GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Sling Automobile Bearing Co Ltd (SZSE:301550) » Definitions » Days Payable

Zhejiang Sling Automobile Bearing Co (SZSE:301550) Days Payable : 270.53 (As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Zhejiang Sling Automobile Bearing Co Days Payable?

Zhejiang Sling Automobile Bearing Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥322.0 Mil. Zhejiang Sling Automobile Bearing Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥108.6 Mil. Hence, Zhejiang Sling Automobile Bearing Co's Days Payable for the three months ended in Mar. 2024 was 270.53.

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

SZSE:301550' s Days Payable Range Over the Past 10 Years
Min: 189.93   Med: 235.81   Max: 297.36
Current: 229.52

During the past 9 years, Zhejiang Sling Automobile Bearing Co's highest Days Payable was 297.36. The lowest was 189.93. And the median was 235.81.

SZSE:301550's Days Payable is ranked better than
94.21% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 66.66 vs SZSE:301550: 229.52

Zhejiang Sling Automobile Bearing Co's Days Payable declined from Mar. 2023 (308.86) to Mar. 2024 (270.53). It may suggest that Zhejiang Sling Automobile Bearing Co accelerated paying its suppliers.


Zhejiang Sling Automobile Bearing Co Days Payable Historical Data

The historical data trend for Zhejiang Sling Automobile Bearing 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.

Zhejiang Sling Automobile Bearing Co Days Payable Chart

Zhejiang Sling Automobile Bearing Co Annual Data
Trend Dec12 Dec13 Dec14 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only 268.19 235.81 205.21 222.96 243.67

Zhejiang Sling Automobile Bearing Co Quarterly Data
Dec12 Dec13 Jun14 Dec14 Jun15 Dec18 Dec19 Dec20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 308.86 216.17 228.96 211.54 270.53

Competitive Comparison of Zhejiang Sling Automobile Bearing Co's Days Payable

For the Auto Parts subindustry, Zhejiang Sling Automobile Bearing 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.


Zhejiang Sling Automobile Bearing Co's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Zhejiang Sling Automobile Bearing Co's Days Payable falls into.



Zhejiang Sling Automobile Bearing 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.

Zhejiang Sling Automobile Bearing 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
=( (335.071 + 333.961) / 2 ) / 501.074*365
=334.516 / 501.074*365
=243.67

Zhejiang Sling Automobile Bearing 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
=( (333.961 + 309.966) / 2 ) / 108.598*365 / 4
=321.9635 / 108.598*365 / 4
=270.53

* 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.


Zhejiang Sling Automobile Bearing Co Days Payable Related Terms

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


Zhejiang Sling Automobile Bearing Co (SZSE:301550) Business Description

Traded in Other Exchanges
N/A
Address
No. 3, Jiangdong Road, Chengtan Street, Xinchang, Zhejiang, CHN, 312500
Zhejiang Sling Automobile Bearing Co Ltd is engaged in research & development, manufacturing and sales of automotive bearings.

Zhejiang Sling Automobile Bearing Co (SZSE:301550) Headlines

No Headlines