VT Industrial Technology Co (SZSE:300707) Days Payable : 82.79 (As of Mar. 2024)

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What is VT Industrial Technology Co Days Payable?

VT Industrial Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥157.0 Mil. VT Industrial Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥173.0 Mil. Hence, VT Industrial Technology Co's Days Payable for the three months ended in Mar. 2024 was 82.79.

The historical rank and industry rank for VT Industrial Technology Co's Days Payable or its related term are showing as below:

SZSE:300707' s Days Payable Range Over the Past 10 Years
Min: 53.74 Med: 88.67 Max: 107.26
Current: 74.19

During the past 11 years, VT Industrial Technology Co's highest Days Payable was 107.26. The lowest was 53.74. And the median was 88.67.

SZSE:300707's Days Payable is ranked better than
56.76% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 66.48 vs SZSE:300707: 74.19

VT Industrial Technology Co's Days Payable declined from Mar. 2023 (84.21) to Mar. 2024 (82.79). It may suggest that VT Industrial Technology Co accelerated paying its suppliers.

VT Industrial Technology Co Days Payable Historical Data

The historical data trend for VT Industrial Technology 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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VT Industrial Technology Co Days Payable Chart

VT Industrial Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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95.84

65.06

53.74

60.61

82.67

VT Industrial Technology 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															84.21	69.90	66.05	80.59	82.79

Competitive Comparison of VT Industrial Technology Co's Days Payable

For the Auto Parts subindustry, VT Industrial Technology 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.

VT Industrial Technology Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, VT Industrial Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where VT Industrial Technology Co's Days Payable falls into.

VT Industrial Technology 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.

VT Industrial Technology 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
=	( (116.017	+	170.548)	/	2 )	/	632.619	*	365
=	143.2825					/	632.619	*	365
=	82.67

VT Industrial Technology 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
=	( (170.548	+	143.421)	/	2 )	/	173.016	*	365 / 4
=	156.9845					/	173.016	*	365 / 4
=	82.79

VT Industrial Technology Co Days Payable Related Terms

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VT Industrial Technology Co (SZSE:300707) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » VT Industrial Technology Co Ltd (SZSE:300707) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 32 Jianhong Road, Hongshan Street, New District, Jiangsu Province, Wuxi, CHN, 214145

Website

http://www.vt-ind.com

VT Industrial Technology Co Ltd is the stamping dies supplier in the automotive industry. It is engaged in the design, research and development, manufacturing and sales of automotive stamping die, mainly for automakers and component manufacturers worldwide. At the same time, the company provides automotive stamping products to customers based on its own stamping die. Its product offering includes an exhaust system, instrumental panel, door components, seat component, multiphase steel, tailor rolled and welded steel.

Executives

Qian Guang Hong	Director
Zhang Xi Liang	Directors, executives
Zhu Yi Jia	Executives
Zhao Zhi Dong	Director

VT Industrial Technology Co (SZSE:300707) Headlines

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