Zhejiang CF Moto Power Co (SHSE:603129) Days Payable : 187.68 (As of Mar. 2024)

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What is Zhejiang CF Moto Power Co Days Payable?

Zhejiang CF Moto Power Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥4,248 Mil. Zhejiang CF Moto Power Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,066 Mil. Hence, Zhejiang CF Moto Power Co's Days Payable for the three months ended in Mar. 2024 was 187.68.

The historical rank and industry rank for Zhejiang CF Moto Power Co's Days Payable or its related term are showing as below:

SHSE:603129' s Days Payable Range Over the Past 10 Years
Min: 157.5 Med: 177.1 Max: 201.37
Current: 188.6

During the past 11 years, Zhejiang CF Moto Power Co's highest Days Payable was 201.37. The lowest was 157.50. And the median was 177.10.

SHSE:603129's Days Payable is ranked better than
89.79% of 1264 companies
in the Vehicles & Parts industry
Industry Median: 65.57 vs SHSE:603129: 188.60

Zhejiang CF Moto Power Co's Days Payable declined from Mar. 2023 (215.64) to Mar. 2024 (187.68). It may suggest that Zhejiang CF Moto Power Co accelerated paying its suppliers.

Zhejiang CF Moto Power Co Days Payable Historical Data

The historical data trend for Zhejiang CF Moto Power 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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Zhejiang CF Moto Power Co Days Payable Chart

Zhejiang CF Moto Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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175.42

201.37

179.55

178.78

197.80

Zhejiang CF Moto Power 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															215.64	156.91	199.16	217.09	187.68

Competitive Comparison of Zhejiang CF Moto Power Co's Days Payable

For the Recreational Vehicles subindustry, Zhejiang CF Moto Power 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.

Zhejiang CF Moto Power Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zhejiang CF Moto Power Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang CF Moto Power Co's Days Payable falls into.

Zhejiang CF Moto Power 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.

Zhejiang CF Moto Power 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
=	( (4554.938	+	4173.039)	/	2 )	/	8052.875	*	365
=	4363.9885					/	8052.875	*	365
=	197.80

Zhejiang CF Moto Power 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
=	( (4173.039	+	4323.576)	/	2 )	/	2065.579	*	365 / 4
=	4248.3075					/	2065.579	*	365 / 4
=	187.68

Zhejiang CF Moto Power Co Days Payable Related Terms

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Zhejiang CF Moto Power Co (SHSE:603129) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang CF Moto Power Co Ltd (SHSE:603129) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.116, Wuzhou Road, Yuhang Economic Development Zone, Zhejiang Province, Hangzhou, CHN, 311100

Website

http://www.cfmoto.cn

Zhejiang CF Moto Power Co Ltd is the manufacturer in the powersports industry. The company develops, manufactures, markets and delivers the motorcycles, all-terrain vehicles, side-by-side utility vehicles, and powersports engines, parts, gears and accessories.

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