U Power (U Power) Days Payable : 305.16 (As of Dec. 2023)

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What is U Power Days Payable?

U Power's average Accounts Payable for the six months ended in Dec. 2023 was $1.64 Mil. U Power's Cost of Goods Sold for the six months ended in Dec. 2023 was $0.98 Mil. Hence, U Power's Days Payable for the six months ended in Dec. 2023 was 305.16.

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

UCAR' s Days Payable Range Over the Past 10 Years
Min: 393.04 Med: 520.03 Max: 776.06
Current: 557.4

During the past 4 years, U Power's highest Days Payable was 776.06. The lowest was 393.04. And the median was 520.03.

UCAR's Days Payable is ranked better than
98.09% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 66.48 vs UCAR: 557.40

U Power's Days Payable declined from Dec. 2022 (902.12) to Dec. 2023 (305.16). It may suggest that U Power accelerated paying its suppliers.

U Power Days Payable Historical Data

The historical data trend for U Power'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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U Power Days Payable Chart

U Power Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

393.04

776.06

520.03

U Power Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			362.17	739.99	902.12	3,733.65	305.16

Competitive Comparison of U Power's Days Payable

For the Auto & Truck Dealerships subindustry, U Power'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.

U Power's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where U Power's Days Payable falls into.

U Power 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.

U Power'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
=	( (1.596	+	1.433)	/	2 )	/	1.063	*	365
=	1.5145					/	1.063	*	365
=	520.03

U Power's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.841	+	1.433)	/	2 )	/	0.979	*	365 / 2
=	1.637					/	0.979	*	365 / 2
=	305.16

U Power Days Payable Related Terms

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U Power (U Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » U Power Ltd (NAS:UCAR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

18th Floor, Building 3, Science and Technology Industrial Park, Yijiang District, Anhui Province, Wuhu, CHN, 241003

Website

http://www.upincar.com

U Power Ltd is involved in the provision of vehicle sourcing services. It is principally engaged in the provision of new energy vehicles development and sales; battery swapping stations manufactory and sales; battery swapping services and sourcing services. The company as a broker engaged in sales of vehicles between automobile wholesalers and buyers, including small and medium sized vehicle dealers and individual customers primarily located in the lower-tier cities in China, which are smaller and less developed than the tier-1 or tier-2 cities.