Hubei Kait Automotive Electronic & Electrical Systems Co (BJSE:832978) Days Payable : 124.83 (As of Mar. 2024)

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What is Hubei Kait Automotive Electronic & Electrical Systems Co Days Payable?

Hubei Kait Automotive Electronic & Electrical Systems Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥152.1 Mil. Hubei Kait Automotive Electronic & Electrical Systems Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥111.2 Mil. Hence, Hubei Kait Automotive Electronic & Electrical Systems Co's Days Payable for the three months ended in Mar. 2024 was 124.83.

The historical rank and industry rank for Hubei Kait Automotive Electronic & Electrical Systems Co's Days Payable or its related term are showing as below:

BJSE:832978' s Days Payable Range Over the Past 10 Years
Min: 112.39 Med: 206.73 Max: 279.32
Current: 112.39

During the past 11 years, Hubei Kait Automotive Electronic & Electrical Systems Co's highest Days Payable was 279.32. The lowest was 112.39. And the median was 206.73.

BJSE:832978's Days Payable is ranked better than
75.27% of 2426 companies
in the Hardware industry
Industry Median: 68.08 vs BJSE:832978: 112.39

Hubei Kait Automotive Electronic & Electrical Systems Co's Days Payable declined from Mar. 2023 (143.80) to Mar. 2024 (124.83). It may suggest that Hubei Kait Automotive Electronic & Electrical Systems Co accelerated paying its suppliers.

Hubei Kait Automotive Electronic & Electrical Systems Co Days Payable Historical Data

The historical data trend for Hubei Kait Automotive Electronic & Electrical Systems 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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Hubei Kait Automotive Electronic & Electrical Systems Co Days Payable Chart

Hubei Kait Automotive Electronic & Electrical Systems Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

206.21

207.25

155.36

129.40

126.57

Hubei Kait Automotive Electronic & Electrical Systems Co Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															143.80	110.88	110.87	107.64	124.83

Competitive Comparison of Hubei Kait Automotive Electronic & Electrical Systems Co's Days Payable

For the Electronic Components subindustry, Hubei Kait Automotive Electronic & Electrical Systems 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.

Hubei Kait Automotive Electronic & Electrical Systems Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hubei Kait Automotive Electronic & Electrical Systems Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hubei Kait Automotive Electronic & Electrical Systems Co's Days Payable falls into.

Hubei Kait Automotive Electronic & Electrical Systems 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.

Hubei Kait Automotive Electronic & Electrical Systems 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
=	( (143.521	+	158.038)	/	2 )	/	434.82	*	365
=	150.7795					/	434.82	*	365
=	126.57

Hubei Kait Automotive Electronic & Electrical Systems 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
=	( (158.038	+	146.118)	/	2 )	/	111.167	*	365 / 4
=	152.078					/	111.167	*	365 / 4
=	124.83

Hubei Kait Automotive Electronic & Electrical Systems Co Days Payable Related Terms

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Hubei Kait Automotive Electronic & Electrical Systems Co (BJSE:832978) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hubei Kait Automotive Electronic & Electrical Systems Co Ltd (BJSE:832978) » Definitions » Days Payable

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Address

No. 36, Changjiang Road, 3rd Floor, No. 25, Wuchang, Hubei, Wuhan, CHN, 430064

Website

https://en.kait.com.cn

Hubei Kait Automotive Electronic & Electrical Systems Co Ltd is engaged in research & development, production and sales of automotive thermal system products such as sensors, controllers and actuators.

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