Changchun Engley Automobile Industry Co (SHSE:601279) Days Payable : 167.10 (As of Mar. 2024)

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What is Changchun Engley Automobile Industry Co Days Payable?

Changchun Engley Automobile Industry Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,880 Mil. Changchun Engley Automobile Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,026 Mil. Hence, Changchun Engley Automobile Industry Co's Days Payable for the three months ended in Mar. 2024 was 167.10.

The historical rank and industry rank for Changchun Engley Automobile Industry Co's Days Payable or its related term are showing as below:

SHSE:601279' s Days Payable Range Over the Past 10 Years
Min: 113.71 Med: 138.05 Max: 169.26
Current: 144.98

During the past 8 years, Changchun Engley Automobile Industry Co's highest Days Payable was 169.26. The lowest was 113.71. And the median was 138.05.

SHSE:601279's Days Payable is ranked better than
84.58% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 66.48 vs SHSE:601279: 144.98

Changchun Engley Automobile Industry Co's Days Payable declined from Mar. 2023 (177.64) to Mar. 2024 (167.10). It may suggest that Changchun Engley Automobile Industry Co accelerated paying its suppliers.

Changchun Engley Automobile Industry Co Days Payable Historical Data

The historical data trend for Changchun Engley Automobile Industry 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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Changchun Engley Automobile Industry Co Days Payable Chart

Changchun Engley Automobile Industry Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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124.11

136.03

169.26

159.22

160.34

Changchun Engley Automobile Industry Co Quarterly Data
	Dec18	Jun19	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															177.64	141.06	136.20	139.43	167.10

Competitive Comparison of Changchun Engley Automobile Industry Co's Days Payable

For the Auto Parts subindustry, Changchun Engley Automobile Industry 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.

Changchun Engley Automobile Industry Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Changchun Engley Automobile Industry Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Changchun Engley Automobile Industry Co's Days Payable falls into.

Changchun Engley Automobile Industry 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.

Changchun Engley Automobile Industry 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
=	( (2158.777	+	1964.05)	/	2 )	/	4692.716	*	365
=	2061.4135					/	4692.716	*	365
=	160.34

Changchun Engley Automobile Industry 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
=	( (1964.05	+	1795.154)	/	2 )	/	1026.412	*	365 / 4
=	1879.602					/	1026.412	*	365 / 4
=	167.10

Changchun Engley Automobile Industry Co Days Payable Related Terms

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Changchun Engley Automobile Industry Co (SHSE:601279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Changchun Engley Automobile Industry Co Ltd (SHSE:601279) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 888, Shunda Road, High-tech Zone, Jilin Province, Changchun, CHN, 130021

Website

http://www.engley.com

Changchun Engley Automobile Industry Co Ltd is engaged in the design, research and development, manufacturing and sales of body structure components and anti-collision system components. The company's main products include metallic and Non-metallic products. The metallic parts are mainly Cross Car beams, bumps, thresholds, battery lower shells and other body stamping parts: Non-metallic products include front end modules, underbody coves, spare tire warehouses, EV battery upper shell, battery trays and wheel guards.

Changchun Engley Automobile Industry Co (SHSE:601279) Headlines

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