Chaowei Power Holdings (HKSE:00951) Days Payable : 52.11 (As of Jun. 2023)

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What is Chaowei Power Holdings Days Payable?

Chaowei Power Holdings's average Accounts Payable for the six months ended in Jun. 2023 was HK$4,630 Mil. Chaowei Power Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$16,217 Mil. Hence, Chaowei Power Holdings's Days Payable for the six months ended in Jun. 2023 was 52.11.

The historical rank and industry rank for Chaowei Power Holdings's Days Payable or its related term are showing as below:

HKSE:00951' s Days Payable Range Over the Past 10 Years
Min: 24.91 Med: 51.97 Max: 59.04
Current: 40.71

During the past 13 years, Chaowei Power Holdings's highest Days Payable was 59.04. The lowest was 24.91. And the median was 51.97.

HKSE:00951's Days Payable is ranked worse than
75.18% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs HKSE:00951: 40.71

Chaowei Power Holdings's Days Payable declined from Jun. 2022 (80.91) to Jun. 2023 (52.11). It may suggest that Chaowei Power Holdings accelerated paying its suppliers.

Chaowei Power Holdings Days Payable Historical Data

The historical data trend for Chaowei Power 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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Chaowei Power Holdings Days Payable Chart

Chaowei Power Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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54.04

57.43

59.04

58.78

39.66

Chaowei Power 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															56.65	80.91	54.82	52.11	33.88

Competitive Comparison of Chaowei Power Holdings's Days Payable

For the Auto Parts subindustry, Chaowei Power 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.

Chaowei Power Holdings's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Chaowei Power Holdings's Days Payable falls into.

Chaowei Power 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.

Chaowei Power 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
=	( (5609.008	+	4544.483)	/	2 )	/	31523.777	*	365
=	5076.7455					/	31523.777	*	365
=	58.78

Chaowei Power 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
=	( (4544.483	+	4716.013)	/	2 )	/	16217.308	*	365 / 2
=	4630.248					/	16217.308	*	365 / 2
=	52.11

Chaowei Power Holdings Days Payable Related Terms

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Chaowei Power Holdings (HKSE:00951) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chaowei Power Holdings Ltd (HKSE:00951) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

EWC:Germany

Address

No. 18, Chengnan Road, Huaxi Industrial Function Area, Changxing County, Zhejiang Province, Huzhou, CHN, 313100

Website

https://www.chaowei.com.hk

Chaowei Power Holdings Ltd is a manufacturer of batteries and related products used in electric bikes, electric vehicles, and special-purpose electric vehicles. The largest business segment is the production of lead-acid batteries for electric bikes. Smaller segments produce lithium-ion batteries and related products. The company supplies its batteries directly to electric-bike manufacturers, as well as to a network of independent distributors selling batteries on the secondary market. Nearly all of Chaowei Power's revenue is generated in China.

Chaowei Power Holdings (HKSE:00951) Headlines

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