PDD Holdings (PDD Holdings) Days Payable

: 184.21 (As of Dec. 2023)

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PDD Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $9,917 Mil. PDD Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $4,913 Mil. Hence, PDD Holdings's Days Payable for the three months ended in Dec. 2023 was 184.21.

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

PDD' s Days Payable Range Over the Past 10 Years
Min: 262.02 Med: 793.44 Max: 2755.57
Current: 262.02

During the past 8 years, PDD Holdings's highest Days Payable was 2755.57. The lowest was 262.02. And the median was 793.44.

PDD's Days Payable is ranked better than
92.78% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.675 vs PDD: 262.02

PDD Holdings's Days Payable declined from Dec. 2022 (605.70) to Dec. 2023 (184.21). It may suggest that PDD Holdings accelerated paying its suppliers.

PDD Holdings Days Payable Historical Data

The historical data trend for PDD 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.

* Premium members only.

PDD Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1,377.26

787.24

678.97

799.63

286.35

PDD Holdings 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															605.70	501.94	288.52	219.98	184.21

Competitive Comparison

For the Internet Retail subindustry, PDD 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.

PDD Holdings Days Payable Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, PDD Holdings's Days Payable distribution charts can be found below:

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

PDD 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.

PDD Holdings'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
=	( (9652.669	+	10503.523)	/	2 )	/	12846.08	*	365
=	10078.096					/	12846.08	*	365
=	286.35

PDD Holdings'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
=	( (9331.413	+	10503.523)	/	2 )	/	4912.786	*	365 / 4
=	9917.468					/	4912.786	*	365 / 4
=	184.21

PDD Holdings Days Payable Related Terms

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PDD Holdings (PDD Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » PDD Holdings Inc (NAS:PDD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PDD:Mexico 0A2S:UK 9PDA:Germany 9PDA:Germany P1DD34:Brazil

Address

First Floor, 25 St Stephen’s Green, Dublin 2,, Dublin 2, IRL, D02 XF99

Website

https://www.pddholdings.com

PDD Holdings (Nasdaq: PDD) is a multinational commerce group that owns and operates a portfolio of businesses. PDD Holdings aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from the increased productivity and new opportunities. PDD Holdings has built a network of sourcing, logistics, and fulfilment capabilities, that support its underlying businesses.