Chongqing Mexin Yishen Machinery Co (BJSE:873833) Days Payable : 27.75 (As of Jun. 2024)

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What is Chongqing Mexin Yishen Machinery Co Days Payable?

Chongqing Mexin Yishen Machinery Co's average Accounts Payable for the three months ended in Jun. 2024 was ¥28.6 Mil. Chongqing Mexin Yishen Machinery Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥94.1 Mil. Hence, Chongqing Mexin Yishen Machinery Co's Days Payable for the three months ended in Jun. 2024 was 27.75.

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

BJSE:873833' s Days Payable Range Over the Past 10 Years
Min: 29.88 Med: 56.98 Max: 89.95
Current: 54.07

During the past 9 years, Chongqing Mexin Yishen Machinery Co's highest Days Payable was 89.95. The lowest was 29.88. And the median was 56.98.

BJSE:873833's Days Payable is ranked worse than
59.98% of 1277 companies
in the Vehicles & Parts industry
Industry Median: 65.91 vs BJSE:873833: 54.07

Chongqing Mexin Yishen Machinery Co's Days Payable declined from Mar. 2023 (33.91) to Jun. 2024 (27.75). It may suggest that Chongqing Mexin Yishen Machinery Co accelerated paying its suppliers.

Chongqing Mexin Yishen Machinery Co Days Payable Historical Data

The historical data trend for Chongqing Mexin Yishen Machinery 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 Mexin Yishen Machinery Co Days Payable Chart

Chongqing Mexin Yishen Machinery Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

56.98

48.69

31.11

32.43

29.88

Chongqing Mexin Yishen Machinery Co Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Mar17	Jun17	Dec17	Mar18	Jun18	Dec20	Jun21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															33.91	21.65	-	27.47	27.75

Competitive Comparison of Chongqing Mexin Yishen Machinery Co's Days Payable

For the Auto Parts subindustry, Chongqing Mexin Yishen Machinery 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 Mexin Yishen Machinery Co's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Chongqing Mexin Yishen Machinery Co's Days Payable falls into.

Chongqing Mexin Yishen Machinery 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 Mexin Yishen Machinery 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
=	( (28.928	+	27.02)	/	2 )	/	341.666	*	365
=	27.974					/	341.666	*	365
=	29.88

Chongqing Mexin Yishen Machinery Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (25.196	+	32.011)	/	2 )	/	94.067	*	365 / 4
=	28.6035					/	94.067	*	365 / 4
=	27.75

Chongqing Mexin Yishen Machinery Co Days Payable Related Terms

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Chongqing Mexin Yishen Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chongqing Mexin Yishen Machinery Co Ltd (BJSE:873833) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 192, Julong Avenue, Lidu New District, Fuling, Chongqing, CHN, 400060

Website

http://www.mexinys.com

Chongqing Mexin Yishen Machinery Co Ltd is engaged in research & development, production and sales of compressor crankshafts, general machine crankshafts, motorcycle crankshafts, scrolls and related products.

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