Kandi Technologies Group (Kandi Technologies Group) Days Payable : 146.64 (As of Dec. 2023)

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What is Kandi Technologies Group Days Payable?

Kandi Technologies Group's average Accounts Payable for the three months ended in Dec. 2023 was $31.6 Mil. Kandi Technologies Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $19.7 Mil. Hence, Kandi Technologies Group's Days Payable for the three months ended in Dec. 2023 was 146.64.

The historical rank and industry rank for Kandi Technologies Group's Days Payable or its related term are showing as below:

KNDI' s Days Payable Range Over the Past 10 Years
Min: 85.29 Med: 238.57 Max: 469.27
Current: 148.18

During the past 13 years, Kandi Technologies Group's highest Days Payable was 469.27. The lowest was 85.29. And the median was 238.57.

KNDI's Days Payable is ranked better than
84.14% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs KNDI: 148.18

Kandi Technologies Group's Days Payable increased from Dec. 2022 (103.08) to Dec. 2023 (146.64). It may suggest that Kandi Technologies Group delayed paying its suppliers.

Kandi Technologies Group Days Payable Historical Data

The historical data trend for Kandi Technologies Group'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.

Kandi Technologies Group Days Payable Chart

Kandi Technologies Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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305.08

305.98

172.06

133.68

142.19

Kandi Technologies Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															103.08	206.10	140.41	127.30	146.64

Competitive Comparison of Kandi Technologies Group's Days Payable

For the Auto Parts subindustry, Kandi Technologies Group'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.

Kandi Technologies Group's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Kandi Technologies Group's Days Payable falls into.

Kandi Technologies Group 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.

Kandi Technologies Group'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
=	( (35.321	+	28.745)	/	2 )	/	82.229	*	365
=	32.033					/	82.229	*	365
=	142.19

Kandi Technologies Group's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (34.476	+	28.745)	/	2 )	/	19.671	*	365 / 4
=	31.6105					/	19.671	*	365 / 4
=	146.64

Kandi Technologies Group Days Payable Related Terms

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Kandi Technologies Group (Kandi Technologies Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Kandi Technologies Group Inc (NAS:KNDI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

K8A:Germany K8A:Germany

Address

Jinhua New Energy Vehicle Town, Zhejiang Province, Jinhua, CHN, 321016

Website

http://www.kandivehicle.com

Kandi Technologies Group Inc is engaged in the development, production, and distribution of electric vehicle (EV) products, EV parts, and off-road vehicle products, primarily in the Chinese market. Other product offerings include all-terrain vehicles, go-karts, utility vehicles, battery packs, motor vehicles, controllers, and air conditioning systems. It generates revenue through EV parts and off-road vehicles. The company generates the majority of its revenue from China, and it also exports Overseas.

Executives

Xueqin Dong	director, officer: Chief Executive Officer	JINHUA NEW ENERGY VEHICLE TOWN, JINHUA F4 321016
Henry Yu	director	JINHUA CITY INDUSTRIAL ZONE, JINHUA, ZHEJIANG PROVINCE F4 321016
Lin Wang	director	C/O KANDI TECHNOLOGIES GROUP, INC., JINHUA NEW ENERGY VEHICLE TOWN, ZHEJIANG PROVINCE F4 321016
Chenming Sun	director	C/O KANDI TECHNOLOGIES GROUP, INC., JINHUA NEW ENERGY VEHICLE TOWN, ZHEJIANG PROVINCE F4 321016
Jehn Ming Lim	officer: Chief Financial Officer	FLAT E,7/F, BLOCK 3 ,BANYAN MANSION, WHAMPOA GARDEN,HUNG HOM, KOWLOON, HONG KONG K3 00000
Xiaoming Hu	director, 10 percent owner, officer: President and CEO	C/O KANDI TECHNOLOGIES GROUP, INC., JINHUA NEW ENERGY VEHICLE TOWN, ZHEJIANG PROVINCE F4 321016
Feng Zhu	director	JINHUA CITY INDUSTRIAL ZONE, JINHUA F4 321015
Yi Lin	director	JINHUA CITY INDUSTRIAL ZONE, JINHUA F4 321015
Excelvantage Group Ltd	other: Sole Director	JINHUA CITY INDUSTRIAL ZONE, JINHUA CITY, ZHEJIANG PROVINCE F4 321016
Cheng(henry) Wang	officer: Chief Financial Officer	C/O JINHUA CITY INDUSTRIAL ZONE, JINHUA, ZHEJIANG PROVINCE F4 321016
Bing Mei	officer: Chief Financial Officer	42800 RIDGEWAY DR., ASHBURN VA 20148
Jingsong Qian	director	JINHUA CITY INDUSTRIAL ZONE, JINHUA ZHEJIANG PROVINCE F4 321016
Xiaoying Zhu	director, officer: Chief Financial Officer	C/O JINHUA CITY INDUSTRIAL ZONE, JINHUA, ZHEJIANG PROVINCE F4 321016
Liming Chen	director	JINHUA CITY INDUSTRIAL ZONE, JINHUA ZHEJIAN PROVINCE F4 321016
Guangzheng Ni	director	JINHUA CITY INDUSTRIAL ZONE, JINHUA ZHEJIANG PROVINCE F4 321016