Shanghai Beite Technology Co (SHSE:603009) Days Payable : 149.39 (As of Mar. 2024)

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What is Shanghai Beite Technology Co Days Payable?

Shanghai Beite Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥649 Mil. Shanghai Beite Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥396 Mil. Hence, Shanghai Beite Technology Co's Days Payable for the three months ended in Mar. 2024 was 149.39.

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

SHSE:603009' s Days Payable Range Over the Past 10 Years
Min: 57.18 Med: 150.01 Max: 198.42
Current: 143.08

During the past 13 years, Shanghai Beite Technology Co's highest Days Payable was 198.42. The lowest was 57.18. And the median was 150.01.

SHSE:603009's Days Payable is ranked better than
84.38% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 66.66 vs SHSE:603009: 143.08

Shanghai Beite Technology Co's Days Payable declined from Mar. 2023 (152.43) to Mar. 2024 (149.39). It may suggest that Shanghai Beite Technology Co accelerated paying its suppliers.

Shanghai Beite Technology Co Days Payable Historical Data

The historical data trend for Shanghai Beite 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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Shanghai Beite Technology Co Days Payable Chart

Shanghai Beite Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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195.23

198.42

157.51

140.45

148.36

Shanghai Beite 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															152.43	140.54	161.47	140.66	149.39

Competitive Comparison of Shanghai Beite Technology Co's Days Payable

For the Auto Parts subindustry, Shanghai Beite 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.

Shanghai Beite Technology Co's Days Payable Distribution in the Vehicles & Parts Industry

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

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

Shanghai Beite 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.

Shanghai Beite 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
=	( (566.975	+	695.811)	/	2 )	/	1553.363	*	365
=	631.393					/	1553.363	*	365
=	148.36

Shanghai Beite 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
=	( (695.811	+	602.12)	/	2 )	/	396.399	*	365 / 4
=	648.9655					/	396.399	*	365 / 4
=	149.39

Shanghai Beite Technology Co Days Payable Related Terms

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Shanghai Beite Technology Co (SHSE:603009) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Beite Technology Co Ltd (SHSE:603009) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No 2488 Gaoshi Road, Jiading District, Shanghai, IND, 201816

Website

http://sh-beite.com

Shanghai Beite Technology Co Ltd provides metal products for steering and shock absorber piston rod customers primarily in China. Its products include rack blanks, semi-finished racks, finished racks, finished valve sleeves, semi-finished input shafts, semi-finished worm shafts, pinion blanks, semi-finished pinions, piston rod blanks, semi-finished piston rods, and finished piston rods.

Executives

Jin Kun	Director
Xu Hong Fei	senior management
Cao Qing	Supervisors
Cai Xiang Dong	senior management
Liu Chun Mei	senior management
Cao Xian Bin	Supervisors
Tao Wan Yin	Director
Jin Xiao Tang	Director

Shanghai Beite Technology Co (SHSE:603009) Headlines

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