Zhejiang Qianjiang Motorcycle Co (SZSE:000913) Days Payable : 231.84 (As of Mar. 2024)

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What is Zhejiang Qianjiang Motorcycle Co Days Payable?

Zhejiang Qianjiang Motorcycle Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,517 Mil. Zhejiang Qianjiang Motorcycle Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥991 Mil. Hence, Zhejiang Qianjiang Motorcycle Co's Days Payable for the three months ended in Mar. 2024 was 231.84.

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

SZSE:000913' s Days Payable Range Over the Past 10 Years
Min: 101.97 Med: 161.17 Max: 253.32
Current: 253.32

During the past 13 years, Zhejiang Qianjiang Motorcycle Co's highest Days Payable was 253.32. The lowest was 101.97. And the median was 161.17.

SZSE:000913's Days Payable is ranked better than
95.56% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 66.66 vs SZSE:000913: 253.32

Zhejiang Qianjiang Motorcycle Co's Days Payable increased from Mar. 2023 (219.17) to Mar. 2024 (231.84). It may suggest that Zhejiang Qianjiang Motorcycle Co delayed paying its suppliers.

Zhejiang Qianjiang Motorcycle Co Days Payable Historical Data

The historical data trend for Zhejiang Qianjiang Motorcycle 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 Qianjiang Motorcycle Co Days Payable Chart

Zhejiang Qianjiang Motorcycle Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

177.91

199.57

160.82

166.04

225.19

Zhejiang Qianjiang Motorcycle 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															219.17	212.40	273.85	315.78	231.84

Competitive Comparison of Zhejiang Qianjiang Motorcycle Co's Days Payable

For the Auto Manufacturers subindustry, Zhejiang Qianjiang Motorcycle 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 Qianjiang Motorcycle Co's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Zhejiang Qianjiang Motorcycle Co's Days Payable falls into.

Zhejiang Qianjiang Motorcycle 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 Qianjiang Motorcycle 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
=	( (2210.89	+	2348.769)	/	2 )	/	3695.298	*	365
=	2279.8295					/	3695.298	*	365
=	225.19

Zhejiang Qianjiang Motorcycle 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
=	( (2348.769	+	2684.84)	/	2 )	/	990.583	*	365 / 4
=	2516.8045					/	990.583	*	365 / 4
=	231.84

Zhejiang Qianjiang Motorcycle Co Days Payable Related Terms

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Zhejiang Qianjiang Motorcycle Co (SZSE:000913) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Qianjiang Motorcycle Co Ltd (SZSE:000913) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Wenling Economic Development Zone, Zhejiang Province, Taizhou, CHN, 317500

Website

http://www.qjmotor.com

Zhejiang Qianjiang Motorcycle Co Ltd is engaged in R & D, manufacturing and sales of motorcycles and engines in China. The company also provides maintenance and repair services.

Executives

Jiang Chuan Min	Executives
Li Jian Jun	Supervisors
Jin Yong	Director
Jin Xue Liang	Director
Huang Xi Chu	Supervisors
Yu Bang Fei	Director

Zhejiang Qianjiang Motorcycle Co (SZSE:000913) Headlines

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