Changzhou Nrb (SZSE:002708) Days Payable : 140.34 (As of Mar. 2024)

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What is Changzhou Nrb Days Payable?

Changzhou Nrb's average Accounts Payable for the three months ended in Mar. 2024 was ¥734 Mil. Changzhou Nrb's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥477 Mil. Hence, Changzhou Nrb's Days Payable for the three months ended in Mar. 2024 was 140.34.

The historical rank and industry rank for Changzhou Nrb's Days Payable or its related term are showing as below:

SZSE:002708' s Days Payable Range Over the Past 10 Years
Min: 80.41 Med: 121.55 Max: 167.03
Current: 134.12

During the past 13 years, Changzhou Nrb's highest Days Payable was 167.03. The lowest was 80.41. And the median was 121.55.

SZSE:002708's Days Payable is ranked better than
82.16% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.85 vs SZSE:002708: 134.12

Changzhou Nrb's Days Payable declined from Mar. 2023 (176.93) to Mar. 2024 (140.34). It may suggest that Changzhou Nrb accelerated paying its suppliers.

Changzhou Nrb Days Payable Historical Data

The historical data trend for Changzhou Nrb'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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Changzhou Nrb Days Payable Chart

Changzhou Nrb Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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129.86

167.03

163.02

161.50

160.10

Changzhou Nrb 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															176.93	137.76	125.11	136.44	140.34

Competitive Comparison of Changzhou Nrb's Days Payable

For the Auto Parts subindustry, Changzhou Nrb'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.

Changzhou Nrb's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Changzhou Nrb's Days Payable distribution charts can be found below:

* The bar in red indicates where Changzhou Nrb's Days Payable falls into.

Changzhou Nrb 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.

Changzhou Nrb'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
=	( (691.56	+	754.296)	/	2 )	/	1648.112	*	365
=	722.928					/	1648.112	*	365
=	160.10

Changzhou Nrb'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
=	( (754.296	+	713.102)	/	2 )	/	477.051	*	365 / 4
=	733.699					/	477.051	*	365 / 4
=	140.34

Changzhou Nrb Days Payable Related Terms

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Changzhou Nrb (SZSE:002708) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Changzhou Nrb Corp (SZSE:002708) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.52 Hanjiang Road, New Hi-Tech District, Jiangsu, Changzhou, CHN, 213022

Website

http://www.nrb.com.cn

Changzhou Nrb Corp is engaged in the research and development, manufacturing and sales of high precision and high-reliability products like precision bearings, synchronizers, planetary platoons, and precision forgings. Its products are needle roller bearing, roller bearing, clutch release bearing, and hub bearing which are mainly applied to assemblies like automotive transmission, clutch, heavy truck axle, and hub.

Changzhou Nrb (SZSE:002708) Headlines

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