Cenntro (Cenntro) Days Payable : 63.15 (As of Dec. 2023)

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What is Cenntro Days Payable?

Cenntro's average Accounts Payable for the three months ended in Dec. 2023 was $5.82 Mil. Cenntro's Cost of Goods Sold for the three months ended in Dec. 2023 was $8.41 Mil. Hence, Cenntro's Days Payable for the three months ended in Dec. 2023 was 63.15.

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

CENN' s Days Payable Range Over the Past 10 Years
Min: 78.39 Med: 190.96 Max: 708.89
Current: 78.39

During the past 5 years, Cenntro's highest Days Payable was 708.89. The lowest was 78.39. And the median was 190.96.

CENN's Days Payable is ranked better than
60.1% of 1263 companies
in the Vehicles & Parts industry
Industry Median: 65.81 vs CENN: 78.39

Cenntro's Days Payable declined from Dec. 2022 (138.99) to Dec. 2023 (63.15). It may suggest that Cenntro accelerated paying its suppliers.

Cenntro Days Payable Historical Data

The historical data trend for Cenntro'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.

Cenntro Days Payable Chart

Cenntro Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

708.89

407.14

190.96

136.30

93.74

Cenntro Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial								138.99	87.49	92.45	74.21	63.15

Competitive Comparison of Cenntro's Days Payable

For the Auto Manufacturers subindustry, Cenntro'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.

Cenntro's Days Payable Distribution in the Vehicles & Parts Industry

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

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

Cenntro 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.

Cenntro'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
=	( (3.383	+	6.798)	/	2 )	/	19.822	*	365
=	5.0905					/	19.822	*	365
=	93.74

Cenntro'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
=	( (4.843	+	6.798)	/	2 )	/	8.41	*	365 / 4
=	5.8205					/	8.41	*	365 / 4
=	63.15

Cenntro Days Payable Related Terms

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Cenntro (Cenntro) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cenntro Inc (NAS:CENN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0SQ:Germany 0SQA:Germany

Address

501 Okerson Road, Freehold, NJ, USA, 07728

Website

https://www.cenntroauto.com

Cenntro Electric Group Ltd is a commercial electric vehicle technology company with advanced, market-validated electric commercial vehicles. It plans to lead transformation in the auto industry through scalable, decentralized production and fully digitalized autonomous driving solutions. Its vehicles include Metro, Logistar 400, Logistar 200, Neibor 200, and ORV. The company's geographical segments include Europe, America, Asia, and Oceania.

Executives

Edmond Cheng	officer: Chief Financial Officer	C/O UTSTARCOM, INC., 1275 HARBOR BAY PARKWAY, ALAMEDA CA 94502
Peter Wang	director, 10 percent owner, officer: CEO and Executive Director
Ming He	officer: Treasurer	NO. 106 ZHONGHUAN SOUTH ROAD, AIRPORT INDUSTRIAL PARK, TIANJIN F4 300308
Christopher Thorne	director	501 OKERSON ROAD, FREEHOLD NJ 07728
Mathew Zauner	officer: Corporate Secretary	501 OKERSON ROAD, FREEHOLD NJ 07728
Jiawei Tong	director	501 OKERSON ROAD, FREEHOLD NJ 07728
Tony Wen Tsai	officer: Corporate Secretary	501 OKERSON ROAD, FREEHOLD NJ 07728
Marianne Mcinerney	officer: Chief Marketing Officer	501 OKERSON ROAD, FREEHOLD NJ 07728
Yi Zeng	director	501 OKERSON ROAD, FREEHOLD NJ 07728
Wei Zhong	officer: Chief Technology Officer	501 OKERSON ROAD, FREEHOLD NJ 07728
Benjamin B Ge	director	501 OKERSON ROAD, FREEHOLD NJ 07728