Jinxi Axle Co (SHSE:600495) Days Payable : 203.73 (As of Mar. 2024)

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What is Jinxi Axle Co Days Payable?

Jinxi Axle Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥527 Mil. Jinxi Axle Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥236 Mil. Hence, Jinxi Axle Co's Days Payable for the three months ended in Mar. 2024 was 203.73.

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

SHSE:600495' s Days Payable Range Over the Past 10 Years
Min: 106.51 Med: 184.47 Max: 240.68
Current: 162.57

During the past 13 years, Jinxi Axle Co's highest Days Payable was 240.68. The lowest was 106.51. And the median was 184.47.

SHSE:600495's Days Payable is ranked better than
91.46% of 937 companies
in the Transportation industry
Industry Median: 38.78 vs SHSE:600495: 162.57

Jinxi Axle Co's Days Payable declined from Mar. 2023 (311.23) to Mar. 2024 (203.73). It may suggest that Jinxi Axle Co accelerated paying its suppliers.

Jinxi Axle Co Days Payable Historical Data

The historical data trend for Jinxi Axle 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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Jinxi Axle Co Days Payable Chart

Jinxi Axle Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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178.69

210.28

197.25

191.95

184.37

Jinxi Axle 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															311.23	252.05	130.24	138.76	203.73

Competitive Comparison of Jinxi Axle Co's Days Payable

For the Railroads subindustry, Jinxi Axle 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.

Jinxi Axle Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jinxi Axle Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jinxi Axle Co's Days Payable falls into.

Jinxi Axle 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.

Jinxi Axle 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
=	( (535.051	+	585.165)	/	2 )	/	1108.868	*	365
=	560.108					/	1108.868	*	365
=	184.37

Jinxi Axle 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
=	( (585.165	+	468.165)	/	2 )	/	235.894	*	365 / 4
=	526.665					/	235.894	*	365 / 4
=	203.73

Jinxi Axle Co Days Payable Related Terms

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Jinxi Axle Co (SHSE:600495) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jinxi Axle Co Ltd (SHSE:600495) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5 North Lane, Heping North Road, Shanxi, Taiyuan, CHN, 030027

Website

http://www.jinxiaxle.com

Jinxi Axle Co Ltd is a China-based company primarily engaged in rail transit equipment. The company is mainly engaged in the production and sales of railway vehicles, axles, wheelsets, bolster side frames, bogies, and other products. The axle products are used to manufacture railway locomotives, trucks, buses, subways, light rail and other rail vehicles. The company mainly distributes its products in domestic and overseas markets.

Jinxi Axle Co (SHSE:600495) Headlines

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