Shandong Linglong Tyre Co (SHSE:601966) Days Payable : 129.00 (As of Mar. 2024)

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What is Shandong Linglong Tyre Co Days Payable?

Shandong Linglong Tyre Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥5,461 Mil. Shandong Linglong Tyre Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,863 Mil. Hence, Shandong Linglong Tyre Co's Days Payable for the three months ended in Mar. 2024 was 129.00.

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

SHSE:601966' s Days Payable Range Over the Past 10 Years
Min: 103.98 Med: 117.92 Max: 154.15
Current: 124.44

During the past 13 years, Shandong Linglong Tyre Co's highest Days Payable was 154.15. The lowest was 103.98. And the median was 117.92.

SHSE:601966's Days Payable is ranked better than
80.33% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs SHSE:601966: 124.44

Shandong Linglong Tyre Co's Days Payable declined from Mar. 2023 (138.69) to Mar. 2024 (129.00). It may suggest that Shandong Linglong Tyre Co accelerated paying its suppliers.

Shandong Linglong Tyre Co Days Payable Historical Data

The historical data trend for Shandong Linglong 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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Shandong Linglong Tyre Co Days Payable Chart

Shandong Linglong Tyre Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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110.81

130.92

149.96

154.15

125.32

Shandong Linglong 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															138.69	127.34	124.09	117.51	129.00

Competitive Comparison of Shandong Linglong Tyre Co's Days Payable

For the Auto Parts subindustry, Shandong Linglong 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.

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

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

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

Shandong Linglong 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.

Shandong Linglong 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
=	( (5556.594	+	5381.544)	/	2 )	/	15928.561	*	365
=	5469.069					/	15928.561	*	365
=	125.32

Shandong Linglong 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
=	( (5381.544	+	5540.989)	/	2 )	/	3863.005	*	365 / 4
=	5461.2665					/	3863.005	*	365 / 4
=	129.00

Shandong Linglong Tyre Co Days Payable Related Terms

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Shandong Linglong Tyre Co (SHSE:601966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shandong Linglong Tyre Co Ltd (SHSE:601966) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 777, Jinlong Road, Shandong, Zhaoyuan, CHN, 265406

Website

http://www.linglong.cn

Shandong Linglong Tyre Co Ltd is a China-based tire manufacturing company engaged in the business of manufacturing and selling tires. Its product portfolio comprises of passenger car radial tires, light truck radial tires, truck and bus radial tires, specialty tires, winter tires, SUV tires and others. It offers tire products under the brands Linglong, LEAO, Infinity, Shanling, and Atlas.

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