Qingdao Taide Automobile Bearing Co (BJSE:831278) Days Payable : 115.69 (As of Mar. 2024)

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What is Qingdao Taide Automobile Bearing Co Days Payable?

Qingdao Taide Automobile Bearing Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥76.6 Mil. Qingdao Taide Automobile Bearing Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥60.4 Mil. Hence, Qingdao Taide Automobile Bearing Co's Days Payable for the three months ended in Mar. 2024 was 115.69.

The historical rank and industry rank for Qingdao Taide Automobile Bearing Co's Days Payable or its related term are showing as below:

BJSE:831278' s Days Payable Range Over the Past 10 Years
Min: 109.68 Med: 126.02 Max: 160.71
Current: 109.68

During the past 12 years, Qingdao Taide Automobile Bearing Co's highest Days Payable was 160.71. The lowest was 109.68. And the median was 126.02.

BJSE:831278's Days Payable is ranked better than
75.14% of 1267 companies
in the Vehicles & Parts industry
Industry Median: 66.62 vs BJSE:831278: 109.68

Qingdao Taide Automobile Bearing Co's Days Payable increased from Mar. 2023 (114.74) to Mar. 2024 (115.69). It may suggest that Qingdao Taide Automobile Bearing Co delayed paying its suppliers.

Qingdao Taide Automobile Bearing Co Days Payable Historical Data

The historical data trend for Qingdao Taide Automobile Bearing 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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Qingdao Taide Automobile Bearing Co Days Payable Chart

Qingdao Taide Automobile Bearing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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122.99

131.57

125.43

134.01

110.20

Qingdao Taide Automobile Bearing Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															114.74	98.48	103.67	112.80	115.69

Competitive Comparison of Qingdao Taide Automobile Bearing Co's Days Payable

For the Auto Parts subindustry, Qingdao Taide Automobile Bearing 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.

Qingdao Taide Automobile Bearing Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Qingdao Taide Automobile Bearing Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Qingdao Taide Automobile Bearing Co's Days Payable falls into.

Qingdao Taide Automobile Bearing 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.

Qingdao Taide Automobile Bearing 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
=	( (59.747	+	70.893)	/	2 )	/	216.342	*	365
=	65.32					/	216.342	*	365
=	110.20

Qingdao Taide Automobile Bearing 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
=	( (70.893	+	82.361)	/	2 )	/	60.441	*	365 / 4
=	76.627					/	60.441	*	365 / 4
=	115.69

Qingdao Taide Automobile Bearing Co Days Payable Related Terms

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Qingdao Taide Automobile Bearing Co (BJSE:831278) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Qingdao Taide Automobile Bearing Co Ltd (BJSE:831278) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 10 Xinghua Road, Licang District, Shandong Province, Qingdao City, CHN, 266041

Website

http://www.qdtaide.com

Qingdao Taide Automobile Bearing Co Ltd engages in the manufacturing and sales of high-precision special bearings for automobiles. It mainly produces high-quality automotive engine gear with specially used bearings: Automobile Air-condition compressor electromagnetic clutch bearing, tension bearing and unit for automotive engine, idler bearing, and unit, automotive engine intelligence fan clutch bearing, automotive silicone oil fan clutch bearing, automotive water pump bearing, precision bearing used in automotive engine auxiliary device, mower bearing.

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