Ningbo Gaofa Automotive Control System Co (SHSE:603788) Days Payable : 111.07 (As of Mar. 2024)

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What is Ningbo Gaofa Automotive Control System Co Days Payable?

Ningbo Gaofa Automotive Control System Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥332 Mil. Ningbo Gaofa Automotive Control System Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥273 Mil. Hence, Ningbo Gaofa Automotive Control System Co's Days Payable for the three months ended in Mar. 2024 was 111.07.

The historical rank and industry rank for Ningbo Gaofa Automotive Control System Co's Days Payable or its related term are showing as below:

SHSE:603788' s Days Payable Range Over the Past 10 Years
Min: 99.37 Med: 135.23 Max: 157
Current: 99.37

During the past 13 years, Ningbo Gaofa Automotive Control System Co's highest Days Payable was 157.00. The lowest was 99.37. And the median was 135.23.

SHSE:603788's Days Payable is ranked better than
71.52% of 1264 companies
in the Vehicles & Parts industry
Industry Median: 65.57 vs SHSE:603788: 99.37

Ningbo Gaofa Automotive Control System Co's Days Payable declined from Mar. 2023 (111.74) to Mar. 2024 (111.07). It may suggest that Ningbo Gaofa Automotive Control System Co accelerated paying its suppliers.

Ningbo Gaofa Automotive Control System Co Days Payable Historical Data

The historical data trend for Ningbo Gaofa Automotive Control System 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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Ningbo Gaofa Automotive Control System Co Days Payable Chart

Ningbo Gaofa Automotive Control System Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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150.12

157.00

130.39

106.02

114.31

Ningbo Gaofa Automotive Control System 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															111.74	94.22	95.34	100.87	111.07

Competitive Comparison of Ningbo Gaofa Automotive Control System Co's Days Payable

For the Auto Parts subindustry, Ningbo Gaofa Automotive Control System 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.

Ningbo Gaofa Automotive Control System Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ningbo Gaofa Automotive Control System Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ningbo Gaofa Automotive Control System Co's Days Payable falls into.

Ningbo Gaofa Automotive Control System 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.

Ningbo Gaofa Automotive Control System 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
=	( (239.321	+	360.933)	/	2 )	/	958.322	*	365
=	300.127					/	958.322	*	365
=	114.31

Ningbo Gaofa Automotive Control System 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
=	( (360.933	+	303.389)	/	2 )	/	272.896	*	365 / 4
=	332.161					/	272.896	*	365 / 4
=	111.07

Ningbo Gaofa Automotive Control System Co Days Payable Related Terms

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Ningbo Gaofa Automotive Control System Co (SHSE:603788) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo Gaofa Automotive Control System Co Ltd (SHSE:603788) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.717 XiaYing North Road, Ningbo Yinzhou Investment and Entrepreneurship Center, Ningbo, CHN, 315105

Website

http://www.gaofacable.com

Ningbo Gaofa Automotive Control System Co Ltd is engaged in the research & development, production and sales of automotive control system.

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