Dada Nexus (Dada Nexus) Days Payable : 0.33 (As of Dec. 2023)

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What is Dada Nexus Days Payable?

Dada Nexus's average Accounts Payable for the three months ended in Dec. 2023 was $1 Mil. Dada Nexus's Cost of Goods Sold for the three months ended in Dec. 2023 was $199 Mil. Hence, Dada Nexus's Days Payable for the three months ended in Dec. 2023 was 0.33.

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

DADA' s Days Payable Range Over the Past 10 Years
Min: 0.42 Med: 0.89 Max: 1.64
Current: 0.47

During the past 7 years, Dada Nexus's highest Days Payable was 1.64. The lowest was 0.42. And the median was 0.89.

DADA's Days Payable is ranked worse than
99.81% of 1078 companies
in the Retail - Cyclical industry
Industry Median: 56.675 vs DADA: 0.47

Dada Nexus's Days Payable declined from Dec. 2022 (0.57) to Dec. 2023 (0.33). It may suggest that Dada Nexus accelerated paying its suppliers.

Dada Nexus Days Payable Historical Data

The historical data trend for Dada Nexus'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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Dada Nexus Days Payable Chart

Dada Nexus Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1.20

0.89

0.83

0.65

0.42

Dada Nexus Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															0.57	0.66	0.58	0.37	0.33

Competitive Comparison of Dada Nexus's Days Payable

For the Internet Retail subindustry, Dada Nexus'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.

Dada Nexus's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Dada Nexus's Days Payable distribution charts can be found below:

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

Dada Nexus 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.

Dada Nexus'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
=	( (1.404	+	0.701)	/	2 )	/	914.588	*	365
=	1.0525					/	914.588	*	365
=	0.42

Dada Nexus'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
=	( (0.748	+	0.701)	/	2 )	/	198.923	*	365 / 4
=	0.7245					/	198.923	*	365 / 4
=	0.33

Dada Nexus Days Payable Related Terms

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Dada Nexus (Dada Nexus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Dada Nexus Ltd (NAS:DADA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

D0A:Germany

Address

No.1088 Yangshupu Road, 22nd Floor, Oriental Fisherman’s Wharf, Yangpu District, Shanghai, CHN, 200082

Website

https://ir.imdada.cn

Dada Nexus is a leading crowdsourced delivery service in China. The company has two core businesses, Dada Now, which is an on-demand delivery platform that provides last-mile and intracity services; and JD Daojia, or JDDJ, which is an online on-demand retail platform that connects consumers to merchants with its delivery capabilities. As of 2022, Dada Now accounted for 34% of revenue while JDDJ accounted for the rest. JDDJ and Dada Nexus merged in 2016, where JD.com received 47.4% ownership of the merged entity in exchange for its JDDJ business. As of June 2023, JD.com and Walmart Inc own 53.9% and 9.3% of Dada Nexus, respectively. Dada Nexus competes with other logistics companies such as SF Intra-City, with Didi in its delivery business, and with Meituan in its on-demand retail segment.