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Chijet Motor Co (Chijet Motor Co) Days Payable : 499.18 (As of Dec. 2023)


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What is Chijet Motor Co Days Payable?

Chijet Motor Co's average Accounts Payable for the six months ended in Dec. 2023 was $60.48 Mil. Chijet Motor Co's Cost of Goods Sold for the six months ended in Dec. 2023 was $22.11 Mil. Hence, Chijet Motor Co's Days Payable for the six months ended in Dec. 2023 was 499.18.

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

CJET' s Days Payable Range Over the Past 10 Years
Min: 468.83   Med: 516.92   Max: 575.08
Current: 553.14

During the past 4 years, Chijet Motor Co's highest Days Payable was 575.08. The lowest was 468.83. And the median was 516.92.

CJET's Days Payable is ranked better than
98.1% of 1263 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs CJET: 553.14

Chijet Motor Co's Days Payable declined from Dec. 2022 (611.06) to Dec. 2023 (499.18). It may suggest that Chijet Motor Co accelerated paying its suppliers.

Chijet Motor Co Days Payable Historical Data

The historical data trend for Chijet Motor 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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Chijet Motor Co Days Payable Chart

Chijet Motor Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Days Payable
468.83 479.28 554.55 575.08

Chijet Motor Co Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Payable Get a 7-Day Free Trial 364.35 508.63 611.06 589.37 499.18

Competitive Comparison of Chijet Motor Co's Days Payable

For the Auto Manufacturers subindustry, Chijet Motor 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.

Chijet Motor Co's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Chijet Motor Co's Days Payable falls into.


Chijet Motor 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.

Chijet Motor 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
=( (71.107 + 62.016) / 2 ) / 42.246*365
=66.5615 / 42.246*365
=575.08

Chijet Motor Co'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: Jun. 2023 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (58.942 + 62.016) / 2 ) / 22.111*365 / 2
=60.479 / 22.111*365 / 2
=499.18

* 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.

Chijet Motor Co Days Payable Related Terms

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Chijet Motor Co (Chijet Motor Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chijet Motor Co Inc (NAS:CJET) » Definitions » Days Payable
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Traded in Other Exchanges
N/A
Address
No. 8, Beijing South Road Economic & Technological Development Zone Yantai, Shandong, CHN, 264006
Website
https://www.chijetmotors.com
Chijet Motor Co Inc is engaged in the research and development, production and sales of new energy vehicles. New energy vehicles refer to plug-in electric vehicles including battery electric vehicles, plug-in hybrid (PHEV) electric vehicles, and fuel cell electric vehicles. Its passenger vehicles include small cars, sedans, and sports utility vehicles, or SUVs, and commercial vehicles include light trucks and vans.