First Tractor Co (HKSE:00038) Days Payable : 71.83 (As of Mar. 2024)

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What is First Tractor Co Days Payable?

First Tractor Co's average Accounts Payable for the three months ended in Mar. 2024 was HK$3,292 Mil. First Tractor Co's Cost of Goods Sold for the three months ended in Mar. 2024 was HK$4,182 Mil. Hence, First Tractor Co's Days Payable for the three months ended in Mar. 2024 was 71.83.

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

HKSE:00038' s Days Payable Range Over the Past 10 Years
Min: 77.99 Med: 92.07 Max: 157.35
Current: 157.35

During the past 13 years, First Tractor Co's highest Days Payable was 157.35. The lowest was 77.99. And the median was 92.07.

HKSE:00038's Days Payable is ranked better than
76.21% of 206 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 71.475 vs HKSE:00038: 157.35

First Tractor Co's Days Payable declined from Mar. 2023 (95.70) to Mar. 2024 (71.83). It may suggest that First Tractor Co accelerated paying its suppliers.

First Tractor Co Days Payable Historical Data

The historical data trend for First Tractor 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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First Tractor Co Days Payable Chart

First Tractor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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93.83

89.85

88.41

77.99

87.52

First Tractor 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															95.70	182.94	190.23	295.89	71.83

Competitive Comparison of First Tractor Co's Days Payable

For the Farm & Heavy Construction Machinery subindustry, First Tractor 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.

First Tractor Co's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, First Tractor Co's Days Payable distribution charts can be found below:

* The bar in red indicates where First Tractor Co's Days Payable falls into.

First Tractor 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.

First Tractor 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
=	( (2553.884	+	2532.477)	/	2 )	/	10605.969	*	365
=	2543.1805					/	10605.969	*	365
=	87.52

First Tractor 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
=	( (2532.477	+	4051.683)	/	2 )	/	4182.001	*	365 / 4
=	3292.08					/	4182.001	*	365 / 4
=	71.83

First Tractor Co Days Payable Related Terms

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First Tractor Co (HKSE:00038) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » First Tractor Co Ltd (HKSE:00038) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FIRRF:USA 601038:China

Address

No. 154 Jianshe Road, Henan Province, Luoyang, CHN, 471004

Website

http://www.first-tractor.com.cn

First Tractor Co Ltd is a Chinese company engaged in the agricultural machinery manufacturing industry. Its business scope mainly includes manufacturing and selling agricultural machinery, diesel engines and fuel injections, other machinery, and an operating business of a finance company. It has four reporting divisions. The Agricultural Machinery division, which is the key revenue driver, is responsible for the production and sale of agricultural tractors, harvesters, and others. The power machinery division is mainly responsible for producing and selling diesel engines. The financial business is to handle the member units between the entrusted loans and investment, internal transfer settlement, absorption of member units deposits, and other business.

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