Shenzhen China Bicycle Co Holding (Shenzhen China Bicycle Co Holding) Days Payable : 4.20 (As of Mar. 2024)

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What is Shenzhen China Bicycle Co Holding Days Payable?

Shenzhen China Bicycle Co Holding's average Accounts Payable for the three months ended in Mar. 2024 was $0.68 Mil. Shenzhen China Bicycle Co Holding's Cost of Goods Sold for the three months ended in Mar. 2024 was $14.80 Mil. Hence, Shenzhen China Bicycle Co Holding's Days Payable for the three months ended in Mar. 2024 was 4.20.

The historical rank and industry rank for Shenzhen China Bicycle Co Holding's Days Payable or its related term are showing as below:

SZHNF' s Days Payable Range Over the Past 10 Years
Min: 3.12 Med: 23.39 Max: 58.91
Current: 8.24

During the past 13 years, Shenzhen China Bicycle Co Holding's highest Days Payable was 58.91. The lowest was 3.12. And the median was 23.39.

SZHNF's Days Payable is ranked worse than
94.05% of 756 companies
in the Travel & Leisure industry
Industry Median: 59.87 vs SZHNF: 8.24

Shenzhen China Bicycle Co Holding's Days Payable declined from Mar. 2023 (5.12) to Mar. 2024 (4.20). It may suggest that Shenzhen China Bicycle Co Holding accelerated paying its suppliers.

Shenzhen China Bicycle Co Holding Days Payable Historical Data

The historical data trend for Shenzhen China Bicycle Co Holding'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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Shenzhen China Bicycle Co Holding Days Payable Chart

Shenzhen China Bicycle Co Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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59.51

33.78

21.11

5.24

3.14

Shenzhen China Bicycle Co Holding 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															5.12	12.53	29.28	3.50	4.20

Competitive Comparison of Shenzhen China Bicycle Co Holding's Days Payable

For the Leisure subindustry, Shenzhen China Bicycle Co Holding'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.

Shenzhen China Bicycle Co Holding's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Shenzhen China Bicycle Co Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenzhen China Bicycle Co Holding's Days Payable falls into.

Shenzhen China Bicycle Co Holding 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.

Shenzhen China Bicycle Co Holding'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
=	( (0.413	+	0.87)	/	2 )	/	74.452	*	365
=	0.6415					/	74.452	*	365
=	3.14

Shenzhen China Bicycle Co Holding'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
=	( (0.87	+	0.494)	/	2 )	/	14.8	*	365 / 4
=	0.682					/	14.8	*	365 / 4
=	4.20

Shenzhen China Bicycle Co Holding Days Payable Related Terms

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Shenzhen China Bicycle Co Holding (Shenzhen China Bicycle Co Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shenzhen China Bicycle Co Holding Ltd (GREY:SZHNF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

200017:China 000017:China

Address

No.31 Bagua Road, 501 Zhongxin Technology Building, Futian District, Bagualing, Shenzhen, CHN, 518029

Website

http://www.cbc.com.cn

Shenzhen China Bicycle Co Holding Ltd is a China-based company engaged in the manufacturing and selling of Bicycles. The company belongs to the machinery manufacture industry and mainly engages in the production and assembly of various bicycles and spare parts, components, parts, mechanical products, sports machinery, fine chemicals, carbon fiber composites material, household electrical appliance, and affiliated components. It operates in two segments: Jewelry Gold Business and Bicycle lithium battery materials & other business.

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