Changzhou Xingyu Automotive Lighting Systems Co (SHSE:601799) Days Payable : 213.14 (As of Mar. 2024)

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What is Changzhou Xingyu Automotive Lighting Systems Co Days Payable?

Changzhou Xingyu Automotive Lighting Systems Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥4,528 Mil. Changzhou Xingyu Automotive Lighting Systems Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,939 Mil. Hence, Changzhou Xingyu Automotive Lighting Systems Co's Days Payable for the three months ended in Mar. 2024 was 213.14.

The historical rank and industry rank for Changzhou Xingyu Automotive Lighting Systems Co's Days Payable or its related term are showing as below:

SHSE:601799' s Days Payable Range Over the Past 10 Years
Min: 173.46 Med: 190.33 Max: 219.61
Current: 173.66

During the past 13 years, Changzhou Xingyu Automotive Lighting Systems Co's highest Days Payable was 219.61. The lowest was 173.46. And the median was 190.33.

SHSE:601799's Days Payable is ranked better than
88.5% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs SHSE:601799: 173.66

Changzhou Xingyu Automotive Lighting Systems Co's Days Payable declined from Mar. 2023 (221.39) to Mar. 2024 (213.14). It may suggest that Changzhou Xingyu Automotive Lighting Systems Co accelerated paying its suppliers.

Changzhou Xingyu Automotive Lighting Systems Co Days Payable Historical Data

The historical data trend for Changzhou Xingyu Automotive Lighting Systems 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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Changzhou Xingyu Automotive Lighting Systems Co Days Payable Chart

Changzhou Xingyu Automotive Lighting Systems Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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208.43

219.61

206.66

209.39

189.06

Changzhou Xingyu Automotive Lighting Systems 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															221.39	168.31	158.39	161.89	213.14

Competitive Comparison of Changzhou Xingyu Automotive Lighting Systems Co's Days Payable

For the Auto Parts subindustry, Changzhou Xingyu Automotive Lighting Systems 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.

Changzhou Xingyu Automotive Lighting Systems Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Changzhou Xingyu Automotive Lighting Systems Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Changzhou Xingyu Automotive Lighting Systems Co's Days Payable falls into.

Changzhou Xingyu Automotive Lighting Systems 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.

Changzhou Xingyu Automotive Lighting Systems 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
=	( (3840.678	+	4527.247)	/	2 )	/	8077.398	*	365
=	4183.9625					/	8077.398	*	365
=	189.06

Changzhou Xingyu Automotive Lighting Systems 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
=	( (4527.247	+	4528.629)	/	2 )	/	1938.517	*	365 / 4
=	4527.938					/	1938.517	*	365 / 4
=	213.14

Changzhou Xingyu Automotive Lighting Systems Co Days Payable Related Terms

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Changzhou Xingyu Automotive Lighting Systems Co (SHSE:601799) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Changzhou Xingyu Automotive Lighting Systems Co Ltd (SHSE:601799) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 182 Qinling Road, Xinbei District, Jiangsu, Changzhou, CHN, 213022

Website

http://www.en.xyl.cn

Changzhou Xingyu Automotive Lighting Systems Co Ltd specializes in the development, manufacturing, and sale of automotive lighting in China. The company has various type of equipment namely large injection molding machines, multicolor injection molding machines, plastic surface photo-curing lines, robot gluing and paining stations, vibration, and friction welding machines, vacuum aluminum plating machines and other.

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