Qingdao Sentury Tire Co (SZSE:002984) Days Payable : 72.56 (As of Mar. 2024)

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What is Qingdao Sentury Tire Co Days Payable?

Qingdao Sentury Tire Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,155 Mil. Qingdao Sentury Tire Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,453 Mil. Hence, Qingdao Sentury Tire Co's Days Payable for the three months ended in Mar. 2024 was 72.56.

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

SZSE:002984' s Days Payable Range Over the Past 10 Years
Min: 63.5 Med: 88.25 Max: 278.59
Current: 64.93

During the past 9 years, Qingdao Sentury Tire Co's highest Days Payable was 278.59. The lowest was 63.50. And the median was 88.25.

SZSE:002984's Days Payable is ranked worse than
51.9% of 1262 companies
in the Vehicles & Parts industry
Industry Median: 66.79 vs SZSE:002984: 64.93

Qingdao Sentury Tire Co's Days Payable increased from Mar. 2023 (66.22) to Mar. 2024 (72.56). It may suggest that Qingdao Sentury Tire Co delayed paying its suppliers.

Qingdao Sentury Tire Co Days Payable Historical Data

The historical data trend for Qingdao Sentury Tire 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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Qingdao Sentury Tire Co Days Payable Chart

Qingdao Sentury Tire Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

87.03

88.25

82.61

68.48

63.50

Qingdao Sentury Tire 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															66.22	63.15	59.50	65.29	72.56

Competitive Comparison of Qingdao Sentury Tire Co's Days Payable

For the Auto Parts subindustry, Qingdao Sentury Tire 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.

Qingdao Sentury Tire Co's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Qingdao Sentury Tire Co's Days Payable falls into.

Qingdao Sentury Tire 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.

Qingdao Sentury Tire 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
=	( (898.967	+	1141.718)	/	2 )	/	5865.258	*	365
=	1020.3425					/	5865.258	*	365
=	63.50

Qingdao Sentury Tire 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
=	( (1141.718	+	1168.46)	/	2 )	/	1452.565	*	365 / 4
=	1155.089					/	1452.565	*	365 / 4
=	72.56

Qingdao Sentury Tire Co Days Payable Related Terms

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Qingdao Sentury Tire Co (SZSE:002984) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Qingdao Sentury Tire Co Ltd (SZSE:002984) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 5, Tianshan 3rd Road, Daxin Town, Jimo District, Shandong Province, Qingdao, CHN, 266229

Website

http://www.senturytire.com

Qingdao Sentury Tire Co Ltd is engaged in the research and development, production and sales of semi-steel radial tires and aviation tires.

Executives

Qin Long	Director
Lin Wen Long	Directors, executives
Qin Jing Bo	Directors, executives
Jin Sheng Yong	Secretary, Director
Liu Gao Yang	Supervisors

Qingdao Sentury Tire Co (SZSE:002984) Headlines

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