Chongqing Wangcheng Technology Co (BJSE:830896) Days Payable : 124.79 (As of Mar. 2024)

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What is Chongqing Wangcheng Technology Co Days Payable?

Chongqing Wangcheng Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥81.7 Mil. Chongqing Wangcheng Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥59.8 Mil. Hence, Chongqing Wangcheng Technology Co's Days Payable for the three months ended in Mar. 2024 was 124.79.

The historical rank and industry rank for Chongqing Wangcheng Technology Co's Days Payable or its related term are showing as below:

BJSE:830896' s Days Payable Range Over the Past 10 Years
Min: 108.69 Med: 123.87 Max: 158.79
Current: 110.58

During the past 12 years, Chongqing Wangcheng Technology Co's highest Days Payable was 158.79. The lowest was 108.69. And the median was 123.87.

BJSE:830896's Days Payable is ranked better than
75.51% of 1266 companies
in the Vehicles & Parts industry
Industry Median: 66.61 vs BJSE:830896: 110.58

Chongqing Wangcheng Technology Co's Days Payable declined from Mar. 2023 (128.82) to Mar. 2024 (124.79). It may suggest that Chongqing Wangcheng Technology Co accelerated paying its suppliers.

Chongqing Wangcheng Technology Co Days Payable Historical Data

The historical data trend for Chongqing Wangcheng Technology 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.

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Chongqing Wangcheng Technology Co Days Payable Chart

Chongqing Wangcheng Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

155.18

158.79

117.11

127.06

116.92

Chongqing Wangcheng Technology Co Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															128.82	105.35	104.88	117.48	124.79

Competitive Comparison of Chongqing Wangcheng Technology Co's Days Payable

For the Auto Parts subindustry, Chongqing Wangcheng Technology 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.

Chongqing Wangcheng Technology Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Chongqing Wangcheng Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Chongqing Wangcheng Technology Co's Days Payable falls into.

Chongqing Wangcheng Technology 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.

Chongqing Wangcheng Technology 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
=	( (84.158	+	86.792)	/	2 )	/	266.829	*	365
=	85.475					/	266.829	*	365
=	116.92

Chongqing Wangcheng Technology 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
=	( (86.792	+	76.705)	/	2 )	/	59.776	*	365 / 4
=	81.7485					/	59.776	*	365 / 4
=	124.79

Chongqing Wangcheng Technology Co Days Payable Related Terms

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Chongqing Wangcheng Technology Co (BJSE:830896) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chongqing Wangcheng Technology Co Ltd (BJSE:830896) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 3, No. 4, Jingxi Road, Jingkouyuan, Shapingba District, Chongqing, CHN, 400033

Website

http://www.cwcgear.com

Chongqing Wangcheng Technology Co Ltd engages in research, development, production, and sales of friction materials for gears, clutches, and transmissions. It produces gears, clutches, and other products. The firm supplies its products in motorcycles, terrain vehicles, cars, wind power equipment, agricultural machines, and other fields.

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