Anhui Ankai Automobile Co (SZSE:000868) Days Payable : 321.09 (As of Mar. 2024)

View and export this data going back to 1997. Start your Free Trial

What is Anhui Ankai Automobile Co Days Payable?

Anhui Ankai Automobile Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,837 Mil. Anhui Ankai Automobile Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥522 Mil. Hence, Anhui Ankai Automobile Co's Days Payable for the three months ended in Mar. 2024 was 321.09.

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

SZSE:000868' s Days Payable Range Over the Past 10 Years
Min: 214.06 Med: 311.35 Max: 460.97
Current: 268.33

During the past 13 years, Anhui Ankai Automobile Co's highest Days Payable was 460.97. The lowest was 214.06. And the median was 311.35.

SZSE:000868's Days Payable is ranked better than
95.8% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs SZSE:000868: 268.33

Anhui Ankai Automobile Co's Days Payable declined from Mar. 2023 (626.52) to Mar. 2024 (321.09). It may suggest that Anhui Ankai Automobile Co accelerated paying its suppliers.

Anhui Ankai Automobile Co Days Payable Historical Data

The historical data trend for Anhui Ankai Automobile 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.

* Premium members only.

Anhui Ankai Automobile Co Days Payable Chart

Anhui Ankai Automobile Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

364.48

278.69

410.69

390.03

311.08

Anhui Ankai Automobile 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															626.52	260.62	256.06	250.41	321.09

Competitive Comparison of Anhui Ankai Automobile Co's Days Payable

For the Auto Manufacturers subindustry, Anhui Ankai Automobile 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.

Anhui Ankai Automobile Co's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Anhui Ankai Automobile Co's Days Payable falls into.

Anhui Ankai Automobile 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.

Anhui Ankai Automobile 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
=	( (1514.383	+	1840.142)	/	2 )	/	1967.991	*	365
=	1677.2625					/	1967.991	*	365
=	311.08

Anhui Ankai Automobile 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
=	( (1840.142	+	1833.15)	/	2 )	/	521.948	*	365 / 4
=	1836.646					/	521.948	*	365 / 4
=	321.09

Anhui Ankai Automobile Co Days Payable Related Terms

Thank you for viewing the detailed overview of Anhui Ankai Automobile Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Anhui Ankai Automobile Co (SZSE:000868) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Anhui Ankai Automobile Co Ltd (SZSE:000868) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.99, Huayuan Avenue, Hefei, CHN

Website

http://www.ankai.com

Anhui Ankai Automobile Co Ltd is a China-based company operates in the business of busses. It manufactures and sells large, medium, and light buses and their automotive parts. It offers Coach, City bus, School bus and New energy bus. Geographically the business activities are carried out through China and its products are exported to developed countries and regions, including U.S., UK, Australia, Dubai, Hong Kong, and Macau.

Anhui Ankai Automobile Co (SZSE:000868) Headlines

No Headlines