Jiangsu Changshu Automotive Trim Group Co (SHSE:603035) Days Payable : 257.46 (As of Mar. 2024)

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What is Jiangsu Changshu Automotive Trim Group Co Days Payable?

Jiangsu Changshu Automotive Trim Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,481 Mil. Jiangsu Changshu Automotive Trim Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥879 Mil. Hence, Jiangsu Changshu Automotive Trim Group Co's Days Payable for the three months ended in Mar. 2024 was 257.46.

The historical rank and industry rank for Jiangsu Changshu Automotive Trim Group Co's Days Payable or its related term are showing as below:

SHSE:603035' s Days Payable Range Over the Past 10 Years
Min: 85.8 Med: 182.19 Max: 265.2
Current: 209.15

During the past 13 years, Jiangsu Changshu Automotive Trim Group Co's highest Days Payable was 265.20. The lowest was 85.80. And the median was 182.19.

SHSE:603035's Days Payable is ranked better than
92.61% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 65.895 vs SHSE:603035: 209.15

Jiangsu Changshu Automotive Trim Group Co's Days Payable declined from Mar. 2023 (267.27) to Mar. 2024 (257.46). It may suggest that Jiangsu Changshu Automotive Trim Group Co accelerated paying its suppliers.

Jiangsu Changshu Automotive Trim Group Co Days Payable Historical Data

The historical data trend for Jiangsu Changshu Automotive Trim Group 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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Jiangsu Changshu Automotive Trim Group Co Days Payable Chart

Jiangsu Changshu Automotive Trim Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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228.66

265.20

241.10

212.77

222.99

Jiangsu Changshu Automotive Trim Group 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															267.27	228.82	192.13	177.10	257.46

Competitive Comparison of Jiangsu Changshu Automotive Trim Group Co's Days Payable

For the Auto Parts subindustry, Jiangsu Changshu Automotive Trim Group 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.

Jiangsu Changshu Automotive Trim Group Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Jiangsu Changshu Automotive Trim Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangsu Changshu Automotive Trim Group Co's Days Payable falls into.

Jiangsu Changshu Automotive Trim Group 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.

Jiangsu Changshu Automotive Trim Group 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
=	( (1936.968	+	2532.903)	/	2 )	/	3658.304	*	365
=	2234.9355					/	3658.304	*	365
=	222.99

Jiangsu Changshu Automotive Trim Group 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
=	( (2532.903	+	2428.255)	/	2 )	/	879.169	*	365 / 4
=	2480.579					/	879.169	*	365 / 4
=	257.46

Jiangsu Changshu Automotive Trim Group Co Days Payable Related Terms

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Jiangsu Changshu Automotive Trim Group Co (SHSE:603035) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jiangsu Changshu Automotive Trim Group Co Ltd (SHSE:603035) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 288, North Haiyu Road, Jiangsu Province, Suzhou, Changshu, CHN, 215500

Website

http://www.caip.com.cn

Jiangsu Changshu Automotive Trim Group Co Ltd manufactures auto components. Its products include instrument panels, centre consoles, door panel systems, pillars and sills, other interior and exterior components. Geographically, the activities are carried out through China.

Executives

Luo Xiao Chun	Director
Zhang Sheng	Supervisors
Wang Jie	Supervisors
Wang Wei Qing	senior management
Luo Xi Fang	senior management
Tao Jian Bing	Director
Sun Feng	senior management
Tang Wen Hua	Supervisors
Wu Hai Jiang	Director

Jiangsu Changshu Automotive Trim Group Co (SHSE:603035) Headlines

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