China ZhengTong Auto Services Holdings (China ZhengTong Auto Services Holdings) Days Payable : 55.67 (As of Jun. 2023)

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What is China ZhengTong Auto Services Holdings Days Payable?

China ZhengTong Auto Services Holdings's average Accounts Payable for the six months ended in Jun. 2023 was $497 Mil. China ZhengTong Auto Services Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was $1,631 Mil. Hence, China ZhengTong Auto Services Holdings's Days Payable for the six months ended in Jun. 2023 was 55.67.

The historical rank and industry rank for China ZhengTong Auto Services Holdings's Days Payable or its related term are showing as below:

CZASF' s Days Payable Range Over the Past 10 Years
Min: 42.12 Med: 52.09 Max: 70.77
Current: 58.99

During the past 13 years, China ZhengTong Auto Services Holdings's highest Days Payable was 70.77. The lowest was 42.12. And the median was 52.09.

CZASF's Days Payable is ranked worse than
55.43% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs CZASF: 58.99

China ZhengTong Auto Services Holdings's Days Payable declined from Jun. 2022 (64.83) to Jun. 2023 (55.67). It may suggest that China ZhengTong Auto Services Holdings accelerated paying its suppliers.

China ZhengTong Auto Services Holdings Days Payable Historical Data

The historical data trend for China ZhengTong Auto Services Holdings'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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China ZhengTong Auto Services Holdings Days Payable Chart

China ZhengTong Auto Services Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

48.89

41.94

51.89

70.71

63.48

China ZhengTong Auto Services Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															53.82	64.83	58.79	55.67	58.06

Competitive Comparison of China ZhengTong Auto Services Holdings's Days Payable

For the Auto & Truck Dealerships subindustry, China ZhengTong Auto Services Holdings'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.

China ZhengTong Auto Services Holdings's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China ZhengTong Auto Services Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where China ZhengTong Auto Services Holdings's Days Payable falls into.

China ZhengTong Auto Services Holdings 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.

China ZhengTong Auto Services Holdings's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (617.304	+	550.823)	/	2 )	/	3015.034	*	365
=	584.0635					/	3015.034	*	365
=	70.71

China ZhengTong Auto Services Holdings's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (550.823	+	444.095)	/	2 )	/	1630.847	*	365 / 2
=	497.459					/	1630.847	*	365 / 2
=	55.67

China ZhengTong Auto Services Holdings Days Payable Related Terms

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China ZhengTong Auto Services Holdings (China ZhengTong Auto Services Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China ZhengTong Auto Services Holdings Ltd (OTCPK:CZASF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

01728:Hong Kong ZA0:Germany

Address

No. 59, West Third-Ring South Road, Baoze Plaza, Beijing, CHN

Website

http://www.zhengtongauto.com

China ZhengTong Auto Services Holdings Ltd is a China-based investment holding company principally engaged in the sales of passenger motor vehicles, including luxury and ultra-luxury branded automobiles. The Company operates its business through four segments. The 4S Dealership Business segment is engaged in the sales of motor vehicles and motor spare parts and the provision of maintenance services. The Logistics Business segment is engaged in the provision of motor-related logistics services. The Lubricant Oil Business segment is engaged in the trading of lubricant oil. The Financial Services Business segment is engaged in the provision of financial services to auto customers and dealers.

China ZhengTong Auto Services Holdings (China ZhengTong Auto Services Holdings) Headlines

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