical data trend for Aeolus Tyre 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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Aeolus Tyre Co Days Payable Chart

Aeolus Tyre Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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163.36

190.93

182.34

193.80

157.32

Aeolus Tyre 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															174.74	153.84	166.14	155.58	149.74

Competitive Comparison of Aeolus Tyre Co's Days Payable

For the Auto Parts subindustry, Aeolus Tyre 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.

Aeolus Tyre Co's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Aeolus Tyre Co's Days Payable falls into.

Aeolus Tyre 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.

Aeolus Tyre 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
=	( (1998.853	+	1980.338)	/	2 )	/	4616.091	*	365
=	1989.5955					/	4616.091	*	365
=	157.32

Aeolus Tyre 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
=	( (1980.338	+	1950.542)	/	2 )	/	1197.683	*	365 / 4
=	1965.44					/	1197.683	*	365 / 4
=	149.74

Aeolus Tyre Co Days Payable Related Terms

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Aeolus Tyre Co (SHSE:600469) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Aeolus Tyre Co Ltd (SHSE:600469) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 48 Jiaodong South Road, Jiaozuo, Henan, CHN, 454003

Website

http://www.aeolustyre.com

Aeolus Tyre Co Ltd is engaged in the business of manufacturing tyres. The company specializes in producing and selling tyres for commercial vehicles and earth-moving machineries.

Executives

Shen Hong Liang

Director

Aeolus Tyre Co (SHSE:600469) Headlines

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